Board Meeting 05/05/1983

• Board Meeting Date: 5/5/1983
• Description: Minutes, Agenda, Memoradums May 5, 1983
• Board Meetings - Doc Type: Meeting

(2) All revenues from the CRS? and the participating projects
from sales of power, repayments from irrigators , munici-
palities, and industry, and payments by project users of annual
0&M charges) are credited to the Basin Fund.
(3) Revenues which accrue to the Basin Fund are then disbursed
as follows :
(a) Annual O&M charges are returned to the U. S . Treasury,
with the requirement that each participating project must
have annually paid into the Basin Fund an amount sufficient
to cover its own 0&M costs;
(b) Revenue from the Basin Fund must then be used to
repay to the U. S. Treasury the construction cost of the
power, and municipal and industrial water supply, features of
both CRSP and the participating projects within 50 years
from date of construction with interest, which i nterest is
a first charge.
Participating projects with power, and municipal
and industrial water supply, features must, from their own
revenues, pay into the Basin Fund sufficient funds to cover •
the construction cost, plus interest, of such features.
(c) Next, revenues in the Basin Fund go to repay the U. S.
Treasury for the cost of the irrigation components of the
CRSP storage units themselves , such costs being repayable
without interest within . 50 years ; and
(d) Revenues in the Basin Fund in excess of the monies
needed for (a) , (b) , and (c) are apportioned among the
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