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

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Date Grantee Project County tY Amount
FY—99 CWCB Stream Gaging Stations Statewide 40,000
FY—99 CWCB Water Conservation Plans/US Statewide 20,000 I
Bureau of Reclamation
FY—99 CWCB Lower Arkansas River Water Arkansas 45,000 1
Quality Study Basin
Total 1
$203,900
3.3 Perpetual Base Account I
The moneys in the fund as of July 1, 1995, and one-half of the severance tax receipts
credited to the Severance Tax Trust Fund for fiscal years commencing on and after July
1, 1995, shall be credited to the Perpetual Base Account of the Severance Tax Trust Fund
and used for state water projects pursuant to sections 37-60-119 and 37-60-122, C.R.S.
The authorization and contract for each such project shall require repayment of principal
and interest to the Severance Tax Trust Fund and moneys so repaid shall be credited to
the Perpetual Base Account of the Severance Tax Trust Fund.
Pursuant to Section 39-29-109 (1) (a) (I), CRS, the Colorado Water Conservation
Board recommended, and the General Assembly approved, authorization to provide loans
from the Severance Tax Trust Fund Perpetual Base Account totaling $16.94 million to
fund 5 water development projects statewide. These projects are listed in the table
below. Each loan represents partial funding of the total cost of the projects. Additional ' I
details about these recommended projects may be found in Appendix C.
TABLE 10
I
Colorado Water Conservation Board
Loans Authorized from the Severance Tax Trust Fund Perpetual Base Account
7; in # F J a `
}- Z i k f a
`' r . TX;-tt.IV d ; �. .. •�m .
so 3..,. _ate.- r t__...r'._;
SB97-008 Eagle Park Reservoir Co. -Eagle Park Reservoir Rehabilitation Eagle $4,000,000
HB98-1189 Highland Ditch Company—Foothills Reservoir Dam Rehabilitation Boulder $1,040,000
HB98-1189 City of Fort Morgan—Raw Water Pipeline* Morgan $4,000,000
HB98-1189 Northern Colorado Water Assoc.-Purchase of Wells and Water Rights Larimer $900,000 1
SB99-173 Ute Water Conservancy Dist.—Plateau Cr.Pipeline Replacement Project* Mesa $7,000,000 1
Total $16,940,000
*Loan to refinance a water project wholly or partially completed.
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CWCB FY99 Annual Report,page 22