BOARD00261

• Board Meeting Date: 5/13/1964
• Description: Table of Contents, Agenda, Minutes and Resolution
• Board Meetings - Doc Type: Meeting

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MR. STAPLETON,

MR. SPARKS:

MR. STAPLETON:

MR. SPARKS:

this act that the Upper Basin Fund be made
whole to the extent not only of the monies
actually diverted, but also to the extent of
the interest which is being charged against
us because of this diversion, and to the full
extent of power which will be delivered from
the Upper Basin projects, either firm energy
or secondary energy. It was not the intent
of the filling criteria to reimburse us for
this energy that is being diverted from the
powerplants in the Upper Basin, and that
energy is money, no matter how you look at
it, it's money to the Upper Basin Fund.

We think that now is the time to move
in Congress while the other projects are
pending in connection with Lower Basin
development. This, in our opinion, would
not hurt anyone, except that it would enrich
the Federal Treasury to the extent of $500,000
a year that is now being expended on a non-
reimbursable basis. So how anyone can object
to it legitimately we are unable to determine,
and we strongly recommend that the Board
adopt, in principle, the provisions of this
proposed act with a request to our Con7
gressional delegation that it be introduced
into the Congress and enactment of it be
sought. "

"Is this same action being sought in other
Upper Basin states?"

"This same action will be brought before
the Upper Colorado River Commission at a
special meeting to be held here in Denver
next vlednesday."

"You do have a legal committee on the
Upper Colorado River commission and they have
not considered this as yet?"

"vle have not considered the bill itself.
The Legal Committee recommended such action
at the last meeting of the Upper Colorado
River Commission and was directed to prepare
the implementation of the recommendation."