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<br />, <br /> <br />2.1 <br /> <br />Section 3 4 ( c ) of the Act provides the Secretary of Energy with the authority to <br />contribute $17 million to the construction of capital projects identified in the Upper <br />Colorado River and San Juan RIVER Endangered Fish Recovery Programs. <br />This contribution may be made through a loan or. loans from the CWCB <br />Construction Fund to ~ gesTatar)' efEBer-gy WESTERN. <br />The CWCB loan or loans shall be used to enable power users to participate <br />financially in the construction of capital projects designed to recover endangered <br />fish. <br /> <br />e <br /> <br />2.2 <br /> <br />2.3 <br /> <br />2.4 The loan or loans shall be negotiated in consultation with Salt Lake City Area <br />Integrated Projects (SLCA-IP) firm power contractors and shall be structured to <br />minimize impacts on elesB'isal SLCA-IP power rates. <br />2.5 The revenues received by Westem from the sale ef BIBsHleity HeIR SLCA-IP will be <br />used to repay the loan or loans to the CWCB Construction Fund. <br />2.6 Western shall repay the loan or loans, including principal and interest, no later than <br />OeteeBf 31 SEPTEMBER 30, 2057. <br />2.7 The funds loaned to Western may be provided pursuant to 37-60-119 C.R.S. and e <br />37-60-120 C.R.S. that give the CWCB the authority to loan money for the benefit of <br />the people of the state; and specifically pursuant to the provisions of 37-60-122.9 <br />C.R.S. that gives the CWCB the authority to loan money for endangered fish <br />recovery program capital projects. <br /> <br />3. Terms <br /> <br />3.1 Within one-year from the date ilie .^cst lleeelRes a pHillis law WESTERN <br />DETERMINES IT REQUIRES A LOAN, the CWCB, Reclamation and Western, <br />IN CONSULTATION WITH SLCA-IP FIRM POWER CONTRATORS, shall <br /> <br />enter into a contract that shall include, but not be limited to, the following: <br />3.1.1 A provision or provisions specifying the amount of the loan, the interest rate, and the <br />repayment period of the loan. (INSERT LANGUAGE REGARDING THE MAXIMUM <br />INTEREST RATE TO BE CHARGED BY THE CWCB FOR ENVIRONMENTAL <br />MITIGATION PROJECTS, IF APPROPRIATE, AND SUBJECT TO DISCUSSIONS e <br />