§485b. Amendment of existing repayment contracts — Inbound Citations
43 U.S.C. § 485b
Cited by 3 provisions in release 119-102.
Citations to 43 U.S.C. § 485b as a whole
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(a) The authority granted in section 485b of this title for modification of existing repayment contracts or other forms of obligations to pay construction charges shall continue through December 31, 1960.
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(a) The Secretary is authorized and directed to investigate the repayment problems of any existing project contract unit in connection with which, in his judgment, a contract under section 485b or 485c1 of this title would not be practicable nor provide an economically sound adjustment, and to negotiate a contract which, in his judgment, both would provide fair and equitable treatment of the repayment problems involved and would be in keeping with the general purpose of this subchapter.
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(g) If in the judgment of the Secretary a classification or reclassification pursuant to the provisions of this section is a necessary preliminary to entering into a contract under section 485b or 485c1 of this title, he may require the same as a condition precedent to entering into such a contract.