Laserfiche WebLink
<br /> <br />N <br />~... <br />(n <br />o <br /> <br />FIFfH ANNUAL REPORT, COLORADO RIVER STORAGE PROJECT <br />AND PARTICIPATING PROJECTS <br /> <br />",. <br /> <br />INTRODUCTION <br /> <br />Legislation authorizing construction of the Colorado River storage <br />project and participating projects was enacted into law (70 Stat. 105) <br />on April 11, 1956. The act initiated the comprehensive development <br />and use of the water resources of the Upper Colorado River Basin. <br />Initially authorized for construction are 4 storage units and 11 par- <br />ticipating projects. The storage units on the Colorado River and its <br />larger tributaries were authorized primarily for river regulation and <br />power production. The 11 participatinJ]: projects will provide water <br />for irrigation of farmland and supply of water for growing cities and <br />industries. Construction has been initiated on all units of the storage <br />project and on the following participating projects: Florida, Hammond, <br />Paonia, Seedskadee, Smith Fork, and the Vernal unit of the central <br />Utah project. <br />Section 6 of the authorizing act stipulates that, on January 1 of <br />each year, the Secretary of the Interior shall report to Congress for the <br />previous fiscal year: <br />1. Status of revenues from; and <br />2. Cost of constructing, operatinj1;, and maintaining the Colo- <br />rado River storage project and participating projects (hereinafter <br />referred to as the "project"). <br />The report is to be prepared so as to reflect accurately the: <br />3. Federal investment allocated at that time to power, to <br />u.tigation, and to other purposes i ' <br />4. Progress of return and repayment thereon; and <br />5. EstiInated rate of progress, year by year, in accomplishing <br />full repayment. . <br />The project is still in the initial stages of construction and no income- <br />producmg facilities were in operational status during the year. The <br />report tnerefore, deals primarily with the construction progress to <br />June 30, 1961. IJimited comments are furnished with respect to the <br />remaining items required to be reported upon. <br /> <br />1. STATUS OF REVENUES <br /> <br />There were no revenues from water rental, water sales or from sales <br />of electric energy during the fiscal year. Revenues to date h;ave been <br />limited to nonoperating income from grazing leases and other mis- <br />cellaneous sources, and at June 30, 1961, these revenues amounted <br />to $39,860. <br /> <br />-j <br /> <br />~1 <br /> <br />., <br /> <br />:~ <br /> <br />" <br /> <br />"',1 <br />,:-.~ <br />~.:: <br /> <br />.:1 <br /> <br />15 <br />