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1 <br /> 4.0 Water ram Project Construction Loan Program <br /> ' 4.1 Eligible Projects <br /> Under authority of Section 37-60-119 and 121, CRS, the monies in the Construction Fund are <br /> to be used for new storage projects which increase the beneficial consumptive use of Colorado's <br /> compact-entitled waters and for the repair and rehabilitation of existing storage and raw water <br /> delivery systems. The CWCB may recommend funding of the following types of water projects <br /> through this program: <br /> • Construction of new reservoirs or enlargement of existing dams to enhance water supplies <br /> and develop Colorado's compact entitlement. <br /> ' • Rehabilitation of existing dams to meet safety standards and to recover lost storage capacity. <br /> ' • Repair or construction of water resources infrastructure for agricultural or municipal raw <br /> water supply systems including such facilities as diversion structures, canals, ditches, and <br /> pipelines. <br /> • Improvements in water management to increase water use efficiency,to maintain or increase <br /> water supplies, or to increase beneficial consumptive use. <br /> ' • Mitigation of impacts on fish and wildlife due to dam construction. <br /> • Improvements in management of information about Colorado's water. <br /> The CWCB does not currently provide funding for municipal water treatment and distribution <br /> systems. Up to 5-percent of the Board's annual revenue may be used to finance flood control <br /> ' projects. The costs of acquisition of land and water rights are not eligible for CWCB funding except <br /> as part of a project and under certain special conditions. <br /> The CWCB's financial participation in any single project is generally limited to a certain <br /> percentage of the total engineering and construction cost of the project. The Board may loan up to <br /> 50-percent of the cost of a feasibility study for a water project. The Board's feasibility study loan <br /> must be repaid whether a project is constructed or not. Middle and high income municipalities and <br /> commercial water users may borrow up to 75-percent of the construction costs of a project. <br /> Agricultural and low income municipalities may borrow up to 90-percent of the construction costs <br /> of a project. <br /> 1 <br /> 1 <br /> CWCB FY98 Annual Report,page 23 <br />