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Hoover/Parker-Davis and CRSP power rates to finance <br /> part of the costs of the program. <br /> 4) The other three Upper Basin states acquiesced. <br /> Colorado refused to agree to the use of power <br /> revenues. <br /> C. Colorado's position was based on the following <br /> considerations : <br /> 1 ) Funding CREST is a federal obligation under the 1968 " <br /> CRBP Act. <br /> 2) There are a wide variety of issues related to the <br /> proposed use of power revenues for CREST which must <br /> be considered simultaneously. <br /> 3) There should be a single forum in which the 7 states <br /> discuss all of these issues and an approach which <br /> recognizes the interrelationships among issues. <br /> D. BuRec did not institute the program in FY 83 since the <br /> states had not reached agreement on the power revenue <br /> issue. <br /> E. Commissioner Broadbent has recently acknowledged that he <br /> has proposed legislation, now being reviewed by OMB, <br /> which would authorize the use of power revenues to pay <br /> for the CREST program. <br /> 5 . Financing of salinity control projects <br /> A. Present law ( 1974 Salinity Control Act ) <br /> 1 ) Salinity control projects are 100% federally <br /> financed. <br /> 2) 75% of cost is non-reimbursable . <br /> 3) 25% of cost is repayable over 50 years without <br /> interest. <br /> a. 85% of this comes from Lower Basin power <br /> revenues. <br /> b. 15% of this comes from CRSP power revenues. <br /> B. A bill to amend the 1974 act was proposed by the 7 basin <br /> states last year. Armstrong and Kogovsek were the prime <br /> -3- <br />