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<br />Irrigation water users would. pay their annual operation, maintenance,
<br />and replacement costs, which are estimated to be $72,100. The con-
<br />struction costs allocated to irrigation ($26,881,000) would be
<br />interest-free and would be repaid in 50 years following development
<br />periods of 10 years for full service and 3 years for supplemental
<br />service lands from the following sources: water users, $3,195,000;
<br />ad volorem taxes, $2,496,000; and apportioned revenues from the
<br />Colorado River Storage Project, $21,190,000.
<br />
<br />Assuming prior repayment assistance commitments in Colorado for the
<br />Paonia, Smith Fork, Florida, Silt, Bostwick Park, Fruitland Mesa,
<br />and Savery-Fot Hook Projects which are either constructed, under
<br />construction, or authorized participating projects, and with allowance
<br />for prior repayment assistance for the Animas-La Plata and Dolores
<br />Projects which have been, or are being, considered for authorization
<br />as participating projects, it has been determined that revenues would
<br />become available as needed to complete repayment in 50 years.
<br />
<br />The municipal and industrial water users would repay the costs
<br />($4,620,000) allocated to that purpose with interest, including interest
<br />during construction, as well as all annual operation, maintenance, and
<br />replacement eosts f~r that purpose, which are estimated to be $6,800.
<br />The allocated construction costs would be repaid in 50 years with the
<br />exception of the prorated costs for 4,000 acre-feet of water supply
<br />for which repayment is deferred 10 years under the provisions of the
<br />Water Supply Act of 1958, as amended. The interest during construc-
<br />tion on municipal and industrial water supply is estimated to be
<br />$290,400 at 3.222 percent current interest rate. The actual rate of
<br />interest to be used, however, would depend on the rate certified by
<br />the Secretary of the Treasury as applicable in the fiscal year in
<br />which construction is initiated, as provided by the Colorado River
<br />Storage Project Act, as amended. by the Act of June 27, 1960 (74 Stat.
<br />225) .
<br />
<br />The separable costs of the project allocated to recreation ($1,091,000)
<br />and fish and wildlife enhancement ($308,000) would be shared between
<br />the Federal Government and the State of Colorado pursuant to the pro-
<br />visions of the Federal Water Project Recreation Act (1'. L. 89-72).
<br />In addition to paying annually the reimbursable operation, maintenance,
<br />and replacement costs of $83,900 for recreation, the State of Colorado
<br />would repay, within 50 years, $8,000 of interest during construction
<br />and $699,500 of the separable project costs allocated to recreation
<br />and fish and wildlife enhancement. A copy of letter dated February 21,
<br />1966, from the Governor of Colorado expressing the intent of the State
<br />to administer the project land and water areas for recreation and fish
<br />and wildlife enhancement and to share the separable eosts thereof is
<br />included with the Regional Director's report (pages 69 and 70). The
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