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<br />'. <br /> <br />, <br />.- <br />. . <br /> <br />Priority Project Name <br /> <br />Payment <br />Period Total <br />Board Cost (yrs.) ~nt <br /> <br />1 <br />D -------2 <br />3 <br />D 4 <br />5 <br />6 <br /> <br />Rio Grande Reservoir $1,134,500 40 $ 1,200,568 <br />Groondhog-ile-5'ervoTr I25~00-40--'----:-291.400 <br />Beeman Irrigation <br />Company <br />CiLyufClaig <br />Foss il Creek <br />Reservoir <br />Town of Erie <br /> <br />110,000 <br />3,150,000 <br /> <br />40 <br />40 <br /> <br />256,432 <br />7,343,280 <br /> <br />2,057,000 <br />1,645,000 <br /> <br />40 <br />30 <br /> <br />4,795,278 <br />3,210,218 <br /> <br />Total <br /> <br />$8,221,500 <br /> <br />$17,097,176 <br /> <br />(b) The Colorado water conservation board may expend on <br />each project specified in paragraph (a) of this subsection <br />(1), from such moneys as are or may hereafter become available <br />to the Colorado water conservation board construction fund, <br />the amounts of money listed in said paragraph (a) plus or <br />minus such amounts, if any, as may be justified by reason of <br />ordinary fluctuations in construction costs as indicated by <br />the engineering cost indices applicable to the types of <br />construction involved for such projects or as may be justified <br />by reason of changes made in the plans and specifications of <br />the project if those changes are required by finalized <br />engineering drawings and specifications or by federal or state <br />requirements. The board's cost toward any project specified <br />in paragraph (a) of this subsection (I), except for the Rio <br />Grande Reservoir project, shall not exceed fifty percentum of <br />the total cost of constructing a project. <br /> <br />(c) Notwithstanding the provisions of section 37-60-121 <br />(1) (b) (IV), Colorado Revised Statutes 1973, six hundred <br />nineteen thousand five hundred dollars ($619,500) of the <br />board's cost for the Rio Grande Reservoir project shall be <br />nonreimbursable in recognition of the fact that the state <br />shall receive the right from the owner of the reservoir to use <br />a portion of the said reservoir's storage capacity for the <br />purposes of meeting Colorado's obligations under the Rio <br />Grande compact, section 37-66-101, Colorado Revised Statutes <br />1973, and maximizing the use of compact-allocated waters in <br />Colorado.~The board shall not expend any nonreimbursable <br />moneys on the Rio Grande Reservoir project until the state <br />engineer certifies to the board that an operating agreement <br />satisfactory to him for the state's use of the reservoir for. <br />compact purposes has been agreed upon. Said operating <br />agreement shall be incorporated in the contract between the <br />board and the project sponsor. The exception set forth herein <br />to section 37-60-121, Colorado Revised Statutes 1973, is <br />necessitated by the terms of the Rio Grande compact as <br />ratified by this general assembly on behalf of the citizens of <br />the state of Colorado. The general assembly recognizes that <br /> <br />PAGE 3-SENATE BILL NO. 87 <br />