B-135232, JUN. 11, 1958
Highlights
WHICHEVER IS EARLIER. YOU ARE AUTHORIZED TO MAKE PAYMENTS TO THE ORGANIZING COMMITTEE NOT TO EXCEED THE ESTIMATED REQUIREMENTS FOR DISBURSEMENTS FOR THE ARENA CONSTRUCTION COSTS FOR A TWO-MONTH PERIOD FROM THE DATE OF THE REQUEST. THE SUPERVISING ARCHITECT MUST CERTIFY THAT IN HIS PROFESSIONAL OPINION THE REQUEST IS REASONABLE. A COPY OF THIS LETTER IS BEING TRANSMITTED TO THE ORGANIZING COMMITTEE.
B-135232, JUN. 11, 1958
TO THE SECRETARY OF DEFENSE:
THE URGENT DEFICIENCY APPROPRIATION ACT, 1958, PUBLIC LAW 85-400, APPROVED MAY 14, 1958, 72 STAT. 108, 109, AUTHORIZES $3,500,000 TO BE TRANSFERRED FROM ANY DEFINITE ANNUAL APPROPRIATIONS AVAILABLE TO THE DEPARTMENT OF DEFENSE FOR THE FISCAL YEAR 1958 TO A NO YEAR APPROPRIATION FOR THE CONSTRUCTION OF A SPORTS ARENA AS AUTHORIZED BY THE ACT OF APRIL 3, 1958 (PUBLIC LAW 85-365) 72 STAT. 78. IT ALSO PROVIDES THAT NO PART OF SUCH AMOUNT MAY BE EXPENDED UNTIL AN AGREEMENT HAS BEEN ENTERED INTO BETWEEN THE UNITED STATES AND THE STATE OF CALIFORNIA, OR ITS AGENT, PROVIDING FOR THE MAINTENANCE BY THE STATE OF CALIFORNIA OF THE UNITED STATES' LANDS UNDER LEASE TO THE STATE OF CALIFORNIA IN THIS AREA, THE ARENA, AND OTHER FACILITIES CONSTRUCTED THEREON AND PAYMENT TO THE UNITED STATES OF A REASONABLE SHARE OF THE INCOME DERIVED FROM THE USE OF THESE LANDS, ARENA, AND FACILITIES AFTER THE COMPLETION OF THE VIII OLYMPIC WINTER GAMES OR APRIL 1, 1960, WHICHEVER IS EARLIER. THE AGREEMENT REQUIRED BY PUBLIC LAW 85-400, HAS BEEN ENTERED INTO BY THE PROPER PARTIES; AND A SIGNED COPY HAS BEEN FORWARDED TO THIS OFFICE.
ACCORDINGLY, UPON REQUEST FROM THE ORGANIZING COMMITTEE, VIII OLYMPIC WINTER GAMES, SQUAW VALLEY, CALIFORNIA, U.S.A. 1960, INCORPORATED, YOU ARE AUTHORIZED TO MAKE PAYMENTS TO THE ORGANIZING COMMITTEE NOT TO EXCEED THE ESTIMATED REQUIREMENTS FOR DISBURSEMENTS FOR THE ARENA CONSTRUCTION COSTS FOR A TWO-MONTH PERIOD FROM THE DATE OF THE REQUEST. THE REQUEST MUST SHOW THE ESTIMATED DISBURSEMENTS FOR "MATERIALS," "LABOR," "ARCHITECTS FEES," AND "OTHER," FOR THE TWO MONTH PERIOD. THE SUPERVISING ARCHITECT MUST CERTIFY THAT IN HIS PROFESSIONAL OPINION THE REQUEST IS REASONABLE. AFTER THE FIRST REQUEST ALL SUBSEQUENT REQUESTS SHALL, IN ADDITION TO THE ABOVE, SHOW TOTAL ADVANCES TO DATE, TOTAL DISBURSEMENTS, CASH ON HAND AND ADDITIONAL CASH NEEDED TO FINANCE THE ENSUING TWO-MONTH PERIOD.
A COPY OF THIS LETTER IS BEING TRANSMITTED TO THE ORGANIZING COMMITTEE, VIII OLYMPIC WINTER GAMES, BY LETTER OF EVEN DATE.