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<br />/' <br /> <br />< <br /> <br />With this, in mind, the study shows that aufficient revenues are in <br />prospect to repay reimbursable project costs in accordance with terms <br />and criteria set forth therein. <br /> <br />The studies are based on the follOWing repayment principles: <br /> <br />1. Interest rates for the return of commercial power investment <br />would be as follows: <br /> <br />(a) Investments in existing facilities constructed by the <br />Corps of Engineers and Bureau of Reclamation, alike, <br />would return three percent interest trom the date of <br />investment to June 30, 1964. <br /> <br />(b) Unpaid balances as of June 30, 1964, of. investments in <br />facilities constructed by the Corps of Engineers would <br />return 2~ percent interest after that date. <br /> <br />(c) Investments in existing facilities constructed by the <br />Bureau of Reclamation and authorized facilities of the <br />general comprehensive plan on which construction has <br />not yet commenced would return 3 percent interest. <br /> <br />2. Investments in commercial power and municipal and industrial <br />water supply will be returned with interest within 50 years <br />after individual projects, either partly or wholly for <br />production of commercial power and/or municipal and industrial <br />water, become revenue prodUCing. <br /> <br />3. Irrigation repayment assistance associated with units or <br />divisions built or under construction, as of June 30, 1964, <br />will be returned without interest as soon as possible after <br />completion of commercial power payout, and will be accomplished <br />before any power revenues are utilized for repayment of irriga- <br />tion assistance associated with units, divisions, or irrigation <br />blocks for which construction will not have been initiated on <br />June 30, 1964. <br /> <br />4. Irrigation repayment assistance associated with units, divisions, <br />or irrigation blocks on which construction will not have been <br />initiated on June 30, 1964, will be repaid within 50 years <br />plus permissible development period after such unit, division, <br />or irrigation block becomes benefit producing for irrigation. <br /> <br />Irrigation investment costs cover three distinct types or classifications <br />of physical works. They are: (1) specific facilities for regulation, <br />conveyance, and distribution of water to ir~i~able lands; (2) regulatory <br /> <br />5 <br /> <br />