Amendment97th Congress
1097
- Amendment Number
- 1097
- Purpose
- Requiring the use of an interest rate computed at 50 percent of the difference between the 5-year Federal borrowing rate and the short-term 5-year Federal fund rate; providing a single limitation of 1,280 acres on ownership and leasing; requiring the disposal of excess acreage in 5 years for contracts executed after date of enactment; requiring the Secretary to make a determination to validate or not to validate a contract according to stated requirements; providing for modified Congressional review utilizing concurrent resolution disapproval; providing a reviewing court with the discretion to grant reformation of a contract as a remedy for private plaintiffs in cases with the Secretary; and requiring the Secretary to ensure the implementation of responsible water conservation programs in irrigation districts.
- Congress
- 97
- Type
- SUAMDT
- Latest Action Date
- Jul 16, 1982
- Latest Action Text
- Amendment agreed to in Senate by Yea-Nay Vote. 60-5. Record Vote No: 227.
- Proposed Date
- Jul 16, 1982
- Submitted Date
- Jul 16, 1982
- Chamber
- Senate
- Update Date
- Aug 14, 2021