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<br />. <br /> <br />STATE ~ COLORADO. <br /> <br />e <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone, (303) 866-3441 <br />FAX, (303) 866-4474 <br /> <br />Q <br /> <br />Bill Owens <br />Governor <br /> <br />MEMORANDUM <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Peter H. Evans <br />ewes Director <br /> <br />Dan McAuliffe <br /> <br />FROM: <br /> <br />M' P E Chi f W S I PI ' d F' m~e;s ,Deputy Duecto' <br />lke Serlet, .., e, ater Upp y amung an lna;;JtlOn <br /> <br />March 10,2000 <br /> <br />DATE: <br /> <br />SUBJECT: Agenda Item 15a, March 20-21, 2000 Board Meeting <br />Water Supply Planning and Finance - New Loans <br />Jackson Lake Reservoir and Irrigation Company - Diversion <br />Structure Rehabilitation <br /> <br />e <br /> <br />Introduction <br /> <br />At its November 22.23, 1999 meeting, the Board approved a $336,600 loan to the <br />Jackson Lake Reservoir and Irrigation Company for the rehabilitation of their diversion <br />structure on the South Platte River, To provide the Board flexibility in allocating the <br />Construction Fund and the Severance Tax Trust Fund Perpetual Base Account <br />(STTFPBA) financial resources, it is necessary to designate the appropriate funding <br />source for each project loan. The Board did not identify a funding source for this project. <br /> <br />Background <br /> <br />The Construction Fund and STTFPBA are two separate funding sources for water <br />project loans to be recommended by the CWCB for appropriation by the General <br />Assembly. Each funding source is controlled by statutory provisions that are similar in <br />nature but have two very specific differences. <br /> <br />The first difference is that the statute creating the STTFPBA, Section 39-29-109, <br />C.R.S" is very specific in that only loans shall be provided by the account, whereas, <br />project grants and other non-reimbursable expenses from the Construction Fund have <br />e historically been approved by the Legislature. <br /> <br />MarZOOO.ISamemo <br />