On the recordDecember 5, 2006
Mr. Speaker, H.R. 5666, sponsored by our colleague, Mike Simpson, allows for the early repayment of capital costs associated with a Federal water project in Idaho. Under existing law, landowners who benefit from this water project cannot prepay the capital costs they owe to the Federal Government. This bill gives the Bureau of Reclamation the ability to accept prepayment from these landowners. This legislation benefits the American taxpayer because it allows early revenue to flow to the U.S. Treasury, and it helps local landowners by reducing their debt. I urge my colleagues to support this bill because it is a commonsense bill.
Source
govinfo.gov
