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power costs and its municipal water costs, and interest on its own power and <br />municipal water investments; <br />7. that after all the costs of (6) are paid from the revenues of that participating project, <br />if there are excess revenues remaining in the Basin Fund that were produced from <br />its own power and /or municipal water facilities; those excess revenues are credited <br />with the Basin Fund for use within the State wherein the project is located before <br />the percentage apportionments to the States of (5) above are applied; <br />8. that excess power revenues credited within the Basin Fund to State "A" may be <br />used for repaying costs of irrigation projects only within State "A," and may not be <br />used within another State unless appropriate consent of State "A" is obtained; and <br />9. That business -type budgets must be submitted each year to the Congress. (Italics <br />in original.) <br />Congress has passed legislation since 1956 that authorizes additional uses of the <br />monies in the Basin Fund. In 1974, Congress passed the Colorado River Basin Salinity Control <br />Act (Salinity Control Act). Section 205(d) of this act amended Section 5(d) of the CRSP Act by <br />adding a new paragraph (5) at the end of Section 5(d). That new paragraph reads as follows: <br />(5) the costs of each salinity control unit or separable feature thereof, the costs of <br />measures to replace incidental fish and wildlife values foregone, and the costs of the on- <br />farm measures payable from the Upper Colorado River Basin Fund in accordance with <br />sections 205(a)(2), 205 (a) (3), and 205 (c) of the Colorado River Salinity Control Act. <br />Public Law 98 -569, amending the Salinity Control Act, added the language in italics to <br />subsection 5(d)(5). The effect of these amendments to the CRSP Act is to provide a source of <br />funding for part of the "program of works of improvement for the enhancement and protection of <br />the quality of water available in the Colorado River for use in the United States and the Republic <br />of Mexico, and to enable the United States to comply with its obligations under the agreement <br />with Mexico of August 30, 1973 (Minute No. 242 of the International Boundary and Water <br />Commission, United States and Mexico)" authorized by the Salinity Control Act. Adding the <br />obligation to repay a share of the costs of the salinity control units, measures to replace <br />incidental fish and wildlife values foregone and on -farm measures from the Basin Fund reduces <br />the amount of revenues available to finance participating projects. Currently about $1.7 million <br />annually is drawn from the Basin Fund for salinity control. <br />In 1992, Congress passed the "Grand Canyon Protection Act" (GCPA). Section 1807 of <br />the GCPA states: "The Secretary [of the Interior] is authorized to use funds received from the <br />sale of electric power and energy from the Colorado River Storage Project to prepare the <br />environmental impact statement described in section 1804, including supporting studies, and <br />the long -term monitoring programs and activities described in section 1805, except that such <br />funds will be treated as having been repaid and returned to the general fund of the Treasury as <br />costs assigned to power for repayment under section 5 of the Act of April 11, 1956 (70 Stat. <br />170)" with exceptions as outlined in Section 1807. This provision has been described as <br />authorizing "payment of two bills with one check," since the monies will be treated as having <br />been repaid and returned to the general fund of the Treasury as costs assigned to power for <br />repayment under section 5 of the CRSP Act and will be used to prepare the Glen Canyon <br />Environmental Impact Statement and fund the long -term monitoring programs and activities <br />2 <br />