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Show 574 electric integration, greater benefits can be derived than when the same projects are operated independently.427 Project Financing In discussing legislative review in connection with project selection, we noted the general necessity for annual appropria- tions in the financing of water-resource projects. Annual ap- propriations from the general fund of the Treasury are in fact the means by which most such projects have been financed. Special Funds.-A substantial portion of water-resource project financing, however, is accomplished through the me- dium of special funds. But the establishment of such funds does not remove the financing process from legislative scrutiny since each agency must submit to Congress its annual budget program and summary of project activities for review by the appropriation committees of Congress.428 In most cases, as we shall see, the use of such a fund requires affirmative appropria- tion action. In general, the effect of such a fund is to segregate from the general fund of the Treasury an amount to be expended for specified purposes. Reclamation Fund.-The outstanding example is the Recla- mation Fund created for financing irrigation works and activi- ties by reserving, setting aside, and appropriating moneys re- ceived from the disposal of public lands in the 16 Western States and Territories named in the Act.429 After the Act creat- ing the Fund was judicially determined in 1909 to be an appro- m For example, it is estimated that the operation of Hungry Horse Dam in Montana in coordination with downstream dams of the Columbia Eiver system will produce 400,000 more kilowatts of firm power than would the isolated operation of this dam. Advance Pbogbam of Transmission System Development, 1950-1956, Bonneville Power Administration, p. 26 (1950). ™ Act of June 10,1921, 42 Stat. 20, as amended, 31 U. S. O. 1 et seq.; Ex. O. No. 9384, October 4, 1943, 8 F. R. 13782, 31 U. S. C. 21 note following. See the definition of "appropriations" in the Act of September 12, 1950, Title I, Part 1, § 101, 64 Stat. 832, -. m Act of June 17,1902, § 1, 32 Stat. 388, as amended, 43 U. S. C. 391. For a more detailed discussion of the Fund, and reference to the addition of Texas as the 17th state, see supra, pp. 198-202. |
