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<br /> <br />. <br /> <br />. <br /> <br />I irrlgotlon assistance to water users on the participating <br /> <br />2 projects. This irrigation assistance is to come from excess <br /> <br />1 project revenues which are distributed among the various states <br /> <br />4 according to specified percentages. Colorado, 4G percent; Utah, <br /> <br />5 2],5 rerce~t; Wyoming, ]5,5 percent, and New Mexico, 17 percent. <br /> <br />G The accumulation of revenues apportioned to each state Is <br /> <br />7 essential to th~ development of the Upper Basins compact share <br /> <br />8 _~f the w~ter of the Colorado River. The secretary of Interior <br /> <br />r- <br /> <br />'J CMlnot proc<,e<l .lith the construction of an 1.n(livl,'lIal <br /> <br />]01 pilrtidpatlng proj<,ct .lithin the houndarles of any state until <br />, <br /> <br />]1 the prospective unasolgned revenues apportioned to that state <br /> <br />12 ,lrf' "<lequat,, to "ssure repnyment within the specific time <br /> <br />13 I pf'rio(l. 'rhis rnc(:H1!:~ th(lt it is necessnry to nccumulate <br />\ <br /> <br />14 prospective excess revenu<,s for a period of time until such a <br /> <br />15 showing can he made. <br /> <br />, <br />IG Section G of Puhllc Law 485 states, " On January 1 of each <br /> <br />17 year, the secretary. shall report to Congr~ss for the previous <br /> <br />IP fiscal year, beginning the fiscal year 1957, upon the status of <br /> <br />19 revenues from, and cost of, construction, operating and <br /> <br />I <br /> <br />20 maintaining the Colorado River Storage Project and the <br /> <br />2] participating projects. The Secretary's report shall be <br /> <br />I <br />I <br /> <br />2? rreparc~ to reflect nccur~tcly the federnl investment allocated <br /> <br />23 at that time, to power, to Irrigption, and to other purposes, <br /> <br />I <br />I <br /> <br />24 the progress of return, an,l rep"yment thereon, and the <br /> <br />25 estimated rate of progress, yeRr hy year, in accomplishing full <br />?Q <br /> <br />Interll1ol,nt,dn Court Reporters <br />