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<br />The rc<conuo.ended plan should be formulated 150 that beneficial <br />and adverfle effecU tcward objectives :reflect, to tbe best of current <br />undet"standing and knowledge, the priorities and prclerence, ex- <br />prelleed by the public at all levels to be affected by the plan. A <br />recommended plan must ha.ve net nationa.l economlc development <br />bene[iu unless the deficlency in net bendih for the national. economic <br />development objective is the result of benefits foregone or additional' <br />costa incurred to Berve the envirorunental quality objective. In lIuch <br />cases, a plan with a le8s than W1ity benefit~cost balance may be <br />recommended as long a8 the net defici.t doee not exceed the bene!l.ts <br />foregone and the additional costa incurred for the environmental <br />quality objective. A DepartInent.al Secretary or head of an independent <br />. agency may make an exception to the net bene!iU rule if he determine a <br />that circumstances unique to the plan formulation proce88 warril.1lt <br />such e:ICception. <br /> <br />Council will establi8h a procedure for relating regional accounts to <br />tbe rest of tbe ~ation. The Ulle of such reporting regions will not, <br />however, rule out the use of other regions whOlle delineations are <br />important in measuring beneficial or adverse effecta on regional <br />development. <br /> <br />vu. COST ALLOCATJON, REIMBURSEMENT, <br />AND COST SHARlNG <br /> <br />A. Coet Allocation <br /> <br />o <br />o <br />o <br />C" <br />CJl <br />C<:J <br /> <br />In addition to the recommended plan with supporting analylis, <br />other lI~gnificant alternative plan!! embodying different priorities be- <br />tween the objectivel/. will be presented in the planning report. In- <br />cluded with the prel/.entation of alternative pIano win be a.n andYllill of <br />the trade of!9 among them. The trade offs will be set forth in explicit <br />terms, including the baBia for choolling the reconunended plan from <br />a.mong the alternative plans. <br /> <br />On the balis of the identification provided for i.J:l the.system of <br />accounts for beneficial and adverse dfedll, an allocation of appro- <br />priate CO!!ts shall be made when an allocatiOn of 'i=Ostll illl required for <br />purpolles ot" establishing reimbursement levelB, pricing policies, or <br />COllt 8b.aring between the F~deral Government and non~Federal public <br />and private: intere8tll. Each objectlve and eacb component of the <br />objective I shall be treated comparably in COllt allocation and each is <br />gene:rally entitled to illl fair ahaJ;e of the mutual advantages rellulting <br />from a plan. <br /> <br />B. Reimbursement and Cost SharinR" <br /> <br />VI. SYSTEM OF ACCOUNTS <br /> <br />Reim.burecmcnt and cost-sharing policies Ihall be directed gen- <br />erally to the end that identifiable beneficiaries bear atL equit...ble ebare <br />of cost comm.enllurate with beneficial effectll received in full cognizance <br />of the planning objectives. Since existing c;:o.t~!Iharing policies are <br />not entirely con.-iltent with this approach to planning water and land <br />resources, theae policies are being thoroughly reviewed after which <br />change II will be recommended. <br /> <br />A. syetem of public information a.ccountB will be establillbed that <br />displays beneficial and advene effet:tll of each plan to tbe objectives <br />and bendicial and adVer8e eHect& on regional development and eocial <br />well-being and providee a ba!!is for comparing alternative plans. The <br />display of beneficial and adver"e effects will be prepared in such <br />manner that the different levelB of achievement in each account can be <br />readily di8cerned and compared, indicating th~ trade oUs ;unong al- <br />ternative plana. <br /> <br />VIll. NATIONAL PROGRAM FOR FEDERAL AND <br />FEDERALLY ASSISTED ACTIVITIES <br /> <br />z <br />o <br />.... <br />n <br />m <br />'" <br /> <br />For pUrPOee8 of accounting, the distribution of beneficia.l and ad~ <br />Ver!!e effectll will be IIhown to whom.oever they accrue. This will <br />include dbplay of the distribution of effect II to: regionll, income cla88ee. <br />and interellt groupll relevant to the particular/plan and will reflect the <br />eClat information specified in Section VII below. The .yetem or. <br />account. will display the beneficial ~nd adver.e effects in. relevant <br />regione iD r~lation to the relit of the Nation. Tbe Water Resourcel <br /> <br />Tho principle I lIet forth iD this dQcUInltnt are concerned with al- <br />ternative plana for individual projects, State., regions, ot' river <br />balins. The evaluation. systematic display, and comparison of al- <br />ternaUve planll for a. project, State, region. or river basin provide <br />the ballb for lIelecting a l'ecoIIUnended plan. <br /> <br />17 <br /> <br />18 <br /> <br />FEDERAL REGISTER, VOL. 38, NO. 174-MONDAY, SEPTEMBER 10, 1973 <br /> <br />~ <br />'f- <br />-0 <br />