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<br />- 11 - <br /> <br />1. This Act also has the unique provision, which <br />1 am certain is familiar to all members of your <br />Council, A provision which opportions among <br />the Opper Colorado River Basin States certain <br />revenue avai lable after payout on the storage <br />units, and the M & I and, power aspects of the <br />, participating pcojects have been accomplished. <br />2. Revenues so (]pportioned_to~edch State are to <br />be used only for repayment of construction costs <br />allocated to irrigation which are beyond the <br />ability of the water user to repay, F0R PAR- <br />tiCipating, projects in the State to which such <br />revenues ore apportioned. <br />Repayment on the Storage Project is in the 16th year on 0 <br />payout schedule that now stretches to the year 2053. <br />d. Receipts through 1978 in the Upper Colorado River <br />Basin Fund hove totalled nearly $447 million. Out <br />of this amount, payments for operating expenseS,HAVE <br />(-_._-_.~- ------ _.._----~--_.-.__._---- ---------..-.-----.-- <br />; TOTALLED $195 MILLION, AND INTEREST PAYMENTS AND RE- <br />. <br />PAYMENTS OF INVESTMENT HAS TOTALLED OVER $252 MILLION. <br /> <br />--.--------------------- <br /> <br />The Lower Colorado River Basin Development Fund . <br />The second revolving fund affecting Reclamation oper- <br />ations was established by the Colorado River Basin Project Act <br />in 1968. The fund provided by this Act is known as the Lower <br /> <br />. ....... ..,..... .".' <br />Colorado River Basin Development Fund. <br />a. BrieflY, all appropriations by the Congress, os well <br /> <br />',"'-~ ..... <br /> <br />I~' <br />t . <br />I ! <br />t . <br />, ' <br />.' <br /> <br />f''''''~ <br />i ; <br /> <br />J <br /> <br />l : <br />~ , <br />~ . ," <br />'I., <br /> <br />'--".-- <br />