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4:i.GS ..... " . . from~. Sparks', Director of the (.:llora~o Water ~lon Board. ThlS letter contains the followi~ YOur proposed report indicates that the total reimbursable investment allocated to municipal and industrial water supplies for use in Colorado west of the Continental Divide can be reasonably expected to be repaid with interes~ under the provisions of the Water Supply Act of 195~, Public Law 85-500. Your proposed report states further that in th~ absence at this time of agencies or organizations qualified to contract for repayment of the cost assigned to such deferred municipal and industrial water supply, it will be necessary that the State of Colorado, prior to transmittal of this report to the Congress, furnish assurance as to future repayment as required by the Water Supply Act of 1958. (, It is the purpose of this letter to furnish such assurance. We anticipate, as does your report, that commercial development of Colorado's oil shale reserves will create a f~ture market for the municipal a~d ind~strial water SUPPLY that would be provided by Ruedi Dam and Reservci,. Should such a market, however, not develop to a degree sufficient to return costs' allocated to municipal and industrial water supply, the Stat~ of Colorado wil~ under- take prepayment of the portion ne~essary' to assure full repayment of the municipa~ and industrial water supply costs. In my review of the legislative histor~ of the Fryingpan- Arkansas project, I have been unable to find any direct reference to the Water SUPPlY Act of 1958 except for what is quoted .atlove. .The State of Colorado fr.2l!'. my review of the legislative history has never withdrawn;rretter of Novemp~r 24, 1959 quoted above,? Tn 1961 at the iiouse hearings of May l5 and 16, 1961, '1r. Sparks speaking as the Director of the C010radc Wate~ Consc~vation Aoard did state at page 149: 7