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BOARD01862
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BOARD01862
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Last modified
8/16/2009 3:08:09 PM
Creation date
10/4/2006 7:04:02 AM
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Template:
Board Meetings
Board Meeting Date
11/23/1998
Description
CF Section - Special Purpose Accounts - Colorado River Recovery Program Loan Account - Additional Funds
Board Meetings - Doc Type
Memo
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<br />6 <br />1 the San Juan River Basin Recovery Implementation <br />2 Program shall expire in the year 2007 unless reau- <br />3 . thorized by an Act of Congress. <br />4 (c) No~-FEDERAL CO!\'TRIBUTIO~S TO CAPITAL <br />5 PRoJECTs.-(l) The Secretary, acting through Reclama- <br />6 tion, may enter into agreements with the Upper Division <br />7 States, political subdivisions or organizations within the <br />8 Upper Division States which contn"bute to the payment <br />9 of capital project costs. Such non-Federal contributions <br />10 shall not exceed $17,000,000. <br />11 (2) In addition to the contn"bution described in <br />12 4(c)(1), the Secretary may utilize power revenues collected <br />13 pursuant to the Colorado River Storage Project Act to <br />14 cany out the purposes of this Act. SuCh funds shall be <br />15 treated as reimbursable costs assigned to power for repay~ <br />16 ment under section 5 of the Colorado River Storage <br />17 Project Act. This additional contribution shall not exceed <br />18 $17,000,000. Such funds shall be considered a non-Fed- <br />19 eral contn"bution for the purposes of this Act. The addi- <br />20 . tional funding provided pursuant to this provision may be <br />21 provided through a loan or loans from the Colorado Water <br />22 Conservation Board Construction Fund (37-60-121 <br />23 C.R.S.) to the Secretary of Energy to replace revenues <br />24 which would. otherwise be used for project repayments. <br />25 The Secretary is authorized to repay such loan or loans <br /> <br />. <br /> <br />,-'.,-. <br /> <br />,1. <br /> <br />,...-. <br /> <br />."' .... ." <br />, "', ", .... .~. ": '" . <br /> <br />" -.'. <br /> <br />. <br /> <br />S 11411 IS <br />
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