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CED-81-102 1 (1981-05-27)

handle is hein.gao/gaobabbzo0001 and id is 1 raw text is: Intc o t e ld th 6 a e n e ra l I$Tm . UNITEa-STATIZt GEtN f ONG OFFICE < COf '' of ASHINGTON, D.C. 20548 COMMUNITY ANO ECONOMIC RELEASED DEVELOPMENT DIVISION B-202671 MAY 27,1981 The Honorable George Miller House of Representatives Dear Mr. Miller: 1 50 115408 Subject: Information on the Resale of Federal Project Water Supplies by Intermediaries (CED-81-102) On April 8, 1981, we met with you to discuss our findings on your requests of April 30, 1980, and January 8, 1981, concern- ing the resale of Federal water supplied under contracts to State and local governments or districts (hereinafter referred to as intermediaries 1/). We agreed to provide information for five Water and Power Resources Service and Army Corps of Engineers reservoirs on the following matters: --Supplemental (in excess of amounts contracted for) water deliveries to intermediaries, their resales, and resale profits. --Requirements that the Resources Service and the Corps be notified of and approve intermediary resales. --Secretary of the Interior's authority to establish price and profit 2/ controls and to require expedited repayments for resales in contracts with intermediaries. 1/An intermediary is an entity that has purchased water or reser- voir storage space from the United States under a contract. The intermediary (or the United States on behalf of the inter- mediary) resells the water or storage space to a water consumer. For the cases discussed in this report, the intermediary (under a water resale agreement) only markets the water. The inter- mediary does not distribute, treat, or supply the water to consumers. In effect, the intermediary is the middleman between the United States that supplies the water and the consumer that uses the water. 2/For purposes of this report, profit is defined as the amount of the intermediary's revenues in excess of his/her costs from resales to water consumers. (085623) t*/737

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