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<br />001'553 <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />COLORADO WATER CONSERVATION BOARD <br />Department of Natural Resources <br />823 State Centennial Building <br />1313 Sherman Street <br />Denver, Colorado 80203 <br />Phone: (303) 666-3441 <br /> <br />STATE OF COLOMDO <br />8 <br /> <br />Richard 0, lamm <br />Governor <br /> <br />Outline of CRSP Power Revenue Issues <br />(April 12, 1983) <br /> <br />J, william McDonald <br />Director <br /> <br />Oa\lid W, Walker <br />Deputy Director <br /> <br />1. upper Colorado River Basin Fund <br /> <br />A. History and explanation of Basin Fund summarized in <br />attached paper (dated 2/20/81). <br /> <br />B. Key points <br /> <br />1) Construction money for reclamation projects must be <br />appropriated by Congress from the general fund of the <br />u.S. Treasury. <br /> <br />2) <br /> <br />Power revenues are used only for repayment. <br />Basin Fund is not a pool of accumulated cash <br />project financing. <br /> <br />The <br />for <br /> <br />3) Power revenues could be available to finance (as <br />opposed to repay) projects only if power rates were <br />raised substantially and the 1956 CRSP Act amended. <br /> <br />4) Power revenues could be available for direct use by <br />the states only if the 1956 CRSP Act were amended. <br /> <br />2. Summary of CRSP power revenue issues <br /> <br />A. Power repayment studies being performed by WAPA. <br /> <br />B. Financing of BuRec's proposed Colorado River Basin <br />weather modification program (the CREST program). <br /> <br />C. Financing of Colorado River Basin salinity control <br />projects. <br /> <br />223 <br />crsp/bo <br /> <br />John R, Fetcher. Chairman - Her~t H, Vandemoer, Vice Chairman <br />eM. Furneaux. Floyd l. Getz, Dale F.Grant, Robert A. Jackson, Richard W, Johnston, Jr" Frederick V, Kroeger, David W. Robbins <br />