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columbia river basin fish and wildlife program annual ...

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----- INNOVATIVE FUNDING OF HUNGRY HORSE/LIBBY MITIGATION(Fund the Montana Wildlife Trust)MITIGATION FUNDING1003(b)(7)[Abstract] Bonneville shall implement Council approvedmitigation priorities <strong>and</strong> plans at Federal Projects. Councilapproved mitigation plans <strong>and</strong> priorities for Libby <strong>and</strong> HungryHorse Dams are listed in Table 4 of the 1987 Fish <strong>and</strong> WildlifeProgram.ACTION ITEM ACTIVITY SUMMARY:Objectives:Implement the Wildlife Mitigation Agreement (Montana Trust Fund)negotiated between BPA <strong>and</strong> the State of Montana for funding <strong>wildlife</strong>mitigation for Libby <strong>and</strong> Hungry Horse dams.Backqround <strong>and</strong> Progress to Date:Plans:BPA <strong>and</strong> the State of Montana signed a mitigation agreement inDecember 1988. The agreement establishes a $12.5 million Trust Fundto finance <strong>wildlife</strong> mitigation for Libby <strong>and</strong> Hungry Horse Dams. BPAmade its first payment of $2 million to the Trust Account in December1989.BPA plans to make its scheduled payment to the Trust account inDecember 1990.2 4 3

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