LEG00020

• Bill Number: SB03-110
• Year: 2003
• Title: Concerning the Funding of CWCB Projects and Making Appropriations in Connection Therewith
• Legislation - Doc Type: Construction Fund Bill

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Reservoir Construction* -
Total

$ 2.180,000
$20,800,000,

*These loans are to refinance water projects wholly or partially

completed

(2) The Colorado water conservation board may make loans for

the construction ofthe projects specified in subsection (I) of this section

from such moneys as are or may hereafter become available to the

Colorado water conservation board construction fund. Said loans shall

be in the amounts listed in subsection (1) of this section plus or minus

such amounts, if any, as may be justified by reason of ordinary

fluctuations in construction costs as indicated by the engineering cost

indices applicable to the types of construction required for each project

or as may be justified by reason of changes in the plans for a project due

to differing or unforeseen site conditions, errors or omissions in the plans

and specifications, changes instituted by regulatory agencies, or changes

in material quantities beyond contract limits.

(3) Pursuant to section 37-60-120 (I), Colorado Revised Statutes,

the board shall require such terms and conditions in such contracts as will

ensure repayment of funds made available by it. The board shall not

disburse any moneys for any loan authorized by subsection (I) of this

section unless and until it is satisfied, at its sole discretion, that the

recipient of any such loan will be able to make repayment pursuant to the

terms and conditions established by the board and by subsection (I) of

this section.

SECTION 2. Water project loan authorizations from the

severance tax trust fund perpetual base account. (I) Pursuant to

section 39-29-109 (I) (a) (1), Colorado Revised Statutes, the Colorado

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