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,. j Contract dated June 3, 1958 (Contract No. 14-06-500340), the care, operation and maintenance of Platoro Dam and Reservoir and appurtenant works and facilities were transferred to the Contractor effective June 15, 1991; and WHEREAS, the Reclamation Projects Authorization and Adjustment Act of 1992, Public Law 102-575, authorizes the permanent transfer of operation, maintenance and replacement responsibilities for Platoro Dam and Reservoir from the United States to the Contractor, provided that the Contractor makes a lump sum payment to the United States in lieu of the construction repayment obligations in the Repayment Contract; and WHEREAS, the total cost for the Contractor to acquire such responsibilities for Platoro Dam and Reservoir is $450,000; and WHEREAS, pursuant to Senate Bill No. 15, First Session of the Fifty-Sixth General Assembly of the State of Colorado duly enacted into law, the Colorado Water Conservation Board has been authorized to loan and grant the sum of $500,000 to the Contractor for the transfer of operation, maintenance and replacement responsibilities for Platoro Dam and Reservoir, $400,000 of which is to be reimbursable at 5°s interest over 40 years and $100,000 of which is to be non-reimbursable in recognition that the State shall receive the right from the Contractor to use a portion of Platoro Reservoir's storage capacity for the purpose of ineeting Colorado's obligations under the Rio Grande Compact; and WHEREAS, pursuant to House Bill No. 91-1006, First Session of the Fifty-Eighth General Assembly of the State of Colorado duly enacted into law, amending Senate Bill No. 15, the Colorado Water Conservation Board was authorized to expend up to $50,000 from the $400,000 loan portion of the total authorization for preparation of an operational model as the basis for an operating agreement for Platoro Dam and Reservoir between the Contractor and the State Engineer; and WHEREAS, the Contractor and the State entered into a Computer Modelling Contract on May 21, 1992 for the loan of $50,000 for preparation of the operational model, $30,000 of that loan has been disbursed to the Contractor, and the remainder shall be disbursed upon acceptance of the model by the Contractor and the State; and WHEREAS, House Bill 91-1006 also required that no additional moneys may be expended by the State on the Platoro Reservoir Project until after the State Engineer certifies to the Colorado Water Conservation Board that an operating agreement satisfactory to him has been entered into for the State's use of a portion of the Reservoir storage capacity for the purpose of ineeting Colorado's obligations under the Rio Grande Compact; and 2