; (5) the Upper Colorado River Basin Compact as consented to by the Act of April 6, 1949 (63 Stat. 31); (6) the Act of April 11, 1956 (commonly known as the Colorado River Storage Project Act ) ( 43 U.S.C. 620 et seq.); (7) the Colorado River Basin Project Act ( Public Law 90–537 ; 82 Stat. 885); or (8) any State of Wyoming or other State water law. 3302. Pricing of water storage contracts Section 7 of the Flood Control Act of 1944 ( 33 U.S.C. 709 ) is amended— (1) by striking such regulations: Provided , That this section and inserting the following: those regulations. (2) Exception This subsection ; and (2) by striking the section designation and all that follows through It shall be the duty of the Secretary of the Army to and inserting the following: 7. Water storage (a) Pricing of contracts (1) In general Subject to paragraph (2), the Secretary of the Army shall price each water storage contract entered into by the Secretary at fair market value. (2) Fair market value requirement For purposes of paragraph (1), the fair market value of a water storage contract shall not exceed 110 percent of the lowest-contracted price at any facility of the Corps of Engineers located within 50 miles of the water source covered by the contract, as adjusted for inflation. (b) Flood control and navigation (1) In general Except as provided in paragraph (2), the Secretary of the Army shall . 3303. Report on water supply contract, Wright Patman Lake, Texas Not later than June 30, 2019, the Secretary shall submit to Congress a report on the status of the implementation of the water supply contract, Department of the Army, Civil Works Contract No. 29–68–A–0130, at Wright Patman Lake, Texas, that— (1) describes the accomplishments or failures relating to the implementation of that contract at Wright Patman Lake; (2) identifies— (A) the activities that the Secretary expects to be necessary to complete the execution of the contract; (B) the expected completion date for each activity identified under subparagraph (A)