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<br />. o0145g <br /> <br />. (21 Would delete existing section 2(e) of <br />the Adjustment Act which provided annual aP9ro9riations for <br />fiscal vears lq4B through 1951 for pa'{ffients to the Boulder City <br />School District. Would suhstitute a ne\~ section 2 (e) to provide <br />the necessary authority for transferring from the Colorado River <br />Dam Fund to the Lower Colorano River 3asin Development Fund of <br />those revenues collected by reason o~ the amount to be included <br />in Boulder Canyon ~roject rates under the revised section <br />403 (c) (2) of the Basin pro;ect Act. <br /> <br />Ie) Would suP?1ement the existino interest rate <br />provision of the Ad;ustment Act to orovide that nn funds aooro- <br />priated for the Uprating Program and the Visitor Pacilities <br />Program the rate of interest shal~ be determined under the same <br />formula that Congress has written into federal water and power <br />project authorizations for manv vears. ~he formula is identfcal <br />to the provisions for the establishment of an interest rate in <br />section 7 of S.!68 as introduced and in section 7 of 5.306 as <br />passed by the Senate in the last Congress. <br /> <br />. <br /> <br />(E) Would continue the definition of "Replace- <br />ments" contained in the Adjustment Act beyond the current term <br />ending May 31, 19B7. <br /> <br />SEC. 205. (a) Would provide as follows: <br /> <br />(1) that capacity from the Uprating Program and <br />the energv associated therewith shall only be disposed <br />of by contract; <br /> <br />(2} that the term of the contract will be 30 <br />vears: <br /> <br />(31 that the contracting parties wilt be oarties <br />in Arizona, California and Nevada eliqible to enter <br />into the contracts under the contract orovision of the <br />~oulder Canyon Project Act: <br /> <br />(4) that in the case of Arizona and ~evada the <br />contracting parties will be those aqencies desionated <br />by State law as agents of the ~tate for ourchasinq <br />Boulder Canyon Project output: and <br />.. <br /> <br />(5) that the allocation of capacitv, tooether <br />with the associated energy, be in the amounts specified <br />in the Secretary of Energy's marketing plan. <br /> <br />(b) Would authorize the Secretary of the Interior <br />to initiate the Uprating Program with funding either from federal <br />. or non-federal sources. As observed above in commenting on <br /> <br />-3- <br />