ALP and the State of Colorado Interest During Construction Walkthrough

v shall be determined by the Secretary of the Treasury as of the time the first advance is made for
tting-construction of said unit cr project. Such interestrate shall be determined by calculating the
ige yield to maturity on the basis of daily closing market bid quotations during the month of June
preceding the fiscal year in which said advance is made, on all interest - bearing marketable public
obligations of the United States having a maturity date of fifteen or more years from the first day of
month, and by adjusting such average annual yield to the nearest one - eighth of 1 per centum.
(g) Business -type budgets shall be submitted to the Congress annually for all operations
iced by the Basin Fund
Sec. 6. Upon completion of each unit, participating project or separable feature thereof, the
Sec etary shall allocate the total costs (excluding any expenditures authorized by section 8 of this Act) of
con tructing said unit, project or feature to power, irrigation, municipal water supply, flood control,
nav ation, or any other purposes authorized under reclamation law. Allocations of construction,
ope ation and maintenance costs to authorized nonreimbursable purposes shall be nonreturnable under
the rovisions of this Act. In the event that the Navajo participating project is authorized, the costs
allo ated.to irrigation of Indian -owned tribal or restricted lands within, under, or served by such project,
and beyond the capability of such lands to repay, shall be determined, and, in recognition of the fact that
assi tance to the Navajo Indians is the responsibil ity of the entire nation, such costs shall be
non eimbursable. On January 1 of each year the Secretary shall report to the Congress for the previous
fist l year, beginning with the fiscal year 1957, upon the status of the revenues from, and the cost of,
con tructing, operating, and maintaining the Colorado River storage project and the participating projects.
The Secretary's report shall be prepared to reflect accurately the Federal investment allocated at that time
top wer, to irrigation, and to other purposes, the progress of return and repayment thereon, and the
estililated rate of progress, year by year, in accomplishing full repayment.
Sec. 7. The hydroelectric power plants and transmission lines authorized by this Act to be
con tructed, operated, and maintained by the Secretary shall be operated in conjunction with other
Federal powerplants, present and potential, so as to produce the greatest practicable amount of power and
enei gy that can be sold at firm power and energy rates, but in the exercise of the authority hereby granted
he s iall not affect or interfere with the operation of the provisions of the Colorado River Compact, the
Upr er Colorado River Basin Compact, the Boulder Canyon Project Act, the Boulder Canyon Project
Adjustment Act and any contract lawfully entered unto under said Compacts and Acts. Subject to the
pro isions of the Colorado River Compact, neither the impounding nor the use of water for the generation
of p wer and energy at the plants of the Colorado River storage project shall preclude or impair the
applopriation of water for domestic or agricultural purposes pursuant to applicable State law.
Sec. 8. In connection with the development of the Colorado River storage project and of the
part cipating projects, the Secretary is authorized and directed to investigate, plan, construct, operate, and
mai tain (1) public recreational facilities on lands withdrawn or acquired for the development of said
prof -,ct or of said participating projects, to conserve the scenery, the natural, historic, and archaeologic
objc cts, and the wildlife on said lands, and to provide for public use and enjoyment of the same and of the
wat r areas created by these projects by such means as are consistent with the primary purposes of said
prof cts; and (2) facilities to mitigate losses of, and improve conditions for, the propagation of fish and
wildlife. The Secretary is authorized to acquire lands and to withdraw public lands from entry or other
diSF Mition under the public land laws necessary for the construction, operation, and maintenance of the
faci ities herein provided, and to dispose of them to Federal, State, and local governmental agencies by
leas p, transfer, exchange, or conveyance upon such terms and conditions as will best promote their
)pment and operation in the public interest. All costs incurred pursuant to the section shall be
imbursable and nonreturnable.
Sec. 9. Nothing contained in this Act shall be construed to alter, amend, repeal, construe, interpret,
or be in conflict with the provisions of the Boulder Canyon Project Act (45 Stat. 1057),57 the Boulder
57 43 U.S.C.A. § 617 et seq.