Authorization to Accept Prepayment of Obligations.

Sec. 2402. Authorization to Accept Prepayment of Obligations. (a) In General.—Notwithstanding section 213 of the Reclamation Reform Act of 1982 (43 U.S.C. 390mm), the Bureau of Reclamation may accept prepayment for all remaining repayment obligations under Contract I78r–423, Amendment 4 (referred to in this section as the “Contract”) entered into with the United States. (b) Contractual Obligations.—If full prepayment of all remaining repayment obligations under the Contract is offered— (1) the Secretary of the Interior shall accept the prepayment; and115 STAT. 175 (2) on acceptance by the Secretary of the prepayment all land covered by the Contract shall not be subject to the ownership and full cost pricing limitation under Federal reclamation law (the Act of June 17, 1902 (32 Stat. 388, chapter 1093), and Acts supplemental to and amendatory of that Act (43 U.S.C. 371 et seq.)).