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<br />~~~.' noz()OG <br /> <br />. <br /> <br />. <br /> <br />DRAFT <br /> <br />FOR IMMEDIATE RELEASE <br /> <br />PRESS RELEASE <br /> <br />November 4, 1983 <br /> <br />Lamm Proposes Water Development Financing Plan <br /> <br />Governor Richard D. Lamm today presented a plan for <br />financing future water projects to a Denver meeting of the <br />Colorado Water Conservation Board. Lamm proposed using revenues <br />from the sale of electrical power generated by dams in the Upper <br />Colorado River to pay for new dams and needed water distribution <br />facilities to develop Colorado River water. <br /> <br />Congress has authorized several Colorado water projects that <br />are as yet unbuilt. Appropriation of funds for construction of <br />the Animas-La Plata project in Southwest Colorado was recently <br />approved by the House of Representatives and the bill is now <br />before the Senate. The project would be built by the Bureau of <br />Reclamation with federal funds. Most observers, however, doubt <br />that the four other congressionally authorized Colorado projects <br />or any others will be built with federal monies. <br /> <br />Lamm indicated that Colorado has not received its full <br />entitlement of water under compacts agreed to by the states and <br />consented to by Congress. He said, "I believe that commitments <br />were made by the federal government and other basin states which <br />have yet to be honored. It now appears that changes in the use <br />and disposition of Colorado River Storage project power revenues <br />are needed if Colorado is to be made whole." <br /> <br />Governor Lamm asked the Colorado Water Conservation Board to <br /> <br /> <br />take the lead in opening public discussion of the concept. J. <br /> <br />william McDonald, Director of the Board, explained that it would <br /> <br /> <br />be possible to produce millions of dollars annually to Colorado, <br /> <br />195 <br />pr <br />