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<br />.. <br /> <br />1 made available by it. The board shall not disburse any moneys <br />2 for any loan authorized by subsection (1) of this section unless <br />3 and until it is satisfied, in its sole discretion, that the <br />4 recipient of any such loan will be able to make repayment <br />5 pursuant to the terms and conditions established by the board <br />6 and subsection (4) ,of this section. <br />7 (3) In addition to any other appropriation, there is <br />8 hereby' appropriated, out of moneys in the Colorado water <br />9 conservation board construction fund not otherwise appropriated, <br />10 to the department of natural resources, for allocation to the <br />11 Co 1 orado water conservation board, the sum of fi fty thousand <br />12 dollars (S50,OOO), or so much thereof as may be necessary, for <br />13 grants to water users' groups to purchase systems and coordinate <br />14 operations of data processing systems to facilitate handling of <br />15 well pumping data by water user groups in the Arkansas river <br />16 basin. Moneys appropriated in this subsection (3) may also be <br />17 allocated to the division of water resources for systems <br />18 necessary for such coordination. The appropriation made in this <br />19 subsection (3) shall be available for the fiscal years beginning <br />20 July I, 1996, July I, 1997, and July 1. 1998. <br />21 (4) The board shall approve or deny loans pursuant to <br />22 subsection (1) of this section based upon criteria including but <br />23 not limited to whether: <br />24 (a) The source of augmentation water is from a reliable, <br />25 permanent supply; <br />26 (b) The applicant has adequate security or collateral to <br /> <br />-3- <br /> <br />124 <br />