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Members, Colorado Water Conservation Board <br /> and Colorado Water Congress Executive Committee <br /> November 2S, 1,75 <br /> Page four <br /> the staff to devote time to an analysis of how a flood <br /> control project fund might be established (assuming <br /> I/ <br /> that the Board does indeed decide to require that flood <br /> control projects be reimbursable) separate and apart <br /> from the construction fund. <br /> (2) This was in fact the intent of proposed legislation in <br /> the 1j79 session. however, in the waning days of the <br /> session, it became evident that only the Board's con- <br /> struction fund, as addressed in S.B. 537, . would be <br /> considered. Under those circumstances, the flood control <br /> project purpose was added to S.B. 537 at the last minute <br /> and Felix Sparks , in recognition of the needs identified <br /> above, persuaded the committee to include the discretion. <br /> ary authority as to non-reimbursement. <br /> JWMcD:mm <br /> I/ <br />