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<br />. <br />, <br /> <br />il. <br /> <br />Status of Construction Fund <br /> <br />Table 2 shows the cumulative status of the Construction <br />Fund from its inception through June 30. 1990. Loan repayment, <br />interest and mineral lease income accrues to the fund and <br />payments are made to build and rehabilitate authorized <br />projects. Factors which effect the annual balances includes <br />authorized projects which may not proceed to construction, such <br />projects as deauthorized when appropriate. Additionally, the <br />size of authorized project outgoes will vary widely from year <br />to year. Expenditures can be for new construction, repair and <br />rehabilitation of projects which includes dam safety projects. <br /> <br />The fund, while showing a negative balance, is in stable <br />condition. Existing eligibility criteria are being reviewed to <br />make sure that the Fund can meet project and rehabilitation <br />needs throughout the state. <br /> <br />Some new uses of fund monies are being proposed. One is to <br />invest in water conservation/efficiency measures by municipal <br />water suppliers. Such proposals have been introduced in recent <br />sessions and are likely for the 1991 session. Further, while <br />new facilities are one way to meet needs, in some instances <br />better operating or management measures, structural and <br />nonstructural may yield better deliveries and improve the <br />efficiency and effectiveness of existing facilities and <br />systems. State investment in such measures would help achieve <br />"greater utilization" of water resources. Such expenditures <br />may better reflect the breadth of water development and <br />management than the existing criteria for recommendation of <br />projects. <br /> <br />Appropriations to the Board pursuant to section <br />37-60-121(6). CRS, for the fish and wildlife resources account <br />and for the construction fund were postponed from July 1, 1990, <br />to July l, 1991, with the exception of $1 million anticipated <br /> <br />-9- <br />