19 ‎(2)‎

• Board Meeting Date: 11/14/2007
• Description: CF Section - Proposed Pplicy #18 Review application and Approval Process for Use of Investments and Loans from the Severance Tax Trust Fund Perpetual Base Account for Funding Water Supply Partnership
• Board Meetings - Doc Type: Memo

c. It is not necessary that a W~MPP investment
application be accompanied with a loan application
depending upon the proposed water transfer relative
to the total project cost.
The --~~+,v +,...~..+,v benefits to be held by the CWCB will be in
accordance with a storage right or other decree to be jointly sought
by the applicant and the CWCB or in accordance with terms and
conditions defined by a contract between a project owner and the
CWCB (,State?~. The water ~~ project operations and
distribution of benefits will be ~ defined by an
operations agreement enforced by the
CWCB or the State Engineer.
Staff will review the investment/loan application for compliance
with the above criteria and, in their professional opinion,
likelihood of successful project development. Applications will be
referred to the Board for consideration at the November Board
meeting following the application submittal.
Approved by the CWCB
November 15, 2007 Board Meeting
Agenda Item # 19