BOARD01880

• Board Meeting Date: 4/1/1982
• Description: CWCB Meeting
• Board Meetings - Doc Type: Meeting

(e) Existing water and related land resources plans, such as State
water resources plans, are to be considered as alternative plans
if within the scope of the planning effort.

6. A plan recommending Federal action is to be the alternative plan with
the greatest net economic benefit (the NED plan), unless the Secretary
of a department or head of an independent agency grants an exception to
this rule. Exceptions may be made when there are overriding reasons
for recommending another plan, based on other Federal, State, local and
international concerns.

7. Four accounts are established to facilitate evaluation and display of
effects of alternative plans. The national economic development
account is required. Other information that is required by law or
that will have a material bearing on the decisionmaking process
should be included in the other accounts, or in some other appropriate
format used to organize information on effects.

(a) The national economic development (NED) account displays changes
in the economic value of the national output of goods and
services.
(b) The environmental quality (EQ) account displays nonmonetary
effects on significant natural and cultural resources.
(c) The regional economic development (RED) account registers
changes in the distribution of regional economic activity that
results from each alternative plan. Evaluations of regional
effects are to be carried out using nationally consistent
projections of income, employment, output, and population.
(d) The other social effects (OSE) accQunt registers plan effects
from perspectives that are relevant to the planning process,
but are not reflected in the other three accounts.

8. Discounting is to be used to convert future monetary values to present
values.

9. The period of analysis is to be the same for each alternative plan.