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COUORADO WATER CONSERVATION BOARD I Department of Natural Resources Bill Ri-titer, Jr, Governor HarrislD. Sherman, DNR Executive Director Rod Kuharich, CWCB Director I . THE 2007 WATER PROJECTS BILL Bactkround The Gdneral Assembly annually authorizes new water project loans riom the Construction Fund and the Perpetual Base Account I of the State Severance Tax Trust Fund. The cdnstruction Fund was created in 1971 to provide low- interes~ loans for water projects. The fund has financed more than 320 lo~ally sponsored water projects. The CWCB may contribute up to 90 percent of the engineering and construction cost of a project) The CWCB may also provide non-reimbursable investnients for up to 50 percent of the cost of a feasibility study and ot~er water supply investigations. In FY 2007, loan rates vary from: I . 2.5(j) percent for agricultural loans; I . 3.75 percent for municipal loans in middle-income areas; to, I . 5.25 percent for commercial loans. These rktes are adjusted each fiscal year by the CWCB. The Cohstruction Fund is a partially self-supporting revolving loan fund. Rbvenues come from the return of principal and interest on outstanaing loans, interest earned on the fund's cash balance in the state trdasury, and federal mineral royalty distributions. The total equity dfthe fund exceeds $274 million. The total fund equity include~ the outstanding loan portfolio, authorized projects currently under contract, authorized projects not yet under contract, I and casr available for new loans. The Severance Tax Trust Fund Perpetual Base Account was I established by the General Assembly in 1997. Principal funding I comes from the taxes paid by the producers of gas, oil, coal and other m~nerals. The tot11 equity of the Perpetual Base Account has risen to more than $200 million. The total fund equity includes severance tax revenud, the outstanding loan portfolio, authorized projects currendy under contract and authorized projects not yet under contrad. 2007 Projects Bill Highlights . . Authorizes more than $145 million for new loans; . Provides nearly $5.6 million for satellite monitoring, watl~r supply and planning studies, flood control and other projects. For more information, contact Mike Serlet at CWCB at (303) 866-3426. CWCB 1313 Sherman Street, Room 721, Denver, CO, 80203 Phone: (303) 866-3441 FAX: (303) 866-4474 Internet: www.cwcb.state.co.us .