WSP03803

• File Number: 8410.200.60
• Description: Basin Multi-State Organizations - Missouri River Basin Commission - Reports
• Date: 5/24/1974
• Author: Various
• Title: Basic Information - Basin Account, Pick-Sloan Missouri Basin Program
• Water Supply Pro - Doc Type: Report/Study

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project costs could be accomplished wit11in an acceptable period,

if (a) the interest on the Corps in'lcatment ,\.;ere reduced to 2~/;

per ilnnum and (b) tllC pm.;e,. r<lte "ere increased by .25 mills. \.Jith

respect to the \'1&1 functions of the PSM13P, the report stated as
fo1101IS: !!Y

"Costs of nlunicipill and industriill water are assumed
for purposes of this s'CIIdy to be self-liquidating and thus
having no ilffect on the repilyment of power and irrigation
:i.n".'cst:-;:."):1"ts. In u:;y OVO;!t rr,~;:1ir.j'p:ll ~nd ir.~:u.~~ri(\l \.:ater
supply \'Iould not require financiill assistance from power
revenu<?s althOl\gh it might p,'ove to be a source of some
assistance to the rcp<1yment of irrigation costs in the
future."

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Based on the foregoing representations, Congress approved the 2b%

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interest rate and authorized construction of the Garrison Diversion

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Idem, <1t p. 25D. Availability of surplus f1&1 revenues \Vas
forecast by tiiG Secrc"cary r s Hcport on t:1G Glll.Ti.son Diversion
Unit \,;here he noted, at p. 80 of II. Doc. No. 325, 86th Cong.,
2d Sess. 0,960), that: "ShO\:ld /,?&J] payments continue over
a longer /tl1i1n 50-year7 period, additional revenues will be
available-tel the unit-:-"

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Act of August 5, 1965 (79 Stat. 433). Tlle Secretary's basic
authority to increilse po',.;cr rates and to rely on other revenues
of the r::)>l~~i' to aiu in 1'0pLlying irrig;,Tcion costs llllu alreu(:y
lF~I:':1 csL\llli_:":;lt_:1.1~ ~r;0. q(',"}!:5.J~,f".~ o:--! ::j~'.".,~l:::i r:';'i.n ::'\'l.-L'l: r::o!!l(~:p;-:;,
supra, Footnote 13.

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