FIN 07-20

Attachment A
Figure 2

Reclamation Manual
Directives and Standards
INTEREST DURING CONSTRUCTION
EXAMPLE OF COMPUTATION - NEW CONSTRUCTION

GENERAL INFORMATION

Construction began in 1987. Repayment contract X-XX-XX-XXXXX with the New Irrigation District covers repayment of municipal and industrial water and recreation costs. The contract includes contributions of $30,000,000 allocable to all project functions. Power costs are to be repaid by the New Power System.

Applicable multipurpose allocation percentages and interest rates include:

 

 Current multipurpose allocations

IDC Interest rate

Authority for interest rate
Power

30.000%

8.890%

 1987 power repayment rate
 M&IW

40.000%

10.693%

 1987 rate per Water Supply Act & Repayment Contract
Recreation

10.000%

10.693%

 1987 rate per Water Supply Act & Repayment Contract
Fish/Wildlife

5.000%

    
Flood Control

15.000%

    
Total

100.000%

    

The recreation, Fish and Wildlife, and flood control multipurpose functions are nonreimbursable. Fifty percent of the single-purpose recreation costs are reimbursable.

 Acronyms: CY Current Year
  IDC Interest During Construction
  M&IW Municipal and Industrial Water
  ND Net Disbursements
  PY Prior Year

(020) 4/1/96