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<br />places. <br /> <br />So, we felt better In the authorizing language to be <br /> <br />broader than narrower. <br /> <br />And the way I see this playing out, if this bill were to <br /> <br />become law with your help, is that the--we will take advantage <br /> <br />of the existing fiscal structure built into the Colorado Water <br /> <br />Conservation Board. <br /> <br />They already have the expertise for <br /> <br />managing the public's money. <br /> <br />Primarily theirs ls--are loan programs. <br /> <br />This is about the <br /> <br />only place we have In this system where it can be grants of <br /> <br />significant size. CWCB does have a, I think, one grant program, <br /> <br />fairly small in dollars and generally related as a precursor to <br /> <br />a loan. Colorado Water and Power Resources Development <br /> <br />Authority is all loans, but a good program; meaningful dollars <br /> <br />for a project that can qualify. <br /> <br />So, I think we have the makings of a workable system within <br /> <br />CWCB. We don't need to reinvent another agency to manage the <br /> <br />public's money. <br /> <br />This money's appropriated to them and it will <br /> <br />be worked through their existing staff and procedures. <br /> <br />What this will add is that, should this become law, then <br /> <br />the board at CWCB, in consultation with the state committee, the <br /> <br />Interbasin Compact Committee, will develop--put the flesh on the <br /> <br />bones for the guidelines and standards so that people across the <br /> <br />state will know, do we qualify? Is there an opportunity for us <br /> <br />- 9 - <br />