Agenda Item 12

• Board Meeting Date: 3/18/2008
• Description: CF Section - Review of Porposed Policy #18 - Water Management Partnership Program
• Board Meetings - Doc Type: Memo

'I
POLICY NUMBER: 18
SUBJECT: APPLICATION AND APPROVAL PROCESS FOR USE OF
INVESTMENTS AND LOANS FROM THE SEVERANCE
TAX TRUST FUND PERPETUAL BASE ACCOUNT FOR
' FUNDING WATER MANAGEMENT PARTNERSHIP
PROJECTS AND SPECIAL DAM REHABILITATION
PROJECTS
EFFECTIVE DATE:
REVISED DATE:
POLICY: The Colorado Water Conservation Board (CWCB) may set aside
20% of its annual revenues each year, not to exceed a total of
$20,000,000, from the ~c ° -r~„~+ ~'~~„~' D°"'°+~~~' '~~~°
n,.,.,.,,~+ /cTT~DiZAI CWCB Water Project Loan Program for
investments to be used to encourage new water project
construction and rehabilitation of restricted dams, including
enlargements and dredging projects, that provide benefits to
water providers, the environment, and the State of Colorado. The
projects will be funded with a combination of non-reimbursable
investments and loans from the crrT~D~ n „ra ,^.,,,~ ~.^,,, +~,°
CWCB Water Project Loan Program. The CWCB will accept
applications for Water Management Partnership Project (WMPP)
investments and loans on or before August 31 st of each year.
The CWCB will review WMPP investment applications for water
projects that have the potential to meet the established goals and
needs of the State of Colorado relative to providing project water
for compact calls, drought mitigation, endangered species,
instream flows, river restoration, recreation, or other purposes
that meet the established goals and
programs of the CWCB Strategic Plan.
Non-reimbursable investments for WMPP will not be limited to a
specific percentage of the total project cost, but rather will be
established based on the overall project benefits realized by
~~~ ^~' ~'^'^~-~~'^ all project beneficiaries. The Colorado General
Assembly will provide the final project authorization acting
through the annual CWCB Water Projects Bill.
The applicant must complete a project feasibility study, in
accordance with CWCB Guidelines, and all other requirements of
the CWCB Water Project Loan Program as established by the
Board.