Water Supply Reserve Account Criteria and Guidelines - Adopted

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Application Process To help ensure that water activities move forward in an expedited fashion all eligible applications received will be evaluated and selected based on these criteria and guidelines within the applicable funding cycle. However, to help promote the equitable and competitive allocation of funds it is important to allow sufficient time for applications to be submitted and reviewed. This will allow the greatest opportunity to competitively compare multiple applications and allocate available funds to those water activities that will provide the greatest benefit to Colorado. In preparing the application it is recommended that the applicant include a description of how the water activity meets each element of the criteria that will be used by CWCB to evaluate and select the water activity. The approving roundtable that is seeking funding for a water activity must specify whether the request is for funds from the Statewide Account or for funds from the Basin Account(s). Applications can be submitted at anytime during the fiscal years 2006-2007 through and including 2009-2010, with the last allocation being made at the March 2010 CWCB meeting. For the Statewide Account, the CWCB will make decisions for allocation of funds at its March and September meetings, with the initial allocations being made at the March 2007 CWCB meeting. For the Basin Accounts, the CWCB will make decisions for allocation of funds at its bimonthly Board meetings. The initial allocation from the Basin Accounts will be January 2007. Notification of award will be made in writing within 30 days after the applicable Board meeting and the notification will include a summary of the results of the evaluation process and decision of the CWCB. Notification to unsuccessful applicants will be made in writing within 30 days after the applicable Board meeting and the notification will include a summary of the results of the evaluation process and the decision by the CWCB. Successful applicants are required to execute a contract with CWCB within 6 months of award of a loan or grant. Application Submittal Requirements To apply for a grant or loan from the Statewide Account a detailed application must be received by the CWCB no later than 60 days prior to the CWCB' s March and September meetings. To apply for a grant or loan from the Basin Accounts a detailed application must be received by the CWCB no later than 60 days prior to the Board meeting that the roundtable would like the CWCB to evaluate the applicants funding request. CWCB's review and analysis of the application, utilizing the criteria and guidelines, will form the basis upon which the decisions to fund, partially fund, or not fund the water activity will be made. Therefore, applicants should prepare their application to address these criteria and guidelines. For those applicants seeking a grant, an application form is provided as Attachment A to this document. The applicant should include with its grant application a summary of how the Water Supply Reserve Account Criteria and Guidelines - Adopted: October 18, 2006 9 of 16