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<br />~...)
<br />
<br />STATE COST SHARING
<br />
<br />6. (a) The Bureau of Reclamation and the Deparbnent of the Interior
<br />are committed to completion of the Project. The State of Colorado agrees herein
<br />to cost-share one-third of the costs in excess of $75,000,000 or $6,000,000,
<br />whichever is less, as specified in section 109 of the authorizing legislation,
<br />It is agreed by the parties that the State's contributive funds will be applied
<br />upon the award of a contract for the construction of Stage 5 laterals.
<br />
<br />(b) Within 30 days after the award of a contract for construction
<br />of Stage 5 laterals, the United States Shall notify the State in writing that
<br />such event has occurred. Within 45 days after receipt of such notice by the
<br />State, the State shall pay to the United States one-third of the construction
<br />costs, including administrative costs, which have been incurred in excess of
<br />$75,000,000 through the end of the quarter immediately preceding the occurrence
<br />of the said event.
<br />
<br />(c) After making the one time payment pursuant to subarticle (h)
<br />herein, the State shall make further payments to the United States as
<br />follows:
<br />
<br />(1) For the quarter immediately following the quarter
<br />through which payment is made pursuant to subarticle (b) hereof, the State shall
<br />pay to the United States, within 45 days of receipt of the. notice, one.third of
<br />the projected construction costs, including administrative costs, which the
<br />United States has estimated pursuant to Article S(a) herein, will be incurred
<br />in that quarter.
<br />
<br />(2) For each quarter thereafter, the State shall pay to the
<br />United States, within 45 days of the first day of a quarter, one-third of the
<br />construction costs, including administrative costs, which the United States has
<br />estimated pursuant to Article 5(a> herein will be incurred during a quarter,
<br />minus such credits or plus such debits as required to account for over or under
<br />payment by the State to the United States" relative to costs actually Incurred
<br />during such quarter as reflected in the statements provided pursuant to Article
<br />5(/~) .
<br />(d) The United, States understands and agrees that the State's
<br />obligation to make payments to the United States pursuant to this Article 6 is
<br />limited to one-third of the construction costs, including administrative costs,
<br />in excess of $75,000,000 or to $6,000,000, whichever is less. The United States
<br />further understands and agrees that it is obligated to complete the entire
<br />Project, subject to the availability of Congressional appropriations and the
<br />$94,000,000 appropriations ceiling in section 109 of the authorizing legisla-
<br />tion, even if the State's limit of $6,000,000 is reached and no further monies
<br />are forthcoming from the State.
<br />
<br />(e) Monies paid by the State to the United States pursuant to
<br />this Article 6 shall be non-reimbursable.
<br />
<br />(f) Within 60 days of completion of construction of the
<br />entire Project, the United States shall provide to the State a complete and
<br />final accounting of total construction costs, including administrative
<br />costs, which final accounting shall detai 1 and itemize all costs incurred,
<br />identify expenditures of federal monies by the United States in excess of
<br />$75,000,000, and identify the receipt and expenditure of State monies.
<br />
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