BOARD00067

• Board Meeting Date: 8/5/1981
• Description: CWCB Meeting
• Board Meetings - Doc Type: Meeting

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as all revenues collected in connection with the
operation of authorized facilities are to be deposited
in this fund. Here, again, revenues are protected
but denied for construction, and General Fund money
is needed for the initial investment.

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b. A unique provision of this legislation provided that

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the Secretary of Interior could enter into agreements
with non-Federal interests to acquire the right to a
portion of the capacity of a thermal generating power-
plant, including the appurtenant transmission
facilities required in connection with the Central

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Ari zona Proj ect.

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1; The agreement involving project entitlement to

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a portion of the capacity at the Navajo power-

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plant at Page, Arizona was the result.

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c. Currently, revenues come almost totally from the sale

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of electric power 'under this provision, although

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there are minor 'amounts collected from miscellaneous

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sources such as farming and grazing leases.
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1. Altogether, receipts have totalled $128 million.
Annual revenues in this fund are avai lable \~1 thout further
appropriation under the law for paying the cost of operation.

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maintenance, and replacement expenses; and for return of in-

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vestment with appropriate interest.

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d. Operating expenses paid to date from the fund total
$85 millian, and investments and Interest repayment
have totalled $43 million.

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