Pub. L. 92-196, tit. V, sec. 502

Pub. L. 92-196, tit. V, sec. 502

EnactedYear: 1971Length: 255 wordsOfficial source
Sec. 502. The Act entitled “An Act to authorize the Commissioners of the District of Columbia to plan, construct, operate, and maintain a sanitary sewer to connect the Dulles International Airport with the District of Columbia system”, approved June 12, 1960, as amended, is further amended (1) by striking out in section 4 (D.C. Code, sec. 43–1623(a)) “$25;000,000” and inserting in lieu thereof “$35,500,000”, and (2) by adding at the end of section 2(b) (D.C. Code, sec. 43–1621 (b)) the following: “Lump-sum payments made by an agency or local authority pursuant to the provisions of this section, and as reimbursement to the United States of funds loaned in compliance with section 4 of this Act, need not be appropriated, and may be made by the agency or local authority to the Secretary of the Treasury.”. The second sentence of section 4(a) of such Act is amended by striking out “Any loan advanced” down through and including “from the receipts credited to said fund” and inserting in lieu thereof the following: “Any loan advanced under this section shall be credited to the Metropolitan Area Sanitary Sewage Works Fund, and— “(1) in the case of any loan advanced under this section before July 1, 1971, 50 per centum of such loan shall be repaid to the Secretary of the Treasury, and “(2) in the case of any loan advanced on or after July 1, 1971, 100 per centum of such loan shall be repaid to the Secretary of the Treasury, from the receipts credited to such fund”.
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