CWCB Annual Report December 1997

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I t 3.0 Water Project Construction Loan Program 1 3.1 Eligible Projects I Under authority of Section 37-60-119 and 121, CRS, the monies in the Construction Fund are to be used for new storage projects which increase the beneficial consumptive use of Colorado's compact-entitled waters and for the repair and rehabilitation of existing storage and raw water I delivery systems. The CWCB may recommend funding of the following types of water projects through this program: I • Construction of new reservoirs or enlargement of existing dams to enhance water supplies and develop Colorado's compact entitlement. I • Rehabilitation of existing dams to meet safety standards and to recover lost storage capacity. • Repair or construction of water resources infrastructure for agricultural or municipal raw Iwater supply systems including such facilities as diversion structures, canals, ditches, and pipelines. I • Improvements in water management to increase water use efficiency,to maintain or increase water supplies, or to increase beneficial consumptive use. I • Mitigation of impacts on fish and wildlife due to dam construction. • Improvements in management of information about Colorado's water. The costs of acquisition of land and water rights is generally not eligible for CWCB funding I except as part of a project. The CWCB does not currently provide funding for municipal water treatment and distribution systems. Up to 5-percent of the Board's annual revenue may be used to finance flood control projects. IThe CWCB's financial participation in any single project is generally limited to a maximum of 75-percent of the total engineering and construction cost of the project. The CWCB may loan up I to 50-percent of the cost of a feasibility study for a water project. The Board's feasibility study loan must be repaid whether a project is constructed or not. I I I 1 ICWCB FY97 Annual Report,page 15