Nov 2004 Deauthorizations

• Loan Projects - Doc Type: Default Information

STATE OF COLORADO
SColorado Water Conservation Board otcohis4
Department of Natural Resources
1313 Sherman Street,Room 721 p " c
� � tDenver,Colorado 80203 ov �, .�,.
Phone:[phone] 6, /8',,k,
FAX:[phone] ' 9 37 4 4
www.cwcb.state.co.us
Bill Owens
Governor
MEMORANDUM Russell George
Executive Director
TO: Colorado Water Conservation Board Members
Rod Kuharich
FROM: Mike Serlet,P.E. CWCB Director
Chief,Water Supply 1 lanning and Finance Section Dan McAuliffe
g
Deputy Director
DATE: November 5,2004
SUBJECT: Agenda Item 12a-e—November 16-17,2004 Board Meeting
Water Supply Planning and Finance -Loan De-authorization Review
•
Introduction
In September 1999,the Board adopted Board Policy#1, Construction Fund and Severance Tax
Trust Fund Perpetual Base Account Project Time Limits, which policy provides the following
direction:
The Colorado Water Conservation Board (CWCB) shall review the status of all Construction
Fund and Severance Tax Trust Fund Perpetual Base Account loan projects that do not have a
fully executed CWCB funding contract within three years of the project's legislative
authorization. These projects may be recommended for inclusion in the list of Project Loan
De Authorizations in the next annual Construction Fund Bill unless the Board specifically
approves a time extension.
The Policy further outlines the basis for staff recommendations:
1. If the Project Sponsors have not shown diligence toward execution of a funding contract
within three years of their authorizing legislation, the staff will recommend to the Board
that the project be included in the Project Loan De Authorization recommendation to the
Legislature.
• 2. If the Project Sponsors have pro r essed towards execution of a project funding contract,
but the progress has been delayed due to extenuating circumstances, the staff may
Flood Protection•Water Supply Planning and Finance•Stream and Lake Protection
Water Supply Protection•Conservation and Drought Planning