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I <br /> Pursuant to Section 39-29-109 (1) (a) (I), CRS, the Colorado Water Conservation Board has <br /> recommended legislative authorization to provide loans from the Severance Tax Trust Fund <br /> Perpetual Base Account totaling $5.94 million to fund 3 water development projects statewide in <br /> 1998. These projects are listed in Table 5 in priority order as suggested by the Board. Each loan <br /> represents partial funding of the total cost of the projects. Additional details about these <br /> recommended projects may be found in Appendix C. i <br /> TABLE 5 I <br /> Colorado Water Conservation Board <br /> New Loan Projects Recommended from the <br /> Severance Tax Trust Fund Perpetual Base Account for Authorization in 1998 <br /> 1 <br /> is <br /> s w <br /> Priority= Borrower Protect W County Loan Amount 1 <br /> a Highland Ditch Company- Boulder $1,040,000 <br /> Foothills Reservoir Dam Rehabilitation <br /> b City of Fort Morgan- Morgan $4,000,000 <br /> Raw Water Pipeline* <br /> c Northern Colorado Water Association- Larimer $900,000 <br /> Purchase of Wells and Water Rights <br /> Total $5,940,000 <br /> *Loan to refinance a water project wholly or partially completed. <br /> 1 <br /> Loans from the CWCB Construction Fund or the Severance Tax Trust Fund Perpetual Base <br /> Account are plus or minus such amounts, if any, as may be justified by reason of ordinary , <br /> fluctuations in construction costs as indicated by the engineering cost indices applicable to the types <br /> of construction required for each project,or as may be justified by reason of changes in the plans for <br /> a project due to differing or unforseen site conditions, errors or omissions in the plans and <br /> specifications, changes instituted by regulatory agencies, or changes in material quantities beyond <br /> contract limits. <br /> 1 <br /> I <br /> I <br /> CWCB FY97 Annual Report,page 22 <br />