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Show 595 tratively construed as permitting the application of interest, collected as a component of power rates, to the return to the United States of irrigation costs to be borne by power.543 The Tennessee Valley Authority contains an authori- zation for the sale of power subject to the policies of the Act, which includes this statement: 544 It is declared to be the policy of this Act that, in order, as soon as practicable, to make the power projects self- supporting and self-liquidating, the surplus power shall be sold at rates which, in the opinion of the Board, when applied to the normal capacity of the Authority's power facilities, will produce gross revenues in excess of the cost of production of said power * * *. Similarly, in the Boulder Canyon Project Act, the statute refers to the generation of electric energy as a means for making the project "a self-supporting and financially solvent under- taking." 645 Moreover, the appropriation and expenditure of moneys were here made dependent upon execution of power contracts to meet expenses of operation and maintenance, and the repayment, within 50 years from the date of completion of the dam and power plant, of all advances made for construc- tion including an allocation to flood control, with a provision for interest at 4%. Modification of this arrangement was pro- vided for by the Boulder Canyon Project Adjustment Act, but it nevertheless proceeds on a theory of return of costs, excluding the allocation for flood control.546 Drainage.-Just as in the case of Army Engineer flood-con- trol projects, provision is made for. return of costs of major drainage operations by the Army Engineers only to the extent that local contribution may be required.5*7 543 See supra, n. 220, p. 296. 644 Act of May 18,1933, § 10, 48 Stat. 58, 64, as amended, 16 U. S. O. 831i; Act of August 31, 1935, § 8, 49 Stat. 1075, 1077, see 16 U. S. O. 831m. 640 Act of December 21, 1928, § 1, 45 Stat. 1057, 43 U. S. C. 617. 648 Act of July 19, 1940, § 1, 54 Stat. 774, 16 U. S. C. 618. See also supra, pp. 301-302. 647 Act of December 22, 1944, § 2, 58 Stat. 887, 889, 33 U. S. O. 701a-l. See supra, p. 592. |