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<br /> <br />. - <br />L:"'~, <br /> <br />26 <br /> <br />"ETHOPOI.JT.-\~ WATER DI."'THICT <br /> <br />control is deferred without interest until after the expiration of <br />the present contracts. Certain additional payments are to be made <br />annually for the benefit of the states of the Colorado River Basin, <br />The allotments of energy remain unchanged, <br />An important result of the act is a reduction of 28.6 % in the <br />firm energy rate which will effeet an immediate saving to the Dis. <br />tl'ict of approximately $700,000 per year. The rates are retroactive <br /> <br /> <br />~... .... <br />.:,: 7~. <br /> <br />~~ <br />" .... <br /> <br />Vtrficu! liyhtning (lrn'.-:t('r$ <br /> <br />to June 1, 19:17, and credits will be ~ivell for overpayments prior to <br />the effective date of the act. <br />The new rates are b<tsed on the cost of constructing and operating' <br />the project, and are computed to be such as will yield for the 50- <br />year period ending ~Iay :11, 1987, revenues which, together with <br />the re\"ellues from the &"lle of stored watt'I', will he sufficient, but <br />not more than sutficient, to provide the following amounts: <br /> <br />(1) The C<l~l of t;>p..ration and mainlf'h"nrf' of th.. ";1m ll,,,l appurl..'umct'll <br />udu~i\l" of Io!"nt'ralin~ ....uipml'ht; <br />(2) The annuily Tf'quitl"tJ for lilt> purpo-"'l' of mef'lin,:- tht> rosls of I"l"l,brt'- <br />mt>nl, of I'an~ of lh.. .-Jam :m.-J ai'pun"nalll .mrks durin!,: th!.> 5O-p:ar <br />pt'ri<><l: <br />131 Th" sum of $.300,000 anhuall~' 10 ..aeb of th.. ~Ial"" of .\rizona and <br />:\""ada: . <br />f41 Th" sum of 1500,000 aoou,1I]y 10 lh" Colorado Ri~~r dnelopmorhl fund; <br />(51 The aonuit~ rt"(juirord 10 r"ra~' ....ithin 50 }I'US (h" ad\line~ ma.l" for <br />Ih" renslruf"tion of Ih.. dam and Dl'l'url"nanrN. l....s 125.000.000 <br />alln<'31l'd 10 flood eonlroJ. <br /> <br />