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<br />} <br /> <br />~91559 <br /> <br />4) <br /> <br />Hoover/parker-Davis and CRSP power rates to finance <br />part of the costs of the program. <br /> <br />The other three U?oer Basin states acquiesced. <br />Colorado refused to agree to the use of power <br />revenues. <br /> <br />. <br /> <br />C. Colorado's position was based on the following <br />considerations: <br /> <br />1) Funding CREST is a federal obligation under the 1968' <br />CRBP Act. <br /> <br />2) There are a wide variety of issues related to the <br />proposed use of power revenues for CREST which must <br />be considered simultaneously. <br /> <br />3) There should be a single forum in which the 7 states <br />discuss all of these issues and an approach which <br />recognizes the interrelationships among issues. <br /> <br />D. BuRec did not institute the program in FY 83 since the <br />states had not reached agreement on the power revenue <br />issue. <br /> <br />. <br /> <br />E. Commissioner Broadbent has recently acknowledged that he <br />has proposed legiSlation, now being reviewed by OMB, <br />which would authorize the use of power revenues to pay <br />for the CREST program. <br /> <br />5. Financing of salinity control projects <br /> <br />A. Present law (1974 Salinity Control Act) <br /> <br />1) Salinity control projects are 100% federally <br />financed. <br /> <br />2) 75% of cost is non-reimbursable. <br /> <br />3) 25% of cost is repayable over 50 years without <br />interest. <br /> <br />a. 85% of this comes from Lower Basin power <br />revenues. <br /> <br />b. 15% of this comes from CRSP power revenues. <br /> <br />B. A bill to amend the 1974 act was proposed by the 7 basin <br />states last year. Armstrong and Kogovsek were the prime <br /> <br />. <br /> <br />-3- <br />