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MR. SPARKS: I MR. STAPLETON: MR. PETERSON: MR. STAPLETON: MR. CONOUR: MR. STAPLETON: I 1617 "I think probably, if we merely strike out fiscal year 1961, strike out the words in the third to the last paragraph 'fiscal year 1961' and insert therein 'failed to appropriate money for the immediate construc~ tion of Curecanti Reservoir', then the resolution covers the thought because the resolving clause asks the Congressional dele- gation to secure, at the earliest possible date, appropriations by Congress.. What the Congressional delegation then may do is to ask for a supplemental appropriation if they thought that was appropriate. In the final analysis this is really their decision, the Congressional delegation's." "Then the 'WHEREAS' clause would read, this particular one the third one: 'WHEREAS no good and equitable reason exists for dis- crimination against the State of Colorado, which would result if Congress failed to appro- priate money for immediate construction of Curecanti~. "Mr. Peterson, would you accept that amendment ?" "Yes, I'll accept that amendment." "Mr. Conour, you as second, will you accept that amendment?" "I accept." '1Ve'll now discuss the resolution as amended. Is there any further discussion by the Board? Would any of our guests like to comment on this resolution? Hearing no call for any further discussion, I'll now call for the question. All those in favor of the resolution as amended will indicate by saying 'aye': opposed - the resolution as amended is ordered adopted. The next item on the agenda is one that I think is most important to every project that we have in the State of Colorado. It is the question of the interest rate under the Colo- rado River Storage Project Act. It's occasioned, as we all know, by the ever increasing interest rates of Federal fiscal policies. Larry has just handed me a telegram which he received from Senator Carroll and maybe that's the best way