Manager's amendment makes technical and clarifying changes to the bill.

1. 1

   Change 1: Replaces “All repayment contracts” with “Except for those repayment contracts under which the contractor has previously negotiated…”

   ReplacesPage 155, line 19Printed page

   In H.R. 2898 · Reported in House

   (B) Water service contracts that were entered under subsection (c)(2) of section 9 of the Act of August 4, 1939 (53 Stat. 1194), to be converted under this section shall be converted to a contract under subsection (c)(1) of section 9 of that Act (53 Stat. 1195).

   (2) Prepayment.--[struck: All ][inserted: Except for those ]repayment contracts under [inserted: which the contractor has previously negotiated for prepayment, all repayment contracts under ]section 9(d) of that Act (53 Stat. 1195) in effect on the date of enactment of this Act at the request of the contractor, and all contracts converted pursuant to paragraph (1)(A) shall--

   (A) provide for the repayment, either in lump sum or by accelerated prepayment, of the remaining construction costs identified in water project specific irrigation rate repayment schedules, as adjusted to reflect payment not reflected in such schedule, and properly assignable for ultimate return by the contractor, or if made in approximately equal installments, no later than 3 years after the effective date of the repayment contract, such amount to be discounted by \1/2\ the Treasury rate. An estimate of the remaining construction costs, as adjusted, shall be provided by the Secretary to the contractor no later than 90 days following receipt of request of the contractor;

   Original wording

   Page 155, line 19, strike “All repayment contracts” and insert “Except for those repayment contracts under which the contractor has previously negotiated for prepayment, all repayment contracts”.

2. 2

   Change 2: Replaces “The following” with “Except for those repayment contracts under which the contractor has previously negotiated…”

   ReplacesPage 157, line 11Printed page

   In H.R. 2898 · Reported in House

   (D) continue so long as the contractor pays applicable charges, consistent with section 9(d) of the Act of August 4, 1939 (53 Stat. 1195), and applicable law.

   (3) Contract requirements.--[struck: The ][inserted: Except for those repayment contracts under which the contractor has previously negotiated for prepayment, the ]following shall apply with regard to all repayment contracts under subsection (c)(1) of section 9 of that Act (53 Stat. 1195) in effect on the date of enactment of this Act at the request of the contractor, and all contracts converted pursuant to paragraph (1)(B):

   (A) Provide for the repayment in lump sum of the remaining construction costs identified in water project specific municipal and industrial rate repayment schedules, as adjusted to reflect payments not reflected in such schedule, and properly assignable for ultimate return by the contractor. An estimate of the remaining construction costs, as adjusted, shall be provided by the Secretary to the contractor no later than 90 days after receipt of request of contractor.

   Original wording

   Page 157, line 11, strike “The following” and insert “Except for those repayment contracts under which the contractor has previously negotiated for prepayment, the following”.

Read automatically from the Congressional Record. Check the original before relying on it.

As printed