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4. Program Assets - Subject to the provisions in Section III, those assets acquired <br />through the Cash Contributions of the signatories are considered Program Assets for <br />purposes of this Attachment 1. Program Assets include, but are not limited to, land <br />interests acquired through fee title, easements, or leases to the extent such easements and <br />leases survive Program termination. Program Assets also include water interests and <br />projects acquired through project construction or leases to the extent such leases survive <br />Program termination. While the water from the three initial Program water projects and <br />the use of Cottonwood Ranch and Deer Creek lands are considered Cash Equivalents for <br />purposes noted in Section I.B.3 above, the projects and lands are not Cash Equivalents or <br />Program Assets for purposes of determining a Signatory's Share of Program Assets as <br />provided in Section I.B.S below and those projects and lands are not subject to <br />disposition by the Governance Committee. Neither Program dissolution nor withdrawal <br />of a signatory party will have any impact on the ownership of any such projects or lands <br />nor will it have any effect on the rights of the state where the project or land is located, or <br />of entities within that state, to administer the project or land in accordance with <br />applicable law. <br />5. Signatorv's Share of Program Assets - Each signatory's respective share of the <br />Program Assets will be equal to that signatory's total cash contributions at the time of <br />Program dissolution compared against the total Cash Contributions made by all of the <br />signatories at the time of Program dissolution For example, if Signatory A has made <br />Cash Contributions totaling $3M to the Program and all of the signatories, including <br />Signatory A, have made cash contributions totaling $100M to the Program at the time of <br />dissolution, Signatory A would have an interest in 3% of the Program Assets. <br />II. CREDITING UNDER THE PROGRAM <br />The following table depicts the Cash Contributions and Cash Equivalent Contributions that will <br />be provided by the DOI and the states during the First Increment of the Program: <br />Program Contributions <br />values in millions of dollars I/ <br />Contributionsl/ Total DOI States Descri tion <br />Cash 187.14 157.14 30.0 Colorado - 24.0; W omin 6.0 <br />Cash E uivalents <br />Land 10.0 10.0 Cottonwood Ranch/Deer Creek Lands <br />Water 120.19 120.19 Water from three initial ro'ects <br />Total 317.33 157.14 160.19 <br />1/ All contributions are valued at January l, 2005, cost levels. Proposed legislation will provide for <br />indexing to account for inflation.