Laserfiche WebLink
1 <br /> 2.3 Fish and Wildlife Resources Account <br /> In 1987, HB 87-1158 created the Fish and Wildlife Resources Account, also known as the <br /> "Mitigation" Account, in the Construction Fund. Procedures for obtaining mitigation grant <br /> approval are found under section 37-60-122.2, CRS. <br /> Non-reimbursable ex p enditures totaling$1.68 million have been approved by the Board from <br /> the Mitigation Account for mitigation plans approved by the Division of Wildlife. These <br /> disbursements are listed below. <br /> The balance in the Mitigation Account was $4,670,436 on June 30, 1998. <br /> TABLE 2 <br /> Loans Approved by the CWCB from the <br /> Fish and Wildlife Resources Account <br /> Approved Grantee-Project County Amount <br /> 1989 Upper Yampa Water Cons.District- Routt $ 400,000 <br /> Stagecoach Reservoir <br /> Mar 1990 Colorado River Water Cons.District- Grand 1,278,828 111 Wolford Mountain Reservoir <br /> Total $1,678,828 <br /> 1 <br /> 2.4 Emergency Infrastructure Repair Loan Account <br /> In 1993 through HB 93-1273,the Legislature authorized the Board to set aside$2.0 million of <br /> Construction Fund money in an account reserved for emergency repair of water resources <br /> infrastructure systems to avoid potential economic losses. The money in the account is continuously <br /> appropriated to the Board for immediate availability only for emergency repair of water storage <br /> systems or water distribution systems. The account is intended to provide flexibility for the Board <br /> to make funds available in a timely manner in emergency situations. Section 12 of SB 97-008 <br /> effective May 21, 1997 directed the State Treasurer to transfer$960,000 or so much as necessary I <br /> from unreserved cash in the Construction Fund to restore the balance in the account to $2,000,000. <br /> The Board approved 3 emergency loans in FY 94, 2 emergency loans in FY 95, no emergency 1 <br /> loans in FY 96, 2 emergency loans in FY 97, 1 in FY 98, and 1 thus far in FY 99. A list of the 9 <br /> projects that have been authorized by the Board through the Emergency Infrastructure Repair <br /> Account is shown in the following table. The balance in the Emergency Infrastructure Repair <br /> Account was $1,700,570 on June 30, 1998. <br /> 1 <br /> CWCB FY98 Annual Report,page 8 • <br />