PUBLIC LAW 106-512—NOV. 13, 2000 114 STAT. 2379 also pay interest on the adjusted net present value of current repa3anent obligations from the date of the State's most recent annual payment until closing at the interest rate for constant maturity United States Treasury notes of an equivalent term. (b) OBLIGATION EXTINGUISHED. —Upon payment by the State under subsection (a), the obligation of the State and the Bureau of Reclamation under the Bureau of Reclamation Contract No. 14-06-500 -1880, as amended shall be extinguished. After completion of conveyance provided for in section 3, the State shall assume full responsibility for all aspects of operation, maintenance and replacement of the Project. (c) ADDITIONAL COSTS. —The State shall bear the cost of all boundary surveys, title searches, appraisals, and other transaction costs for the conveyance. (d) RECLAMATION FUND. — A ll funds paid by the State to the Secretary under this section shall be credited to the Reclamation Fund in the Treasury of the United States. SEC. 5. FUTURE MANAGEMENT. (a) IN GENERAL.—As a condition of the conveyance under section 3, the State shall agree that the lands, water, and facilities of the Project shall continue to be managed and operated for the purposes for which the Project was originally authorized; that is, to provide a dependable municipal and industrial water supply, to conserve and develop fish and wildlife resources, and to enhance recreational opportunities. In future management of the Project, the State shall, consistent with other project purposes and the provision of dependable municipal and industrial water supply— (1) provide full public access to the Project's lands, subject to reasonable restrictions for purposes of Project security, public safety, and natural resource protection; (2) not sell or otherwise dispose of the lands conveyed under section 3; (3) prohibit private or exclusive uses of lands conveyed under section 3; (4) maintain and manage the Project's fish and wildlife resource and habitat for the benefit and enhancement of those resources; (5) maintain and manage the Project's existing recreational facilities and assets, including open space, for the benefit of the general public; (6) not charge the public recreational use fees that are more than is customary and reasonable. (b) FISH, WILDLIFE, AND RECREATION MANAGEMENT.— AS a condition of conveyance under section 3, management decisions and actions affecting the public aspects of the Project (namely, fish, wildlife, and recreation resources) shall be conducted according to a management agreement between all recipients of title to the Project and the Texas Parks and Wildlife Department that has been approved by the Secretary and shall extend for the useful life of the Project. (c) EXISTING OBLIGATIONS. —The United States shall assign to the State and the State shall accept all surface use obligations of the United States associated with the Project existing on the date of the conveyance including contracts, easements, and any permits or license agreements.
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