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<br />~ <br />~ <br />r: <br />C <br /> <br />1 states shall pay the excess, with interest as above provided, to <br /> <br />c <br /> <br />2 said Oper~ting Agent on the first day of July next follo~dng or <br /> <br />3 as soon thereafter as funds are ~vailable therefor; provided, <br /> <br />4 that if at any time during such year of operation it shall <br /> <br />5 appear to the Director t.l1E.t the aggregate of such advance <br /> <br />6 payments theretofore made will probably exceed the aggregate of <br /> <br />7 the amounts to becone due from such Operating Agent to the United <br /> <br />8 States during the remainder of such ye2,r of operation, as payments <br /> <br />9 for energy in its capacity as contractor for electrical energy, <br /> <br />10 the United States may make immediate payment to such Operating <br /> <br />11 Agent of such excess, with interest as above provided. <br /> <br />12 <br /> <br />(i) Accounts of costs incurred by the Operating <br /> <br />13 Agents hereunder shall be kept in accordance with the system of <br /> <br />14 accounting prescribed in rules and regulations duly promulgated <br /> <br />15 by the Secretary. <br /> <br />16 <br /> <br />(j) On or before March 1 of each year, each Opera- <br /> <br />17 ting hgent shall submit to the Secretary an estimate of costs which <br /> <br />18 it expects, during the following year of operation, to incur in the <br /> <br />19 operation 2~d maintenance of its portion of the Boulder Power Plant, <br /> <br />20 l'.nd in the making of replacements thereof; provided that such esti- <br /> <br />21 mate for the year of operation commencing June 1, 1941, shall be <br /> <br />22 submitted as soon as practicable after the commencement of the term <br /> <br />23 of the agen~ as provided in Lrticle 15 (d). <br /> <br />24 <br /> <br />(k) Either Operating i.gent may, in its discretion, <br /> <br />25 apply to the Director for the advance approval of any item or items <br /> <br />26 of expenditure or of obligation proposed to be made or incurred by <br /> <br />Z7 such Operating Agent in the performance of its duties. Credit shall <br /> <br />28 not be denied to either Oper2,ting Agent for any item 'l'lbich sh.?ll have <br />