122_enr

• Bill Number: SB07-122
• Year: 2007
• Title: Concerning the funding of Colorado water conservation board projects, and making appropriations in connection therewith.
• Legislation - Doc Type: Construction Fund Bill

~ The moneys appropriated for this proj ect shall remain available for the
designated purposes until the proj ect is completed; except that, if the proj ect
sponsor does not enter into a loan contract with the Colorado water
conservation board within two years after the effective date of this section,
then the moneys appropriated in this subsection (1) shall no longer be
available for the designated purposes and shall become available for other
lawful uses.
(2) The Colorado water conservation board may make loans for the
construction of the proj ects 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 proj ect or as may be justified by reason of
changes in the plans for a project 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 37-60-120 (1), Colorado Revised Statutes,
the Colorado water conservation 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,
in 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.
Borrower - Prior Prior
Proj ect Authority Amount
Ryan Gulch
Reservoir
Company -
Ryan Gulch
Decrease Amount
Remaining
PAGE 3-SENATE BILL 07-122