CWCB Construction Fund and Severance Tax Trust Fund Annual Report 1999

• Year: 1999
• Title: Construction Fund and Severance Fund Tax Trust Fund Annual Report
• CWCB Section: Agency-wide
• Publications - Doc Type: CF Annual Report

I
Nov 1996 Mancos Water Conservancy District - Montezuma 62,500 62,500 I
Feeder Ditch Slide Repair
Sep 1997 Julesburg Irrigation District - Logan 590,000 590,000 I
Diversion Structure Rehabilitation
Jul 1998 Leroux Creek Water Users Association - Delta 300,000 300,000 1
Carl Smith Reservoir Rehabilitation
May 1999 Model Reservoir & Irrigation Co. - Las Animas 335,000 335,000 I
Carl Smith Reservoir Rehabilitation
Totals $2,213,000 $2,185,000
2.5 Small Project Loan Account
In 1994 through SB94-029, the General Assembly created the Small Project Loan
Account. A total of$2.0 million was set aside for loans of$100,000 or less. The CWCB
was empowered to authorize these loans at any time during the year without waiting to
submit these projects for General Assembly approval during the legislative session.
The Board approved 5 Small Project Account loans in FY 96, 5 Small Projects
Account loans in FY 97, 4 Small Project Account loans in FY 98, and 1 in FY 99 totaling
$1,090,700. However, the total amount actually under contract was less, or $919,000 as
listed below. The balance in the Small Project Loan Account available for loans was
$1,081,000 on June 30, 1999.
TABLE 4 1
Loans Approved by the CWCB from the
Small Project Loan Account
Meeting Approved Contract
Approved Borrower County Amount Amount
Jul 1995 Caryl R. Carroll - Rio Blanco $25,000 $ 25,000
D&D Wise Dam Rehab. (Additional)
Jan 1996 The Pagosa Springs Pipeline Co. - Archuleta 60,000 0
Jan 1996 South Platte Ditch Company - Logan 100,000 100,000
Diversion Structure Rehabilitation I
Mar 1996 Bravo Ditch Company - Logan 51,700 40,000
Diversion Structure Rehabilitation
CWCB FY99 Annual Report,page 12