Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />"Sec. 502. The Upper Colorado River Basin Fund <br />established under section 5 of the Colorado River <br />Storage Project Act (70 Stat. 107; 43 U.S.C. 620d) shall <br />be reimbursed from the Colorado River Development Fund <br />established by section 2 of the Boulder Canyon Project <br />Adjustment Act (54 Stat. 774; 43 U.S.C. 618a) for the <br />money expended heretofore or hereafter from the Upper <br />Colorado River Basin Fund to meet deficiencies in generation <br />at Hoover Dam during the filling period of storage units <br />of the Colorado River storage project pursuant to the <br />criteria for the fillinq of Glen Canyon Reservoir (27 <br />Fed. Req. 6851. July 19 , 1962). For this purpose, <br />$500,000 for each year of operation of Hoover Dam and <br />powerplant, commencing with fiscal year 1970, shall be <br />transferred from the Colorado River Development Fund <br />to the Upper Colorado River Basin Fund, in lieu of <br />application of said amounts to the purposes stated in <br />section 2 (d) of the Boulder Canyon Project Adjustment <br />Act, until such reimbursement is accomplished, To the <br />extent that any deficiency in such reimbursement remains <br />as of June 1, 1987, the amount of the remaining deficiency <br />shall then be transferred to the Upper Colorado River <br />Basin Fund from the Lower Colorado River Basin Develorment <br />Fund, as provided in subsection (q) of section 403." <br />(Emphas is added) <br /> <br />4, Comparison of Sections 502 <br />of p, L. 90-537 and H. R, 4671 <br /> <br />These provisions are the same in substance and <br /> <br />represent the implementation of the Seven-State Agreement. The <br /> <br />only change is the clarifying amendment providing that reimburse- <br /> <br />ment of the Upper Colorado River Basin Fund is for "the money <br /> <br />expended" from the fund, instead of for "all expenditures" <br /> <br />made from the fund. This change merely makes the term "expendi- <br /> <br />tures" more precise. It does not affect the terms of the Seven- <br /> <br />State Agreement, stated above (Point L-C at page 5) <br /> <br />-8- <br />