WATER RESOURCES AUTHORITY HEARINGS BEFORE THE COMMITTEE ON INSULAR AFFAIRS SEVENTY-SIXTH CONGRESS THIRD SESSION ON H. R. 8239 A BILL CREATING THE PUERTO RICO WATER OTHER PURPOSES 219245 MARCH 19, 20, 21, 22, 25, 26, 27, 28, 29, Printed for the use of the Committee on Insular Affairs UNITED STATES WASHINGTON: 1940 CONTENTS Hon. Harold L. Ickes, Secretary of the Interior_ Antonio Lucchetti, director of the Utilization of Water Resources, Enrique Campos Del Toro, representing the minority parties of Judson C. Dickerman, Engineer, Federal Trade Commission__. Benjamin W. Thoron, director, Finance Division, Public Works Admin- H. F. Hall, American Farm Bureau Federation___ Bolívar Pagán, Resident Commissioner, Puerto Rico‒‒‒‒‒ David Speck, Assistant to the Solicitor, Department of the Interior___ 967508 PUERTO RICO WATER RESOURCES AUTHORITY MARCH 19, 1940 COMMITTEE ON INSULAR AFFAIRS, The committee met at 10 a. m., Hon. Leo Kocialkowski (chairman), presiding. The CHAIRMAN. The committee will come to order, please. We are opening hearings this morning on H. R. 8239, a bill to create the Puerto Rico Water Resources Authority and for other purposes. This is the only bill we have before the committee. (H. R. 8239 referred to by the chairman is as follows:) [H. R. 8239, 76th Cong., 3d sess.] A BILL Creating the Puerto Rico Water Resources Authority, and for other purposes Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Puerto Rico Water Resources Authority Act". DEFINITIONS SEC. 2. The following terms, whenever used or referred to in this Act, shall have the following meanings, except where the context clearly indicates otherwise: (a) The term "Authority" shall mean the Puerto Rico Water Resources Authority created by this Act. (b) The term "Board" shall mean the governing body of the Authority. (c) The term "bonds" shall mean the bonds, temporary bonds, debentures, notes, interim bonds, receipts, certificates, or other evidences of indebtedness or obligations which the Authority is authorized to issue pursuant to this Act. (d) The term "undertaking" shall mean any one or a combination of two or more of the following for continuing to completion the development of the water resources of Puerto Rico: Water, irrigation, electric, heat, light, or power works, facilities, structures, plants, or systems, together with all parts thereof, appurtenances thereto, and lands, rights in lands, water rights, rights and privileges in connection therewith and including, but not limited to, irrigation and hydroelectric supply and distribution systems, plants for generating electricity by water power or by any other means, including steam, and stations, reservoirs, dams, canals, tunnels, conduits, transmission and distribution lines, and other facilities and appurtenances necessary, useful, or customarily used and employed in the production, diversion, collection, storage, conservation, utilization, transportation, distribution, sale, exchange, or other disposition of water or electric energy. (e) The term "Federal agency" shall mean the United States of America, the President, or any department of, or corporation, agency, or instrumentality heretofore or hereafter created, designated, or established by, the United States of America. (f) The term "holder of bonds" or "bondholder" or any similar term shall mean any person who shall be the bearer of any outstanding bond or bonds registered to bearer or not registered, or the registered owner of any outstanding bond or bonds which at the time shall be registered other than to bearer. (g) The term “utilization of the water resources" shall mean the operating agency for the system belonging to the people of Puerto Rico, constructed, operated, and maintained under the provisions of an act of the Legislature of Puerto Rico entitled "An Act for the Development of the Water Resources", approved |