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BOARD01219
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BOARD01219
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Last modified
8/16/2009 2:59:08 PM
Creation date
10/4/2006 6:51:44 AM
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Template:
Board Meetings
Board Meeting Date
1/24/2001
Description
CF Section - Western Area Power Administration Loan - Interest Rate Collateral and Term
Board Meetings - Doc Type
Memo
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<br />:"~~"'~!/.~'1l,l,':"~:'-~~Jl...:*(:,~.. .~ ....~'i.;~,~.~1.~l:A.n;!~,~~~..~..).-;r'f:t.~~;,.~~,.$~{"..',,~.sJ.~.:t.~.&~~1~r:;~~!'~~"~l.i'i,t!.V.tj,~~.cit~~.;g~~:!r~~;t~...~ <br />. .. . '.. . .:' . .... . <br />, . . <br />. . <br /> <br />t <br />. <br /> <br />(j <br /> <br />~ <br />Q' <br /> <br />1 as if appropriated for such Illll'poses. Such non-Federal <br />2 contributions shall not exceed $17,000,000. <br />3 (2) In addition to the contribution described in pm'a- <br />4 graph (1), the Secretary of Energy, acting through the <br />5 Western Area Power Administration, and the Secretary of <br />6 the Interior, acting through the BUl'emi of Reclamation, <br />. 7 may utilize power rm'enues collected pursuant to the Colo- <br />8 rado River Storag'e Project Act to can",'- out the !Hl!"J)OSeS <br />9 of section 3(e) of this Act. Such funds shall be treated <br /> <br />. <br />. <br /> <br />10 as reimbursable costs assigned to power for !'CJlaYl1lellt <br /> <br />11 under section 5 of the Colorado River Storage Pl'oje(~t Act. <br /> <br />12 This additional contribution shall not exceed $17,000,000. <br /> <br />13 Such funds shall he considered a non-Federal contribution <br /> <br />14 for the purposes of this Act. <br />15 (3) The additional funding provided p\ll'suant to <br />16 paragraph (2) may be provided through loans from thc <br />17 Colorado Water Conservation Board Construction Fund <br /> <br />18 (37-60-121 C.R.S.) to the Western Area Power Adminis- <br />19 tration in lieu of funds which would otherwise be collected <br /> <br />20 from power revenues and used for storage project repay- <br />21 ments, The Western Area Power Administration is author- <br /> <br />22 izcd to repay such loan or loans from power revenues eol- <br /> <br />. <br />. <br /> <br />23 lected beg-inning in fiscal year 2012, subject to an agree- <br />24 ment between the Co]o!"<ldo "Vater Conservation Boarcl, <br />25 the 'IV" estern Area Power A~lministratjon, and the Bnreiln <br /> <br />.HR 2348 lH <br />
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