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STATE OF COLORADO <br /> COLORADO WATER CONSERVATION BOARD <br /> Department of Natural Resources <br /> 823 State Centennial Building `,•; <br /> 1313 Sherman Street '1 7, <br /> Denver,Colorado 80203 <br /> Phone: (303)866-3441 <br /> Richard D.Lamm <br /> Governor <br /> J.William McDonald <br /> Director <br /> Outline of CRSP Power Revenue Issues <br /> David W.Walker <br /> (April 12, 1983) Deputy Director <br /> 1 . Upper Colorado River Basin Fund <br /> A. History and explanation of Basin Fund summarized in <br /> attached paper (dated 2/20/81 ) . <br /> B. Key points <br /> 1 ) Construction money for reclamation projects must be <br /> appropriated by Congress from the general fund of the <br /> U .S. Treasury. <br /> 2) Power revenues are used only for repayment. The <br /> Basin Fund is not a pool of accumulated cash for <br /> project financing . <br /> 3) Power revenues could be available to finance (as <br /> opposed to repay) projects only if power rates were <br /> raised substantially and the 1956 CRSP Act amended . <br /> 4) Power revenues could be available for direct use by <br /> the states only if the 1956 CRSP Act were amended . <br /> 2 . Summary of CRSP power revenue issues <br /> A . Power repayment studies being performed by WAPA. <br /> B. Financing of BuRec 's proposed Colorado River Basin <br /> weather modification program (the CREST program) . <br /> C. Financing of Colorado River Basin salinity control <br /> projects. <br /> 223 <br /> crsp/bo <br /> John R.Fetcher,Chairman-Herbert H.Vandemoer,Vice Chairman <br /> C.M.Furneaux,Floyd L.Getz,Dale F.Grant,Robert A.Jackson,Richard W.Johnston,Jr.,Frederick V.Kroeger,David W.Robbins <br />