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<br />It waB understoo~ that the engineering staff of the Board would <br />continue the study of this report preparatory to consideration by the Board <br />at a future meeting of the Colorado comments which would be formally <br />submitted to the Secretary of the Interior. <br /> <br />23 <br /> <br />The Board recessed at 12:10 PM to reconvene at 1:30 PM. <br /> <br />I <br /> <br />Afternoon Session - September 28, 1946 <br /> <br />The meeting recon~ened and was called to order by Vice-Chairman <br />Chris Wallrich at 1:30 PM. <br /> <br />Frank C. Merriell, Engineer-Seoretary of the Colorado River Water <br />Conservation District. made a statement respecting the Colorado River report <br />of the Bureau of Reclamation. He indicated certain objections to the report <br />which should be urged' by the State in its formal comments to the Secretary of <br />the Interior. He commented further respecting the available water supply in <br />the Upper Basin for future project development and stated that it was his <br />present opinion that if the undesirable projects were eliminated there would <br />be enough water in the Upper Colorado River Basin adequately to take care of <br />the water development program of the State~ <br /> <br />Recognizing the necessity of action on the Colorado River report. <br />consideration was given to the fixing of a meeting of the Board to give further <br />consideration to this report, allowing sufficient time to complete Colorado's <br />study of the report. <br /> <br />Thereupon it was moved by Mr. Dille and seconded <br />by Mr. Pugha that the next meeting of the Colorado Water <br />Conservation Board be held on December 6 and 7, 1946. <br /> <br />Upon vote being taken the motion was unanimously <br />passed and declared adopted. <br /> <br />I <br /> <br />Director Stone made an exhaustive report concerning problems, which <br />have arisen respecting the authcrization and financing of reclamation <br />projects. He reviewed the issues growing out of the opinions of the Solicitor <br />of the Department of the Interior, interpreting Section 9 of the Reclamation <br />Project Act of 19391 he explained the purpose of the "Robinson Bill" introduced <br />in the CongresB to clarify the meaning of that Actl and he explained the <br />conferences which had been held with the Bureau of Reclamation concerning the <br />matter. In this connection he discussed the public benefit features of <br />reclamation development and efforts which have been made to provide that the <br />cost of fish and wildlife and silt and salinity control benefits should be non- <br />reimbursable. He also pointed out that, in order for reclamation development <br />to proceed, a different formula for determining project economic justification <br />and authorization should be devised since the present day costs of proposed <br />reclamation development make it impossible to qualify few reclamation projects <br />under Section 9 of the 1939 Reclamation Act. He stated that there was general <br />agreement that the interest rate on investments in power features of reclamation <br />projects should be reduced from three percent per annum to two percent per <br />annum. He called attention to the Board that the issues involved would, no <br />doubt, result in some action being taken in the next Congress and that he was <br />endeavoring to keep the Board fully informed on the subject. <br />