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<br />4-16-52
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<br />Repayment of Federal costs
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<br />Of the total cost of the Fryingpan-Arkansas Project, non-
<br />reimbursable costs in tlleamount of $17,956,000 are allocated to
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<br />the purposes of flood oontrol and fish and wildlife conservation.
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<br />Thesenonrelmbursable costs represent about l2 percent of the
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<br />total cost. The .remaining cost, $129,484,000 would be returned
<br />by revenues from irrigation, hydroelectric pCii'er and municipal
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<br />water.
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<br />The irrigation allocation of $59,930,000 would be returned
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<br />to the Federal Treasury without interest over a period of 40
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<br />years. Of this total irrigation cost $10,88l,600 would be paid
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<br />by the QQnaervaney ,District from direct payments by the irrigators
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<br />and frOlll an ad valorem tax on all taxable property within the
<br />district. The remaining $49,048,000 would be repaid from the
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<br />interest component of the hydroelectric and municipal water pay-
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<br />ments.
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<br />The hydroelectrjoc allocation of $40,032,000 would be repaid
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<br />with interest at 3 percent per annum on the unpaid balance in
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<br />a period of 53 YAlj.rl3 from revenues derived from the sale of power.
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<br />As before mentioned $35,478,000 of the interest component would
<br />be used to pay part of the irrigation cost.
<br />The municipal water allocation of $29,522,000 would be re-
<br />paid over a period of 40 years with interest at 2 percent on the
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<br />unpaid balance . From the interest component $l3 ,570,400 would
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<br />be applied on the irrigation cost.
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<br />21
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