MoA for Implementation and Operative of PRRIP

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submitted to the PRRIP Gavernance Committee in Ociobcr of each year. Thc Operating Commiucc witl annually dcvclop a draft of this plan for consideraticm and approval by DNR and SPWRAP prior to August 1 of each ycar. c. F'inancial Obliga?ions to YCZIZIP Colorado's cash obligatian to PRRIP is anticipatcd to be approximatcly $24,000,000 in ?QOS doilars ovcr the cantcmplatcd thirtccn ycars of the First (ncremcnt. In addition, C'olorado lias obligations under the PruLyram to ra regulate river flows at the state line which tivill cntail additional costs. If the First Incremcnt is crtcnded, it is probable ihat Colorado will have additianal raonctary obligations, howcvcr, thc amount of such obligations cannot yct bc cstimatcd. ii The Operating Comntittce will dcvelop a budget that will identify, to the extent possiblc, all af the costs involved in meeting Goloracio's PRRIP obligatiuns, the timc-fi-amc within which each of those obligations wilt be met, ancj the minimtun fiinding rcyuirrrncnt for cach ycar of the PRItIP. A prcliminary estimatc of the total cost of mceting all PltR1P obligations is attached hereto as Exhibit A. This estiiiiatc will bc furlher developed and retined by the Operating Committee. iii '1'he Partics acknowlcdbe that financial obligations of Colorado payabte after the curreiit tiscal year are contingent upon Cunds for that purpwse being appropriated, hudgcted, and otherwise nlade available. Because Colorado dacs not havc availablc at tliis time the entirc amount of n}oiiey needed ta meet PRRIP obligations, and because fiuidiiiu for the PK[2II' in the future remains uncertain, SPWIt11P anci llhrit ezgrec that I?NR will seek funding through the Icgislativc process iu cach ycar ftirther appropriations are necessary, aud where practical to do so, SPWRAP and its membcrs witl support llNR's cfforts through legislative contacts. A timc-line describing the state budget process ancl relevant deacilines is attached herato as Exhibit B. Cach ycar the Opcrating C'ornmittcc will updatc its cstimatc a('the miilimum liuiding requircmcnt based an the circumstances at the time. Each year the Partics will agree upon the amount of funding to be reyucsted from the legislaturc, which amount could be grcatcr or less than the minimum funding reyuircment for that year. iv in the evcnt suf'ficient fimds are not made available by the l..egislature to meet the minimum funding rcyuircmcnt in a givcn ycar, DNR will notify SPWRAP in writing as to the amount of the shortfall, and SI'W}tAP agrccs to usc: its best effarts to pay such shortfa(ls. SPWRAP contemplates raising this money through fee assessmcn(s paid by its mcmbcrs. Thc amount of moncy kcpt in reserve by SPWRAP for mccting shortfalls will bc dctcrmincd by SPWRAP in ics discretio?z after consu(tation with DNR. In the event it becomes 4 SPWRAP-I)NR MoA I 1-V4-136