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B. Legislation for Authorized Projects The Colorado Ri ver Storage Project was iauthori zed by Pub1 ic Law 84-485 on April II, 1956 as a comprehensive, basin-wide plan for development of the water resources of the Upper Co1~rado River 8asin. Codified at 43 USC 620 et seq., the legislation authorized the construction of four storage units, three of which have powel facilities. There are now 20 Participating Projects, 10 of which were authorized by Public Law 84-485, and 10 by subsequent Acts of the Congress. Public Law 84-485 provides that power ~evenues must pay all annual power operation, maintenance, and replacement (OM&R) costs and all annual stor- age unit irrigation OM&R costs except those paid by the municipal and industrial (M&l) water users. Further, the power revenues must repay all power investment costs with interest in 50 years, all storage unit irri- gation investment costs in 50 years except those paid by the ~1&1 water users, and all participating project irrigation investment costs in 50 years from the end of any development period, except those paid by the irrigation and M&l water users. Power revenues also must pay the salinity control construction and OM&R costs whjch are allocated to the Upper Colorado River Basin to comply with Public Law 93-320, as amended. Collected power revenues are credited to the Upper Colorado River Basin Fund. M&l and irMgation revenues are, also credited to the Basin Fund. Storage project power revenues and CRSP M&l revenues in excess of annual amounts needed for annual operation, maintenance, and repl~cement costs and repayment of CRSP investments are available in the U.S. Treasury for apportionment among the Upper Basin St:ates for use by Participating Projects. The statutorily mandated percentages for apportionment are: Colorado (46 percent), New ~1exico (17 'percent), Utah (21.5 percent), and Wyoming (15.5 percent). Revenues so apportioned are authorized for use in the repayment of irrigation costs of existing and future Participating Projects to be constructed in each State. Figure 4 shows the revenues that go into the Ilasin Fund and the purposes for which those funds presently can be used. A substantial number of projects in the Upper Division were authorized under various legislative acts, but were not designated as Participating Projects of the CRSP. These projects iare called nonparticipating projects or other authorized projects in this ~eport. CRSP power revenues cannot presently be used to finance new cons~ruction of Participating Projects or the construction or repayment of other authorized projects. C. Present Colorado River Storage Project Power Marketing Criteria Colorado River Storage Project power is sold pursuant to marketing criteria published in the FEDERAL REGISTER. The original 1962 CRSP General Marketing CriteMa were rep1a~ed by the current marketing cri- teria, found at 43 FR 5559 (February ~, 1978) as revised by 49 FR 661 10