To provide a clarification with respect to the Mississippi River and Tributaries project.

Declares that: (1) the 2.5% interest rate used in the 2006 Revised Supplemental Environmental Impact Statement 2 recommending construction of the closure of the gap in the mainline levee system for the Mississippi River and Tributaries project located at the south end of the New Madrid floodway and considered in the authorization for the closure is the appropriate interest rate; and (2) construction of the closure is a non-separable and integral element of the project.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6432 Introduced in House (IH)]








109th CONGRESS
  2d Session
                                H. R. 6432

 To provide a clarification with respect to the Mississippi River and 
                          Tributaries project.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            December 8, 2006

   Mrs. Emerson (for herself, Mr. Berry, Mr. Ross, and Mr. Skelton) 
 introduced the following bill; which was referred to the Committee on 
                   Transportation and Infrastructure

_______________________________________________________________________

                                 A BILL


 
 To provide a clarification with respect to the Mississippi River and 
                          Tributaries project.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. MISSISSIPPI RIVER AND TRIBUTARIES PROJECT.

    (a) Interest Rate.--Notwithstanding any other provision of law or 
regulation, the 2.5 percent interest rate used in the 2006 Revised 
Supplemental Environmental Impact Statement 2 recommending construction 
of the closure of the gap in the mainline levee system for the 
Mississippi River and Tributaries project located at the south end of 
the New Madrid floodway and considered in the authorization for the 
closure is the appropriate interest rate.
    (b) Non-Separable and Integral Element.--Construction of the 
closure referred to in subsection (a) of this section is a non-
separable and integral element of the Mississippi River and Tributaries 
project authorized by the Flood Control Act of May 15, 1928 (Public Law 
391, 70th Congress, 45 Stat. 534, 33 U.S.C. 702a, et seq.).
                                 <all>