|
<br />APPENDIX 1
<br />
<br />APPORTIONED REVENUES
<br />COLORADO RIVER STORAGE PROJECT
<br />
<br />The Storage Project's authorizing Act (Public Law 84-485) established the
<br />Upper Colorado River Rasin Fund and detailed the application of available
<br />revenues. In general, all revenues collected in connection with the
<br />Storage Project operation would be credited to the Basin Fund and would
<br />be used to (1) defray the Storage Project's operating costs; (2) repay
<br />the costs allocated to power, municipal and industrial water supply, and
<br />to irrigation from storage units; and (3) repay the costs of
<br />participating projects' irrigation facilities in accordance with the
<br />revenue apportionment established by the public law,
<br />
<br />The revenue apportionment requirement is unique to t:he Storage Project,
<br />Usually power revenues assist in repaying only the irrigation costs
<br />greater than the irrigators' ability to pay, In the case of the Storage
<br />Project, however, additional power revenues will be collected, placed in
<br />the U.S, Treasury, and credited to the Basin Fund to provide financial
<br />assistance for future water supplies developed within the Upper Colorado
<br />River Rasin states, For example, the minimum total apportioned revenues
<br />required over the power repayment study period can be determined as
<br />follows:
<br />
<br />Current
<br />StudY
<br />(a)
<br />
<br />Total IrriEation Assistance
<br />(amounts in thousands)
<br />Study with
<br />Ronneville
<br />Unit
<br />(b)
<br />
<br />State
<br />PercentaEe
<br />(c)
<br />
<br />21
<br />
<br />Minimwn
<br />Apportioned Revenues ~I
<br />(amounts in thousands)
<br />Study with
<br />Bonneville
<br />Unit
<br />(b/c)
<br />
<br />Current
<br />Study
<br />(a/c)
<br />
<br />Colorado
<br />Utah
<br />Wyoming
<br />New Mexico
<br />Total
<br />
<br />Minimum
<br />apportioned
<br />revenues
<br />required 1,612.067
<br />
<br />$ 741,551 $ 741,551 46,0 $1,612,067 $1,612,067
<br /> 266,338 1,040,155 21,5 1,238,781 4,837,930
<br /> 37,713 37,713 15,5 243,310 243,310
<br /> 70.692 70,692 ....!L.Q 415,835 415,835
<br /> 1,116,294 1,890,111 100,0
<br />
<br />4,837,930
<br />
<br />Amount
<br />collected
<br />in addition
<br />to irrigation
<br />assistance
<br />requirements $ 495,773
<br />
<br />$2,947,819
<br />
<br />,Y The m1n1mum required is the amount which will allow each state to be
<br />credited its percentage of the total apportioned revenues and still repay
<br />each state's total irrigation assistance. As such, the required apportioned
<br />revenues are the greater of these computed amounts.
<br />
<br />~I The percentages established by Public Law 84-485 were based on the amount
<br />of water remaining to be developed in each state,
<br />
<br />9
<br />
|