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HR 1502 IH

To treat certain payments made by Edmond, Oklahoma, as satisfying its obligations under the water storage control for Lake Arcadia, Oklahoma, and for other purposes.

March 13, 2007

Ms. FALLIN (for herself and Mr. COLE of Oklahoma) introduced the following bill; which was referred to the Committee on Transportation and Infrastructure

To treat certain payments made by Edmond, Oklahoma, as satisfying its obligations under the water storage control for Lake Arcadia, Oklahoma, and for other purposes.

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

SECTION 1. ARCADIA LAKE, OKLAHOMA.

Payments made by the city of Edmond, Oklahoma, to the Secretary of the Army in October 1999 of costs associated with present and future water storage at Arcadia Lake, Oklahoma, under Arcadia Lake Water Storage Contract Number DACW56-79-C-0072 shall satisfy the obligations of the city under that contract for such costs, including accrued interest.

SEC. 2. OKLAHOMA LAKE DEMONSTRATION, OKLAHOMA.

(a) Release of Retained Rights, Interests, and Reservations- Each reversionary interest and use restriction relating to public parks and recreation on the land conveyed by the Secretary of the Army to the State of Oklahoma at Lake Texoma pursuant to the Act entitled `An Act to authorize the sale of certain lands to the State of Oklahoma' (67 Stat. 63) is terminated.

(b) Instrument of Release- As soon as practicable after the date of enactment of this Act, the Secretary shall execute and file in the appropriate office a deed of release, an amended deed, or another appropriate instrument to release each interest and use restriction described in subsection (a).