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localId
7342057
label
President Signs H.R. 6874, Amend Small Reclamation Projects Act of 1956 [Signing Statements and Announcements]
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doc
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document
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1
Source metadata
id
7342057
sourceUrl
contentType
document
title
President Signs H.R. 6874, Amend Small Reclamation Projects Act of 1956 [Signing Statements and Announcements]
citationUrl
collections
White House Press Releases (Ford Administration)
Press Releases
subjects
U.S. House of Representatives. (03/04/1789 - )
Legislation
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1
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naId
7342057
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item
productionDates
day
27
logicalDate
1975-12-27
month
12
year
1975
recordType
description
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nara-archive
Single page context
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1
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0
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document
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65f2ce52625d695c
ocrText
Digitized from Box 19 of the White House Press Releases at the Gerald R. Ford Presidential Library
December 27, 1975
Office of the White House Press Secretary
(Vail, Colorado)
NOTICE TO THE PRESS
The President has signed H.R. 6874 - Amend Small Reclamation
Projects Act of 1956. This bill increases the appropriation
authorization for the Small Reclamation Projects program, to
expand the scope of the program to permit the acquisition of
existing water resource facilities, and to update the Act to take
into account the effects of inflation.
The bill will increase the amount of the present authorization by
$100 million to a cumulative total of $400 million.
H.R. 6874 will also amend the existing law as follows:
a. increase existing limitations on cost of an eligible
project as measured by a composite construction
cost index;
b. authorize the Secretary of the Interior to increase
existing loans to cover inflationary cost increases;
c. increase maximum loans and/or grant for a project
as measured by two-thirds of the maximum allowable
estimated total project cost instead of a $10 million
maximum limit. This would be equivalent to about
$15 million in 1975 prices.
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