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<br />000G88 <br /> <br />On the other hand, DOl should seek the most appropriate source fOr water.to be <br />transfem:d, exchang~ leased. or sold Without regard to preseDtly available supplies <br />fiom Federal projects..' ., .' <br /> <br />. . . <br /> <br />Pria~iple 6. One arDOrs objectives will be to ensure that the Federal govemnieot is in an <br />acceptable 6nancial, operational, and contractual pOsition followirigaccomplishment of a <br />transaction under this policy. Unless required' explicidy by existing law,coDtracts, or reguIadons, <br />DOl willreftain ~ID burdening the tr8nsaction with additional costs, feeIt or cbarps, except tbr . <br />those costs actually incurred by 001 in performance of its fimctiODS in a partiCuJar.traDsadioD. <br /> <br />CriteriOn: The financial terms negotiated between entities do DOt concem DOL <br />. . . <br /> <br />Repaym~ subsidies.~ with _ .()riginal type:.ofuse orthe ~ &Ie DOt . <br />. .transfei'abletQ adi~t"tjpe of use ofthc WilB..J":. <br /> <br />. .. <br />Exchanges cannot resU1t ill a reduction. in .the )Xesent.WOJ1h olthe Outstandma <br />:Ob.JiptiODSremainingtoberepdd1O~,F~~. ....... <br /> <br />lithe proposed exchange Would in~oJVeibe ~ecudOD.of a ~Dtr.:fwitb a..... .. <br />eDti~, that.entity must have suffici_ i~. authOritY. to ~.'~:sUch a contJact.aDd <br />,beabie to' perronn all functioos required by the ccmtlact. :.. ' . . <br /> <br />. Any. additional Costs associ8ted 'Yitb.the transfer.shaD be ~ or repaid in a. <br />manner negotiated by the entitieS involved. <br /> <br />Guidalr.e: A distinction niuSt be ma.cJe between financial termS between the entities proposiDg-the <br />. exchange and Federal repa~ consideratiODS associated With the water. Financial <br />tenDs between the nOn-Federal entities are extraneous to the repayment cOusideratiODS <br />discussed herein. ' <br /> <br />(a> The costs or subsidies associated with the orl~nsI use are not transferable to a <br />diffelent "USe of the water. <br /> <br />(b) A change in use from inigatioil to municipal BDd industrial purpose ~d require a <br />change in the rep8ynu:ntof costs to include interest cimini construction and interest on <br />investment,. but only to the extent oftbe remaining yeais in the payout periOd. IUs DOt <br />the intent of this. water transfer policy to recover subsidies originally allOcated to that <br />blQCk of transferred wateI- during the time it served the irrigatio~ purpOse. <br />A short-term transfer should recognize the repayment of the. appropriate cost, with the <br />rePayment in~t rate, calculated for the year of1he transfer, after which the <br />irrigation rate Would be reestablished. <br /> <br />9 <br />