Past Net Revenues from Leasing of Refuge Lands Clause Samples

Past Net Revenues from Leasing of Refuge Lands i. Certain costs related to Reclamation Project facilities have accrued and are currently identified as an outstanding balance for the Reclamation Project. The net lease revenues that are in the Reclamation Fund have not been applied to these costs due to uncertainty in the proper application of existing law. The contracts between the United States and the Klamath Reclamation Project water users do not address these costs. It is also uncertain whether the outstanding costs are equal to, less than, or greater than the current lease revenues in the Reclamation Fund, or whether past net lease revenues may be applied to the outstanding Klamath Reclamation Project costs. Accordingly, pursuant to the Act of August 1, 1956, 70 Stat. 799, and the Act of June 17, 1944, 58 Stat. 279, and other acts as applicable, after 10% of the net revenues from leasing of TLNWR lands within the boundaries of TID are provided to TID, as provided in article 4 of Contract No. ▇▇-▇▇-▇▇▇-▇▇▇▇, and payment is made to counties from net revenues from the leasing of Refuge lands in TLNWR and LKNWR (Area K) in lieu of taxes, as provided in section 3 of Public Law 88-567, the Parties agree that remaining net revenues from the leasing of Refuge lands in TLNWR and LKNWR at the time of enactment of the Authorizing Legislation proposed in Appendix A-1 and deposited in the Reclamation Fund shall apply as a credit to existing capital costs of Klamath Reclamation Project facilities. ii. In order to resolve any and all disputes or outstanding issues regarding any debt or encumbrance of the Klamath Reclamation Project or Project contractors and the disposition and application of past net revenues from leasing of lands within the TLNWR or LKNWR, the United States and KPWU agree that the funds held in the Reclamation Fund from the Refuges’ lease land revenues at the time of enactment of the Authorizing Legislation will be deemed to be equal to, and applied to liquidate, any and all debt or encumbrance of the Klamath Reclamation Project or Project contractors as of the date of enactment of that act. KPWU and the United States further agree that the disposition of net lease revenues thereafter shall be in accordance with the Authorizing Legislation, as described in Section 15.4.4.B. iii. The provision in Section 15.4.4.A.ii that any past Klamath Reclamation Project debt or encumbrance is deemed satisfied and the provision in Section 15.4.4.B that future net lease revenues will be applied to future Klama...

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