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<br />'01' tile il.EfecterJ ditches in the TrinirJad areD.
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<br />^cC'ordingly,
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<br />~e:~otjations proceeded on both fronts.
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<br />IX. HEPAYHENT CONCEPT
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<br />The Congress in authorizing the project recogni~cd
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<br />tl...at even the substantial benefit::; which would be crc.:Jled b.v
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<br />the project operation would not create slich an improved '"'~l:llcr
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<br />supply that repayment of the irrigation featurp.s of the project
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<br />cost could be made \.Jithin the tradition.:!.l fifty years provided
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<br />hy rec Inma t ion l<.lw.
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<br />As a result, the autlJori~in~ le:~lslntion
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<br />expanc:!ec..l the J:epayment period to a seventy-ye.ar term.
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<br />y,)orh i.ng
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<br />'-'lith'i.n tllc context of this repayment period and with the variable
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<br />repayment concepts authorized by Federal L1W, the Bureau oE
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<br />Reclamation and the district developed a repayment plan \.}hich
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<br />may b~ unique.
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<br />While the district is obliGated to P^y il 'total
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<br />sum hy the end of the seventy-year term, the <innual p<!.ymentto
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<br />required of the district to the United States varied ,1ccording
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<br />to U.,JO bas ic variables.
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<br />The first variable and most critical in
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<br />this area is the adequacy of the water su!,ply to procluce gross
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<br />cash v~lues on the farms.
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<br />The second varL:lble is the traJitional
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<br />parity
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<br />As a result in a year where it is determined
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<br />that the water supply is a 100% of the crop requirements an,1 the
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<br />parity ratio for that year is 100%, the District will be obligated
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<br />to pay Ln the neighborhood of $145,000.00,
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<br />On the other hand,
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<br />in Cl. yeRr \.,Jhen tbe water supply is determined to be 7S~/g or less
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<br />of the crop ref'luirernents, the District is not obli:;ated t.o P.::!'{
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<br />;lnythin~ on the repayment obligation althOUGh the district's
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<br />federal operation, maintenance and repl3cement chctrge 't.,Jill continue
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<br />each :ve2 r.
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<br />With this flexihility it has hee~ cnlcul~te(] tllat the
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<br />district I 5 total repayment obligation can be discharged v.'ithin
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<br />tile period of seventy-years although there Inay Ile as rnn:lY as IS
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<br />)'e.1l"s uUl"in;.; that term when no payment is made ULl ~lCCOUnt or
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<br />repaYlnent obligation because of the inadequacy of tile w~1t-er supply.
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