C150064 approval letter

• Contract/PO #: C150064
• Contractor Name: Western Area Power Administration, U.S. Department of Energy
• Contract Type: Loan
• Water District: 0
• County: Statewide
• Loan Projects - Doc Type: Approval Letter

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STATE �F COL
Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
www.cwcb.state.co.us
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MEMORANDUM
T(�:
FROM
DATE:
RE:
Colorado Water Cunservation Board Members
Dan McAuliffe ��
January 23, 2001 '�`
Agenda Item 6(a) -- Western Area Power Administration Loan —
Interest Rate, Collateral and Term
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Bill Owens
Govemor
Greg E. Walcher
Executive Director
Rod Kuharich
Director
Dan McAulif�e
Deputy Director
Background
Public law 106-392 authorizes the Bureau of Reclamation to construct capital projects
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associated with the Upper Colorado and San Juan River Endan�ered Fish Recovery Probrams.
This authoritv is terminated in Fiscal Year 2005 and 2007, respectively, and limits to $100
million t}:e total costs of such proj�cts.
The bill aiso authorizes:
(1) the Secretary to accept contributed funds from Colorado, New Mexico, Utah, and Wyoming,
or political subdivisions or organizations thereof, pursuant to agreements that provide for th�
contributions to be used for capital project costs;
(2) the Secretary and the Secretary of Energy, acting through the Western Area Power
Administration, to utilize for such projects power revenues collected pursuant to the
Colorado River Storage Project Act; and,
(3) the Secretary to utilize such power revenues for the annual base funding contributions to the
programs by the Bureau for a specified period. Requires the Secretary to report to the
appropriate congressional committees on the utilization of such power revenues.
Section 3(c) (2) authorizes power revenues collected pursuant to the CRSP Act to be used as
a source of funding for the capital construction projects of the two recovery programs:
(2) In addition to the contribution described in paragraph (1), the Secretary of Energy,
acting through the Western Area Power Administration, and the Secretary of the Interior,
acting through the Bureau of Reclamation, may utilize power revenues collected pursuant
to the Colorado River Storage Projeet Act to carry out the purposes of this subsection.
Such funds shall be treated as reimbursable costs assigned to power for repayment under
section 5 of the Colorado River Storage Project Act. This additionai contribution shall not
exceed $17,000,000. Such funds shall be considered a non-Federal contribution for the
F(ood Protection • Water Project Planning and Financing • Stream and Lake Protection
Water Supply Protection • Conservation Planning