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sTATE aF �a�,a�r�o <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Shr.rm.cn Stmrt, Ruom 721 <br />Denvcr, ColnraQa 802Q3 <br />Phonc: (3U3) 8b6-3�41 <br />FA:C: (303) 366-!bd74 <br />www.c�vcb.siatc.cu. us <br />MEMORANDUM °'u°"'"'S <br />Govcrnor <br />Grcb E. Nalcher <br />TU: Colorado �Vater Conservatiot� Board 1�iembers Lxocutive Dircaor <br />FROM: � Dan McAuii f'fe �q > Itod Kuharich <br />DATE: January 23, 20� ���""' yvD�`-�.-f'�(=�U� , Q � _� cwca D�xcc�or <br />RE: Agenda ltem 15(a) -- Western Area Power Administr�t ` <br />Dan NicAulifl'c <br />—�I1tCCeSt �}1�C� Collateral and Term Uepury Dir�rtor <br />l3ackground <br />Public Law 106-392 atitltorizes the Bureau of Rcciamation to construct ca�ita! projects <br />associatcd with the, Upper Colorado and San .fuan Rivcr Endangered I'is}i Recovery Pro�;rams. <br />Thc law authoriies: <br />(1) the Secretary to accept contributed funds from Colorado, Ncw ylexico, Utali, aT�d Wyoming, <br />or palitica[ subdivisions or orgunizations thereof, pursuant to a�rcements that provide for the <br />contributions to be used for capital project costs; <br />(2} the Secretary and the Secretary of Energy, acting through the �Vestern Area Power <br />,Administration, to utiliie for such projects power revenues coltected pursuant to thc <br />Colorado River Storage Project Act; and, <br />�3) tlte Secretary to utilize such po�ver rcvenues for the an�tual base fi�nding contributions to the <br />programs by the Bureau for a specified period. Reqitires the Secretary to report to che <br />�ppropriatc congressionai committccs on the uti�ization of such po�vcr revenucs. <br />Scction 3(c) (2) of ti�e Act also specifically authorires po�ver revenues co![ectcd pursuant to the <br />: RS�' Act to be used as a sourcc of fimdin� .for the capital construction projecis of the two <br />z•ecovery pro�rams: <br />(2) In �tddition to the cotilribution dcscribed in �arabraph (1), the Secretary of Energy, <br />actin�; through the �Vestern Arca Po�ver Administration, and the Secretary of the Tnter�or, <br />acting through the Bureau o# RecIamation, ttiay utilize power rcvenues collccted pursuant <br />to the C=olorado River Stora�e Project Act to carry out tl�e purposes of this subsection. <br />Sucft fv►ids shal[ be treated as reimbursable casts assiancd to po�ver for repayment under <br />section 5 of the Colorado River Storage Project Acf. This additiotta[ contributio�t shall �ZOt <br />e.cceed $17,000,000. Such funds sliall be considered a non-Federal contribution for the <br />pu�oses of this Act. The funding authori�cd by this paragt~aph over any 2-fiscal-year <br />