OCR Text |
Show 5. that revenues in the Basin Fund in excess of amounts needed to defray costs under (2), (3), and (4) above shall be apportioned within the Basin Fund to the credit of the States as follows: Colorado _________________________________46.0% New Mexico _____________________________17.0% Utah ___________________________________21.5% Wyoming ------------------------------------------------15.5% for the purpose of returning the costs of irrigation allocations of participating projects within 50 years that are beyond the ability of the water users to repay; 6. that if a participating project has power and/or municipal water facilities in addition to irrigation facilities, it must pay from its own revenues the operation, repair and maintenance and emergency charges for all its facilities, repayment of its power costs .and its municipal water costs, and interest on its own power and municipal water investments; Based on the Colorado River Compact of 1922: Consumptive use of the waters of the Colorado River System was divided between the Upper Basin (Colorado, New Mexico, Utah, Wyoming) and Lower Basin (Arizona, California, Nevada) by the Colorado River Compact of 1922. Subject to the provisions and limitations contained in the 1922 compact, the five states of the Upper Basin in 1948 agreed under the terms of the Upper Colorado River Basin Compact to an apportionment of waters allocated to the Upper Basin in the following manner: Arizona (a lower basin state)_______50,000 acre-ft. per yr. Colorado __________51.75% of the balance New Mexico_______11.25% of the balance Utah_____________23.00% of the balance Wyoming__________ 14.00% of the balance The Upper Colorado River Basin Compact also created the Upper Colorado River Commission, through which the four Upper Division States (Colorado, New Mexico, Utah and Wyoming) act as a unit in securing the expeditious agricultural and industrial development of the Upper Basin. 7. that after all the costs of (6) are paid from the revenues of the participating project, if there are excess revenues remaining in the Basin Fund that were derived from its own power and/or |