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The Da il y Sentinel April 27, 1960 R~~J:If:~1 Mt , ~ - 19SQ 1r;lI:t~ "'SE.p.'II'Il',-" Aspinall, Budget Official Talk' On ~:urecanti I nterest Rates Ipla., ace shaping up /or adion OD mon formola tbe iDterest on on r ;lhr Upper CoJora~o lnlerest rate.11 Upper Colorado project started I But nothIng deflnlte has been de- now would he about 25;6 per cenl.. WASHI\"GTO:l Chall n1::in: I hUe I d ! ' . cided vet. Under t e present pper 0 ora 0 1,\ ;1\..ne ~. A<,:plT all r f).Coln' nf the The "House Reclamation Subcom- I formula the inlerest rate on proj.' . H"Il~p Interior COmlnlllf'E" l!:lo a . I d Id b ffilttee this next \\.eek WIll ta\.;e up eets to be starte DO"' wou e, ",\('('kt>nrl confelPrIl:t' \\Ilil rl_CPlllY the ~orman. Okla.. reclamatl.m:.tlll per cent. Curecanh 15 the new:1 budget dlrf'ctor F:llllt I' R. ...taa:,. . '. . . .proJect whIch COntdlns a fIdel' nylLpper Colorado !tOlage UDlt to be i1bO\1I 1owe\'lng the Cllrecanlt- In- ~ '., . I Anderson to lower the Cpper tala. I started thiS year. I te-re~t rale-, 'r.ado intere~t ralp . the And.' In an ohviOl1S effort to dynamite The mf'efing was held at ....spi.; I the ~orman bill out of the House I 11illl ... rl'yuf'st a' hl<:; committee of- Intel;or Committet'", Anderson and i 't' HI' -"tadts and Sidney t. Me. Sen. Dennis Ch-avez (D-NMl on, I- :tlli1nd sTaff director o( the com- April 7 asked rhe Senate Appro-I :llllle'O'. '.\ ('re. in attendance, pflations Cc..mmJlIE'e' 10 dl"n\' fundo; i .-\'pinilll told he prf'SS (ollowing to start ClIrecanti until .~ll\ n llmf' , (ill' m~ting: "''r'e are looking f{lr all both Houses of Congress are ;'II; p.-f./llllahlf' solution to the high given an opp0rlunll\' to E"nact . illif're.'lt rate on Cur{'caoli. Curecan. legislalloll to adjust the manner in ,Ii i8 indl'ed one of the integrated ......hICh IFpper Colorado I interest . plnjerl<ll f)f the Upper Colorado rates are to be compulE'd, Gov. ~Iura!:!e Act. It shouJd be construct-: John Burroughs r D-!'lM 1 and ~ew ed. e\'en though it is somewhat of' \1('l(ICO State Engineer Steve Rey- : a drag on the Upper Colorado Bas-. nolds di.d ]Ikewise In testimony be- ,ill Fllnd. becau~e It will provide fore ttle House Appropriations I fM power 10 Colorado when It Is Committee on April 11. . bllllt and linked by transmissioll Since", meetmg wlIh Aspinall, lines with the (.the'I' great power' Gov. Steve MCNichols f 0'(0]0', :dams ryf the.UP1)er Colorado proj.' Sen. John A. Carroll (D-Colo\ Bnd f'{"t at G]en' Canyon and at Flam. Fe]ix L.. Sparks, director o( the inR; Gorge," Asp.nallllald, Co lor ado WBtf'r Consen'ation "Certalnly CUl'ecanti is 1:I:0t .5 Boarrl hlrl hNe A~nl 12, Ander- much o( a drag on the Bal!lln Fll.qd "I'D Ull. "'''Ilpnpd t-,'5 8llllude to- a.' N~vaJo dam. whicb must be Word C'Olnr;:lrlr paid enllrely out ,)( ~_Ballia Fund~ The probll''ll j.~ that the whole hecause Navajo Ilam generates no interf'"t rate question is a mess, power," Aspinall said. not only for the Upper Colorado It is possihle that the interest projects bur for all rec:lamation . rate is too low on many water projects. For instance, the Budget projects, as cOIlteoded by the Burr-au hCiS fa\'ored two dIffer. Budget Burli'au. Aspinall said. ell! InlNeSl rates during the last "Bllt the current Upper Colorado .\'par on both tne Norman project interest rate, proposed by the Budg- and tht' r'rymgpan-Arkansa~ proj- et Bureau is too high. There is, t'cl. , I no reaSQJl Ythy Curecanti should I be the goat becimse of the high rate," AspInall ceelared. I Staats is sympalhl"tic With the problem. Aspinall said, He antici- pated further word from Budget about its positioll 011 the Upper Colorado interest rate within the neXl few days. TI1{,I'e was som,~ judlcatiolf that. " ~ From Th... Pail,'" Sentinel Wasbinglon Bureau