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-7- we have assumed that power will continue to be sold at 4.7 mills at Parker-Davis after payout, and that Hoover power would be sold after payout at 4 mills. We recognize, however, that these figures are arbitrary and could be flexibly adjusted to meet future financing contingencies. If the economic guidelines outlined in this report were followed a highly favorable benefit-to-cost ratio would be assured, and the proposed Pacific Southwest development fund would produce all of the receipts and revenues needed to finance whatever water projects were authorized by the Congress. 14. To assure Congressional control over future developments to be financed from the Fund, we propose that the Fund serve as a source of revenues from which Congress might make appropriations, and that each future project require specific statutory authorization to participate in the Fund. 15. The Pacific Southwest region presents extensive opportunities for fish and wildlife and recreational development. The potential of regional power interties promises significant benefits. Water quality control and watershed management are important regional resource objectives. While programs to meet these needs and to take advantage of these opportunities are important parts of the Pacific SouthwestEpson Perfection 4870 Photo, 400 dpi, 8 bit, 14,092,288 byte