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. PROJECT REPAYMENT ~ repayment analysis of the Colorado River StoraBe project and par- ticipating projects has been made to demonstrate how repayment of reim- bursable construction costs of the project, including interest during construction, can be accomplished in accordance with the provisions of the authorizing legislation. Costs allocated to recreation and to fish and wildlife are made nonreimbursable by the authorizinG act. Costs allocated to flood control are also nonreimbursable. Costs allocated to irri~ation, power, and municipal and industrial water use, which repre- sent more than 99 percent of the project cost after deductions are made for contributed funds and nonreimbursable investigation expenditures, are reimbursable. . Reimoursable costs except as noted below will be repaid in a period of not more than 50 years from the date of completion of the respective storace units, participating projects, or separable features thereof, following in the case of irrigation a suitable development period of not more than 10 years. Irrigation water users will repay in accordance with their estimated ability for a period of 50 years e~cept as otherwise pro- vided by separate authorization acts for the Eden and Paonia projects. Project repayment concracts will be executed with conservancy-type dis- tricts which have the capacity to levy assessments upon all taxable real property located within their boundaries to assist in paying project costs. Municipal and industrial water users will repay with interest at 2 7/8 percent the full cost alloc~ted to municipal and industrial 'Jater. Power will be sold at rates at which all costs allocated to power will be repaid with interest at 2 7/8 percent and revenuee will be pro- vided to assist in the repayment of irrigation costs. Upper Colorado River Basin Fund All revenues collected in the operation of the Colorado River Stor- age project and participating projects will be credited to and disbursed from the Upper Colorado River Basin Fund as provided by the project authorizing act. Accounting records for the basin fund will be main- tained to show: (1) source of revenue and (2) the application of total revenues received into the fund. Surplus revenues in the basin fund, as defined in Section 5 (e) of the act of April 11, 1956, will be used to repay irrigation costs of participating projects that are beyond the repayment ability of the project irrigators. Surplus revenues remaining in the basin fund from participating projects will be apportioned to the state in which such participating project is located and surplus revenues from the storage units will be apportioned by States as shown below. . Colorado Utah 46.0 percent 21. 5 percent Wyoming New Mexico 15.5 percent 17.0 percent 44