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<br />o <br />r- <br />...., <br />- . <br /> <br />N <br />C <br /> <br />-s. <br /> <br />2) extend the 'ilbsorption per10d i"o1' the Dhtr10t f1l'Oll1 <br />3 yesre to 15 yeers beginningi th .Tuno 1, 1940, on 8 <br />sohe~Jle which increased the con~ntion i"rom <br />6'31.600,000 kilowatt honrs in 1940-!,l. to 1,435, ::'00,000 <br />kilowatt hours in 1954-55; <br /> <br />3) extend fll!I for ths Burecm th\l repayment ;ler1o/! on the <br />senmr2.t1ng mllchiner.n <br /> <br />"hile the D.I. str1 ct agreed <br /> <br />1) to ptJY for 1"1:rm energy actually taken any year at the <br />rate for fim en.'!l1'?,y then in e:!'1'sct for any amount not <br />in eXCElee of its origine.l oontraot obUgs.tion; <br /> <br />~) pay the total of differanee bet',ceen its or1gind end its <br />modi f1 ed oblip:ation for N = enerF:Y in equ!Jl ennuI:.! <br />installments beginning :Tune I, 1956, ~nd entHng on .Tune I, <br />19l'l7, interel!t to be pefd on the balance of' "'Ouch unpaid <br />differenoes :!'rom .Tune I, 1939, at tho rate t'len currentlT <br />llharged the Colorl3do Ri1Ter Dam fund; <br />" <br /> <br />3) make such eddit10nal payments ,"s the Secretary required <br />to cover the D1 str1 ot' s proportion81. perl of the coet of <br />operating Boulder Dem Ill'ld in01dentl'!1 mrlts (exotl])t the <br />;>ow8r -plant) 9nd thuE seve p11 other contrectors :l'l'OllI the <br />nece!ldty of paTing mol'''' then th,., elltebUn-l,wd rates 1'01' <br />the anBrgy purchased by than. <br /> <br />It will be noted th8t neither of these propose-Is contdns <br /> <br />any reference to reduetion in intere8t rate~; or to reduotion for the <br /> <br />r.'te for Nm t'lne~. At the Sonta Fe conference the st"tes of the <br /> <br />1Jpper Basin learned 1'or the :first tim9 tl'u-,t it had be911 ~\gre9C: thet <br /> <br />Ar1z~na and Nevadn ,,"re each to be paid $300,000 ...nnu81.ly" for their <br />>'ldherenc. t:> the proposals in lieu of 18-;V4~ of t'.,e I"'.1rplu8 contemplated <br /> <br />by the Act and that the Bureau would offer to p&TMoo.ooo !1lJllYally ill <br /> <br />lieu of the so-oelled Basin Fund for whlc~ the Act had provided, i~~ <br />, <br /> <br />learned .'Olso, th"t it wee the contention of' the Bureau .~1!t contracts <br /> <br />involvln;; reduction of the 1nter~st r/)cte :mc1 reduction of tl]" price of <br /> <br />fiI')ll energy- could be executed by the Secretery. <br /> <br />Under d.llte of May 16, 1938. tl]e Governors of the U}lper Baetn <br /> <br />8tate~ prote!'lted to the S,,",cretnry, tr~ the o::'iginl.'l oontreets heving <br /> <br />been exeeuted as required by the Act, he had no po',"er to nlter their <br />