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.. Colorado Mtn. College Rocky Mountain Fen ~emonstration Project Explore the extent to which transplantation of organic peat Statewide soils from potentially impacted areas to specifically prepared receiver sites can serve as mitigation to fen wetland areas. $100,000 Total $4,945,000 Other Provisions Loan de-authorizations: the bill de-authorizes loans authorized more than three years ago because project sponsors no longer need or want funding. The money is then available for other uses. Restoration of Fund Balances: money is provided to re-capitalize the flood response fund. Statutory Revisions: Four proposed revisions to the Colorado Revised Statutes are included in this year's bill to 1) to provide spending authority for permit fees from the Weather Modification Program to be expended for weather modification program purposes, 2) to increase the amount authorized for the Colorado Water Conservation Board to make loans from the Construction Fund and Severance Tax Trust Fund Perpetual Base Account without legislative authorization from five million dollars to twenty five million dollars, 3) clarifies the statutory language to more efficiently administer the Agricultural Emergency Drought Response grant program, and 4) increases the Flood Response Fund from one hundred fifty thousand dollars to three hundred thousand dollars. Session Law Revisions: the bill amends the 2005 Water Projects Bill, SB05-084, to allow a borrower to complete additional activities with authorized loan funds. Notes Provisions included in the 2003 Construction Fund Projects Bill allow the CWCB to approve loans up to $5 million without legislative authorization. A report detailing the 16 loans made in 2006, valued at over $10 million, was presented to the House and Senate Agriculture Committees January 12, 2007. .opies of the report are available upon request. .