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Show 462 sistent with the Act "for a comprehensive plan for the develop- ment of the Colorado River and providing for the storage, di- version, and use of the waters of said river." 314 Subsequently, other multiple-purpose projects were author- ized on the lower Colorado River. Parker Dam was authorized in 1935, and Davis Dam in 1941.315 In 1940, Congress passed the Boulder Canyon Project Adjust- ment Act which provided for revision of the rate structure for the Boulder Canyon Project.316 This Act also created a Colo- rado River Development Fund into which is to be paid $500,000 per year for the 50-year amortization period of the project.317 The initial installments into this Fund were to be used for the formulation of a comprehensive plan for the utilization of water of the Colorado River system. Subsequent installments are to be used for the investigation and construction of projects in the Colorado River Basin. In 1949, Congress approved the Upper Colorado Basin Com- pact.318 Its statement of purposes is much the same as that in the Colorado River Compact.319 However, it apportions among the signatory States the waters apportioned to the Upper Basin by the Colorado River Compact.320 In addition, the compact creates the Upper Colorado River Commission, composed of four Commissioners representing respectively the States of Colorado, New Mexico, Utah, and Wyoming, and one representing the United States.321 In its First Annual Report, the Commission stated that it:322 looks toward the day when it may, by agreement with the Federal Government designed to assure protection of the broad national interests to be served thereby, 814 § 19, 45 Stat. 1065. 815 Act of August 30, 1935, § 2, 49 Stat. 1028, 1039; H. Doc. No. 186, 77th Cong., 1st sees. (1941). 816 Act of July 19, 1940, 54 Stat. 774, as amended, 43 U. S. G. 6I8-6I80. 317 § 2(d), 54 Stat. 774, as amended, 43 U. S. O. 618a(d) (Supp. III). 818 Act of April 6r 1949, 63 Stat. 31. 819 Art. I (a), 63 Stat. 31. 820 Art. Ill, 63 Stat. 32. These States are Arizona, Colorado, New Mexico, Utah, and Wyoming. 321 Art. VIII, 63 Stat. 35. 822 First Annual Report, Upper Colorado River Commission, p. 1 (1950). |