
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 43USC501]

 
                         TITLE 43--PUBLIC LANDS
 
  CHAPTER 12--RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT
 
       SUBCHAPTER XI--MAINTENANCE AND OPERATION OF WORKS GENERALLY
 
Sec. 501. Disposition of profits of project taken over by water 
        users
        
    Whenever the water users take over the care, operation, and 
maintenance of a project, or a division of a project, the total 
accumulated net profits, as determined by the Secretary, derived from 
the operation of project power plants, leasing of project grazing and 
farm lands, and the sale or use of town sites shall be credited to the 
construction charge of the project, or a division thereof, and 
thereafter the net profits from such sources may be used by the water 
users to be credited annually, first, on account of project construction 
charge, second, on account of project operation and maintenance charge, 
and third, as the water users may direct. No distribution to individual 
water users shall be made out of any such profits before all obligations 
to the Government shall have been fully paid.

(Dec. 5, 1924, ch. 4, Sec. 4, subsec. I, 43 Stat. 703.)


                               Definitions

    The definitions in section 371 of this title apply to this section.

                  Section Referred to in Other Sections

    This section is referred to in sections 371, 417, 493, 500, 572 of 
this title.
