22AF

• Board Meeting Date: 11/18/2007
• Description: CF Section – Proposed Statute Revisions/Legislation within the 2008 Projects Bill
• Board Meetings - Doc Type: Memo

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(1) Pursuant to section 39-29-109 (1) (a) (I), Colorado Revised Statutes, the Colorado water
conservation board is hereby authorized to loan moneys from the severance tax trust fund perpetual
base account to enable the construction of the following water resources projects with the following
priority:
Priority Borrower-Project Loan Amount
(a) Republican River Water Conservation District $40,400,000
Republican River Compact Compliance Pipeline
Total $40,400,000
(2) The Colorado water conservation board may make loans for the construction of the
projects specified in subsection (1) of this section from such moneys as are or may hereafter
become available to the severance tax trust fund perpetual base account. Said loans shall be in the
amounts listed in subsection (1) of this section plus or minus such amounts, if any, as may be
justified by reason of ordinary fluctuations in construction costs as indicated by the engineering
cost indices applicable to the types of construction required for each project or as maybe justified
by reason of changes in the plans for a proj ect due to differing or unforeseen site conditions, errors
or omissions in the plans and specifications, changes instituted by regulatory agencies, or changes
in material quantities beyond contract limits.
(3) Pursuant to section 37-60-1.20 (1), Colorado Revised Statutes, the board shall require
such terms and conditions in such contracts as will ensure repayment of funds made available by it.
The board shall not disburse any moneys for any loan authorized by subsection (1) of this section
unless and until it is satisfied, at its sole discretion, that the recipient of any such loan will be able
to make repayment pursuant to the terms and conditions established by the board and by subsection
(1) of this section.
*SECTION 3. Decreases to prior water project loan authorizations from the Colorado
water conservation board construction fund.
Prior Prior Amount
Borrower-Project Authority Amount Decrease Remaining
Totals
$0 $0 $0
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