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<br />. <br /> <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br /> <br />. <br /> <br />. <br /> <br />15 <br /> <br />1 these projects. Some of them are getting pretty big. There <br /> <br />are a number of instances where the contract language probably <br /> <br />needs to be tightened up. <br /> <br />I think the other thing that we need to take a good <br /> <br />look at is that as we get more dollars, the Board probably <br /> <br />will need to consider a means by which we more selectively <br /> <br />chose between competing projects. To date, we have largely <br /> <br />authorized and recommended for authorization every project tha <br /> <br />was found to be feasible. We could do that because we didn't <br /> <br />have any more projects than money. Right now, I think we have <br /> <br />40 pending applications as of today. That's how much interest <br /> <br />537 generated. At this rate, we will be out of money in '81, <br /> <br />'82, barring something like this going through. So we are <br /> <br />going to have to get a little more sophisticated when we have <br /> <br />more dollars to manage that system. <br /> <br />Basically, everything seems to be in order and in- <br /> <br />tact. Mainly, we need manpower. <br /> <br />MR. STAPLETON: Do you have any planning committee <br /> <br />of the staff to work on these things? <br /> <br />MR. FETCHER: I would be interested in whether--I <br /> <br />don't want to race to the court house, and I think we ought <br /> <br />to be establishing preliminary policies and things like that, <br /> <br />so when we get to June next fiscal year, we're able to proceed <br /> <br />intelligently. <br />MR. McDONALD: Right. First of all, the contract <br />