FULL-COST RATE (USBR)

An annual rate as determined by the Secretary of the Interior that shall amortize construction expenditures that are properly allocable to irrigation facilities in service, including all operation and maintenance deficits funded, less payments, over such periods as may be required by reclamation law or applicable contract provisions, with interest on both accruing from October 12, 1982, on costs outstanding at that date, or from the date incurred in the cast of costs arising subsequent to October 12, 1982.