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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 43 U.S.C. § 501 Disposition of profits of project taken over by water users us united_states_code code_section 43 PUBLIC LANDS 12 RECLAMATION AND IRRIGATION OF LANDS BY FEDERAL GOVERNMENT 501 43 U.S.C. § 501 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc43@119-100.zip /us/usc/t43/s501 data/legal/raw/us/code/title-43/usc43.xml 6c65785c15337449c801ed7cf402b1bdd35d66c8962807fbd5026364e8fa8773 d46a16361aa9d10bbc4b27ea0561882d240801c965a2700a4b7cf5f02f552a5f add6e723bf50c1d024e3bdb0c561c71e18a708a2c3685b17e7825e29446db5ec 2026-07-04 official
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43 U.S.C. § 501 - Disposition of profits of project taken over by water users

Text

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, § 4, subsec. I, 43 Stat. 703.)

Notes

Statutory Notes and Related Subsidiaries

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