12-2717.   Same; reimbursement agreement.Such contracting city may thereby obligate itself to reimburse theUnited States of America such portion of the cost of such storage anddistribution facilities including interest thereon, as may be determined bysuch city and the United States of America to be allocable to the municipalwater supply furnished. Such contract for reimbursement may extend oversuch period of years as is permissible under applicable federal laws andregulations and as shall be agreed to by the governing body of such city.

      History:   L. 1957, ch. 239, § 2; March 18.