OCR Text |
Show the direct use of the facilities of the Colorado River Storage Project or any other project and an appropriate share of the costs of the Colorado River Storage Project; (3) which are able, with their anticipated revenues from irrigation, based on the irrigators' ability to pay, to meet the operation, maintenance, and replacement costs allocated to irrigation and to pay within a period of fifty years following a suitable development period at least part of the construction cost allocated to irrigation ; (4) which have available, to aid them, an appropriate district, preferably of the water-conservancy type, which is satisfactory to the Secretary, one purpose of which shall be to provide revenues for the project over and above those paid by the irrigators, to assist in repayment of construction costs allocated to irrigation; (5) which do not require assistance from the Upper Colorado River Account in an amount which, taking into consideration the prior obligations of the account and its anticipated revenues from existing and authorized units of the Colorado River Storage Project, will leave the account in ,a deficit position at the end of the participating project's payout period as specified in (3) above or will require an increase in the general level of the Colorado River Storage Project power rates; (6) for which pertinent data sufficient to determine their probable engineering and economic justification and feasibility shall be available. It is likewise declared to be the policy of the Congress that a new project, unit, or phase thereof shall be authorized as a participating project only when and to the extent that all sources of revenue directly available to said project, unit, or phase are insufficient to return its reimbursable costs during a 50-year payout period. The charges to the Upper Colorado River Account arising out of authorization of any participating project which commingles the waters specified in subsection (1) of this section with other waters shall not exceed an appropriate share 4)f the cost of the works required by that project to use the water specified in said subsection (1). No project, unit, or phase thereof shall be eligible to participate in the Upper Colorado River Account save upon authorization by the Congress. -85- |