OCR Text |
Show -38- Appropriation-Allocation to Flood Control-Cost of Canal Reimbursable Under Reclamation Law Sections 2 and 3 authorize the appropriation of $165,-000,000, to be advanced to the "Colorado River Dam Fund" from time to time, upon order of the Secretary of the Interior, for carrying out the purposes of the Act. Of this sum, $25,000,000 is allocated to flood control and is to be repaid to the United States out of sixty-two and a half per centum of the profits, if any, from the power development. That portion of the fund which goes into the All-American Canal is (according to the provisions of Section 1, already alluded to) not to be a charge against power developed at Boulder Dam. The remainder is to be amortized in fifty years, out of the charge which the Secretary of the Interior is required to make for power. The appropriation of $165,000,000 is an increase of $40,000,000 over the appropriation originally proposed. The allocation of $25,000,000 to flood control, and extension of the amortization of this amount beyond the fifty-year period, was designed to increase the economic feasibility of the project and to placate Nevada and Arizona, since the reimbursement of this portion of the cost of the project would thus not take precedence over the right accorded to these States, elsewhere in the measure, to receive 18 3-4 per cent each of the surplus revenues, if any there be, from power. |
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Original book: [State of Arizona, complainant v. State of California, Palo Verde Irrigation District, Coachella Valley County Water District, Metropolitan Water District of Southern California, City of Los Angeles, California, City of San Diego, California, and County of San Diego, California, defendants, United States of America, State of Nevada, State of New Mexico, State of Utah, interveners] : California exhibits. |