Salt Lake Telegram | 1930-04-02 | Page 11 | Smoot Introduces Bill to Give State Additional Land Grant

i Smoot Introduces Bill to Give State Additional Land Grant . Benalor Reed Bmoot Introduced a t kill In Ih I'nitrd Bialea eeaata efucsday asking for an additional land grant af IM.a acrea for Utah. Tha land would ba aold and the proceeds used lo replenish the atale reservoir fund, which la Mil, overdrawn at the .present time. Tha original Utah reservoir grant of loa.MM acre, granted ta tha atat al Ilia time of etalahood, haa bran aold. It netted tha atat I1.II0.0 plua Intereat. Tha reservoir fund waa nepl malnle In tw place llatchtawn nd ritlta. Tha atata loat IIII.OO Inveated In tha Hatchtown atat reclamation project whea the llatrhlown dm went aul In 1914. Tba atata haa Invested 1 1. In Ih lint reeervolr. In IKI It turned thla reeervolr over to lb I'lute rteservelr company for II. I ln nd retained one-third Intereat In-tereat In tha protect. In ll th legislature changed tha contract, reducing tha a mount owed by tb Piute company to 4tl.t(rt. The its la reeervolr fund alaa ha 1441.00 coming from tho Central Utah Water company, which la aaklng for a refinancing plan. Tha alata lead board polnia aul that tha reclamation eervlc la right now preparing to write off had Inveelmente made ' la trrlgatloa pro J eels In tha west. Tb state reeervolr fund ban about I20,oa out la Intereat paying accounts.