Difference between revisions of "The Basin Fund"
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*Legislation requires full cost recovery, meaning, total revenue equals total costs. Profits are not allowed. | *Legislation requires full cost recovery, meaning, total revenue equals total costs. Profits are not allowed. | ||
*Total annual revenue and costs for the SLCA/IP is about $200 million/year [https://www.usbr.gov/uc/progact/amp/amwg/2016-08-24-amwg-meeting/Attach_08.pdf] | *Total annual revenue and costs for the SLCA/IP is about $200 million/year [https://www.usbr.gov/uc/progact/amp/amwg/2016-08-24-amwg-meeting/Attach_08.pdf] | ||
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+ | ! <h2 style="margin:0; background:#cedff2; font-size:120%; font-weight:bold; border:1px solid #a3b0bf; text-align:left; color:#000; padding:0.2em 0.4em;"> How do experimental flows impact the Basin Fund? </h2> | ||
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Revision as of 16:17, 18 May 2023
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The Upper Colorado River Basin Fund (Basin Fund) was established under Section 5 of the CRSP Act. The CRSP Act 'authorized a separate fund in the Treasury of the United States to be known as the Upper Colorado River Basin Fund... for carrying out provisions of this Act other than Section 8'. Money appropriated for construction of CRSP facilities, except recreation and fish and wildlife facilities constructed under Section 8, is transferred to the Basin Fund from the General Fund of the Treasury. Revenues derived from operation of the CRSP and participating projects are deposited in the Basin Fund. Most of the revenues come from sales of hydroelectric power and transmission services. The Basin Fund also receives revenues from M&I water service sales, rents, salinity funds from the Lower Colorado Basin (as a pass-through for the Colorado River Basin Salinity Control Program), and miscellaneous revenues collected in connection with the operation of the CRSP and participating projects. Revenues and appropriated funds are accounted for separately in the Basin Fund. [1] |
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