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Show APPENDIX H 285 Repayment Only 3% of the capital investment would be non-reim- bursable. The rest will be returned to the treasury in power and water revenues. Interest will be paid to the Treasury on the power and municipal and industrial water investment, and this investment can be repaid within fifty years from completion of each unit. Irrigation investment in each project would be repaid within fifty years from the end of the statu- tory development period. The House bill permits a longer period for repayment with interest of the power investment, but Interior's plans require a fifty-year repayment. Echo Park Controversy The House bill does not include Echo Park Dam. As noted above, the dams included will provide about the same amount of storage. The Senate bill would authorize Echo Park, and the matter will have to go to conference. Congressmen Engle and Aspinall, in charge of the House bill, assured the Rules Committee that they would let the bill die in conference before agreeing to authorize Echo Park Dam in this bill. Furthermore, the Conference report must be approved by House vote, and the House thus can stop any effort to put it in the bill, if that is the will of the majority. Echo Park Dam is not indispensable to the financial or engi- neering success of the project, so passage of the bill does not commit the government to build the dam at a future date. Crop Surpluses These projects would not add to the national basic crop surplus problem. It will take at least twenty years to complete the project and thirty to reach full development. At the rate of growth indicated by the Census Bureau it would take 700,000 new acres of land to care for the population increase of the Upper Basin alone. HR. 3383 authorizes projects to provide a total or partial water supply to only 366,000 acres, of which only about 120,000 would be newly irrigated land. Furthermore, half of the land to be served is now in surplus |