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<br />01/07/97 19:59 <br /> <br />'5'202 208 4021 <br /> <br />WASHINGTON USBR <br /> <br />I4J 003/014 <br /> <br />'.' <br /> <br />- <br /> <br />. <br /> <br />'-...' <br /> <br />The Colorado River Storage Proj~t (project) is a basinwide program of development and <br />use of water resources of the Upper Colorado River and is one of the most complex and <br />extensive river resources developments in the world. The Project was authorized by the <br />Colorado River Storage Project Act of Aprllll, 1956 (P.L. 84-485). <br />. . <br /> <br />The Project includes the drainage are<a of the Upper Colorado River Basin, encompassing <br />parts of Wyoming, Utah, Colorado, Arizona, and New Mexico, which covers about one- <br />twelfth of the continental area of the United States. The storage units (Glen Canyon Dam, <br />Flamin: Gorge Dam, Navajo Dam, and the Wayne N. Aspinall Unit dams) equalize the <br />erratic flows of the Colorado River and its main tributaries. so that water delivery <br />commitments to the Lower Basin States---California, Arizona, and Nevada--can be met even <br />in years of low inflows. The remaining water in the Upper Basin can then serve the needs of <br />farmers, municipalities, and industries. Delivery of water to consumers in the Upper Basin is <br />accomplished through the participating projects. <br /> <br />The Colorado River Storage Project Act of Aprllll, 1956 (p.L. 84-485), states in Section 6 <br />th3.t the Secretary of the Jnterior shall report to the Congress the status of revenues from, and <br />the cost of, constructing, operating, and maintaining the Colorado River Storage Project and <br />the participating projects. Four exhibits are enclosed which provide this information: <br /> <br />......-..' <br /> <br />Exhibit 1. <br /> <br />The Comparable Consolidated Balance Sheet gives the assets, liabilities and <br />equity of the U.S. Government in the Project. <br /> <br />Exhibit 2. <br /> <br />The Income and Exnense Summarv shows the cost of operating and <br />maintaining the Project. <br /> <br />Exhibit 3. <br /> <br />The Allocation of Federal Investment summarizes the allocation of total <br />estimated costs for all authorized purposes. <br /> <br />! <br /> <br />Exhibit 4. <br /> <br />The Historical and Proiected Rep~ment Study details the historical and <br />projected repayment of the authorized reimbursable investment in the Project. <br /> <br />. <br /> <br />""-,, <br />