(a) The ownership and full cost pricing limitations of this subchapter and the ownership limitations provided in any other provision of Federal reclamation law shall not apply to lands in a district which are held by an individual or corporate trustee in a fiduciary capacity for a beneficiary or beneficiaries whose interests in the lands served do not exceed the ownership and pricing limitations imposed by Federal reclamation law, including this subchapter.(b) Lands placed in a revocable trust shall be attributable to the grantor if-(1) the trust is revocable at the discretion of the grantor and revocation results in the title to such lands reverting either directly or indirectly to the grantor; or(2) the trust is revoked or terminated by its terms upon the expiration of a specified period of time and the revocation or termination results in the title to such lands reverting either directly or indirectly to the grantor.Pub. L. 97-293, title II, §214, Oct. 12, 1982, 96 Stat. 1270; Pub. L. 100-203, title V, §5302(b), Dec. 22, 1987, 101 Stat. 1330-269.EDITORIAL NOTES
REFERENCES IN TEXTFederal reclamation law, referred to in subsec. (a), is defined in section 390aa of this title.
AMENDMENTS1987- Pub. L. 100-203 designated existing provisions as subsec. (a) and added subsec. (b).