TeachMeFinance.com - explain Repayment contract
Repayment contract The term 'Repayment contract ' as it applies to the area of agriculture can be defined as ' A contract between a water userís organization and the Bureau of Reclamation by which the organization obligates itself to repay a share of the reimbursable construction and other costs (not all construction costs are reimbursed by water users) of a Bureau project in installments determined in accordance with reclamation law in exchange for delivery of water'.
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