LEG00146

• Bill Number: SB92-87
• Year: 1992
• Title: Concerning the Water Conservation Board and Making an Appropriation Therefor
• Legislation - Doc Type: Construction Fund Bill

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if any, as may be justified by reason of ordinary fluctuations
in construetions costs as indicated by the engineering cost
indiees applieable to the types of construetion required for
eaeh project or as may be justified by reason of changes in
the plans for a projeet if those ehanges are required by final
engineering drawings and specifications or by federal, state,
or loeal governmental requirements.

(3) Contracts entered into by the Colorado water
conservation board pursuant to see~ion 37-60-119 (2), Colorado
Revised Statutes, for loans to enable the construction of the
projects speeified in subseetion (1) of this seetion shall. be
subject to the repayment periods and total repayments set
forth therein; except that the total repayment for a project
shall be adjusted to reflect any changes in the amount loaned
by reason of subsection (2) of this seetion. Pursuant to
section 37-60-120 (1). Colorado Revi sed Statutes, '. the board
shall require terms and conditions in sueh eontracts as will
ensure repayment of funds made ava i1 ab 1 e by it. The board
shall not disperse any moneys for any loan authorized by
subsection (1) of this section unless and until it is'
satisfied, in its sole discretion, that the reeipient of any
sueh loan will be able to make repayment pursuant to the terms
and conditions established by the board and by subsection (1)
of this seetion.

SECTION 7. Projeet deauthorization.
Authorization Amount Amount
PrOject Name Bi 11 and Year Authorized Deauthorized
1. Greeley-Loveland
Irrigation Co. SB 30-88 $ 250,000 $ 250,000
2. Town of Frederick SB 15-87 1,315,000 1,315,000
3. City of Grand
Junction SB 85-89 250,000 54,069
4. Canon Heights
Irrigation Co. S8 85-89 65,000 65,000
5~ Ish Reservoir Co. S8 30-88 36,000 19 ,000
TOTAL $1,916,000 $1,703,059 ~

SECTION 8. Section 4 (1) of Chapter 344, Session Laws of
Colorado 1979, as amended by Section 2 of chapter 405, Session
Laws of Colorado 1983, as amended by Seetion 3 of chapter 230,
Session Laws of Colorado 1986, is amended to read:

Section 4. Project authorizations. (1) Pursuant to
section 37-60-122, Colorado Revised Statutes, there are hereby
authorized to be constructed from sueh funds as may become
available to the Colorado water conservation board
construction fund, in the priority listed as nearly as

PAGE 6-SENATE BILL 92-87

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