Missouri River Basin, Middle Loup Division Facilities Conveyance Act

[AI summary unavailable — showing source text] Missouri River Basin, Middle Loup Division Facilities Conveyance Act - Directs the Secretary of the Interior to convey the Sherman Reservoir, Milburn Diversion Dam, Arcadia Diversion Dam, related canals and other related lands, water rights, acquired land, distribution and diversion facilities, contracts, personal property, and other U.S.-owned associated interests (the Project) to the Farwell Irrigation District, the Sargent Irrigation District, and the Loup Basin Reclamation District (the Districts) in consideration of payment to the Secretary: (1) by the Districts, of an amount not to exceed $3 million; and (2) by the Western Area Power Administration, of $2 million. Requires such conveyance be made concurrently with the making of the payment by the Districts, but the payment by the Western Area Power Administration shall be made from capacity and energy charges at Pick-Sloan Missouri Basin Program firm power rates received in FY 1999 or any subsequent fiscal year in which the amount of power sale revenue received exceeds the amount of interest and operation and maintenance obligations of the Western Area Power Administration by at least $2 million, to the extent of the excess. …