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<br />tIK dUll \II att., a.::t. <br /> <br />(13.5) "WATER POLLUTION CONTROL PROJECT ELIGIBILITY LIST" <br />MEANS THE LIST OF PROJECTS ELIGIBLE FOR FINANCIAL ASSISTANCE FROM <br />THE AUTHORITY THROUGH THE WATER POLLUTION CONTROL REVOLVING <br />FUND OR ITS OTHER BONDING CAPABILITIES, AS ADOPTED AND FROM TIME TO <br />TIME MODIFIED IN ACCORDANCE WITH SECTION 37-95-107.6 (4). THE LIST <br />SHALL CONSIST OF A PROJECT OR PROJECTS FROM THE PROJECTPRIORITY LIST <br />FOR FEDERAL FUNDS ADOPTED BY THE COLORADO WATER QUALITY CONTROL <br />COMMISSION FOR PUBLICLY OWNED TREATMENT WORKS AS DEFINED IN <br />SECTION 212 OF THE CLEAN WATER ACT AND NONPOINT SOURCE <br />MANAGEMENT PROORAMPROJECTS PURSUANT TO SECTION 319 OFTIIECLEAN <br />WATER ACT. <br /> <br />. <br /> <br />SECTION 2. 37-95-107.6 (3) (a), (4), and (5), Colorado Revised <br />Statutes, are amended to read: <br /> <br />37.9~107.6. Creation and administration of water pollution <br />control revolving fund. (3) (a) The authority may make and contract to <br />make loans to governmental agencies in accordance with and subject to the <br />provisions of this section to fmance the cost of wastewater treatment system <br />projects whidt THAT are on the WATER POLLUTION CONTROL project <br />eligibility list established pursuant to subsection (4) of this section and any <br />other projects authorized under the clean water act and whidt THAT the <br />governmental agencies may lawfully undertake or acquire under state law, <br />including, but not limited to, applicable provisions of the "Colorado Water <br />Quality Control Act", article 8 of title 25, C.R.S., and for which the <br />governmental agencies are authorized by law to borrow money. The loans <br />may be made subject to such terms and conditions as the authority shall <br />determine to be consistent with the purposes thereof. Each loan by the <br />authority and the terms and conditions thereof shall be subject to financial <br />analysis by the division of local government of the department of local <br />affairs. Such fmancial analysis shall include an analysis of the capacity to <br />repay a loan and the need for financial assistance. Each loan to a local <br />governmental agency shall be evidenced by notes, bonds, or other <br />obligations thereof issued to the authority. In the case of each <br />governmental agency, notes and bonds to be issued to the authority by the <br />local governmental agency shall be authorized and issued as provided by <br />law for the issuance of notes and bonds by the governmental agency, may <br />be sold at private sale to the authority at any price, whether or not less than <br />par value, and shall be subject to redemption prior to maturity at such times <br /> <br />. <br /> <br />PAGE 2-SENATE BILL 05-011 <br />