Colorado Water Resources & Power Development Authority Jan 2003

• Year: 2003
• Title: Board of Directors Meeting
• Author: Colorado Water Resoures & Power Development Authority
• Description: Board of Director Meeting Jan 24, 2003
• Publications - Doc Type: Other

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COLORADO WATER RESOURCES
and
POWER DEVELOPMENT AUTHORITY
RESOLUTION NO. 03-02
AUTHORIZING THE USE OF DRINKING WATER LOAN ADMINISTRATIVE FEE REVENUE AS
STATE MATCH FOR PUBLIC WATER SYSTEM SUPERVISION SET -ASIDE
WHEREAS, the Colorado Water Resources and Power Development Authority ( "the Authority ")
entered into a Memorandum of Agreement dated September 25, 1997, with the Colorado Department of
Local Affairs ( "CDLG ") and the Colorado Department of Public Health and Environment, Division of
Administration ( "WQCD ") to identify the respective roles and responsibilities of the parties with regard to
the operation of the Drinking Water Revolving Fund Program mandated by the 1996 Safe Drinking Water
Act Amendments (the "federal Act ") and C.R.S. Sections 37 -95- 103(4.8).(12.2), 37 -95 -107.8 and 25-1 -
107(1)(gg) (the "MOA "); and
WHEREAS, in connection with the operation of certain "Set- Aside" programs mandated by the
federal Act, the WQCD intends to provide services in connection with the Public Water System
Supervision ( "CPWSS ") Program; and
WHEREAS, pursuant to the MOA, the Authority shall provide the 20 percent state match
required under the federal Act for receipt of the capitalization grant; and
• WHEREAS, pursuant to C.R.S. Section 37- 95- 107.8(1)(a) the Authority is empowered to
establish procedures to administer the Drinking Water Revolving Fund Program in accordance with the
federal Act, and pursuant to C.R.S. Section 37- 95- 106(1)(ss) to enter into all contracts necessary or
incidental to the performance of its duties and the exercise of its powers;
WHEREAS, the Authority expects to receive revenue from administrative fees charged in
connection with loans issued under the DWRF Program that will exceed the operating expenses of the
Drinking Water Revolving Fund; and
WHEREAS, pursuant to C.R.S. Section 37- 95- 107.8(1)(a) and (2)(b)(II) the Authority is
authorized to expend moneys for any purpose permitted by the federal Act; and
WHEREAS, the PWSS is an authorized set -aside under the federal Act;
NOW THEREFORE, BE IT RESOLVED, by the Board of Directors of the Colorado Water
Resources and Power Development Authority:
1. The Executive Director is authorized, annually through 2007, to provide up to $153,723
of administrative fee revenue from loans under the Drinking Water Revolving Fund to
match, on a non - reimbursable basis, $768,617 of capitalization grant funds to be received
from EPA and set aside for PWSS that are authorized by annual intended use plans and
annual EPA- approved work plans. Assuming WQCD's timely compliance with the
DWRF Memorandum of Agreement and the DWRF Handbook of Procedures, this state
match will be provided on an annual basis through the 2007 Capitalization Grant or as
long as grants are available during this period. Provision of additional state match funds