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BOARD01559
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BOARD01559
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Last modified
8/16/2009 3:03:10 PM
Creation date
10/4/2006 6:57:40 AM
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Board Meetings
Board Meeting Date
2/17/1989
Description
Meeting Notes & Memos
Board Meetings - Doc Type
Meeting
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<br />. <br /> <br />. <br /> <br />Colorado. New Mexico. and Wyoming would share annual <br />revenues based on such percentages as would bring all four <br />states in the same year to the percentage allocations set <br />forth in the 1956 CRSP Act. as measured in indexed <br />dollars. The annual percentage distribution among these <br /> <br /> <br />three states might have to be adjusted from time to time <br /> <br />to account for any degradation of the power resource. <br /> <br />(5) Thereafter. annual revenues would be distributed among <br /> <br /> <br />the states according to the percentage allocations set <br /> <br /> <br />forth in the 1956 CRSr Act. Those percentage allocations <br /> <br /> <br />would continue to run through the fortieth year of this <br /> <br /> <br />arrangement irrespective of the amount of revenues <br /> <br /> <br />torthcoming (i.e., the revenue stream over 40 years would <br /> <br /> <br />not be capped at any ~iven figure nor. by the same token. <br /> <br /> <br />would any given sum over 40 years be guaranteed). <br /> <br />(6) While it is contemplated that the percentage <br />allocations of the 1956 CRSP Act. as measured in <br />indexed dollars. would be achieved prior to the 40th <br />year. this is not guaranteed and the states assume the <br />risk that it may not happen. <br /> <br />The states would reserve the right. upon agreement of all <br /> <br /> <br />four governors. to change the above contemplated distribution <br /> <br /> <br />of revenues in any manner they choose so long as such changes <br /> <br /> <br />did not affect this component of the power rate. <br /> <br />-2- <br />
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