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<br />(3) Pursuant to section 37-60-120 (1), Colorado Revised Statutes, the board shall require such terms and <br />conditions in such contracts as will ensure repayment of funds made available by it. The board shall not <br />disburse any moneys for any loan authorized by subsection (1) of this section unless and until it is satisfied, at <br />its sole discretion, that the recipient of any such 10an will be able to make repayment pursuant to the terms and <br />conditions established by the board and by subsection (1) of this section, <br /> <br />SECTION 3. Increases to prior water project loan authorizations from the Colorado water <br />conservation board construction fund. Pursuant to section37-60-122 (1) (b), Colorado Revised Statutes, the <br />Colorado water conservation board is hereby authorized to loan moneys to enable or continue the construction <br />of the following previously authorized water resources projects: <br /> <br />Prior Borrower - Prior Prior Revised <br /> <br />Project Authority Amount Increase Amount <br /> <br />Columbine Ranches SB 99-173 $305,250 $ 93,750 $399,000 <br /> <br />Property Owners <br /> <br />Association Purchase <br /> <br />of Augmentation <br /> <br />Water <br /> <br />Totals $305,250 $ 93,750 $399,000 <br /> <br />SECTION 4. Decreases to prior water project loan authorizations from the Colorado water <br />conservation board construction fund. <br /> <br />Prior Borrower - Prior Prior Amount <br /> <br />Project Authority Amount Decrease Remaining <br /> <br />City of Craig - SB 86-27 $ 750,000 $ 750,000 $0 <br /> <br />Elkhead Reservoir <br /> <br />Rehabilitation Project <br /> <br />City of Fort SB 97-008 $ 920,000 $ 920,000 $0 <br /> <br />Collins and Larimer <br /> <br />County - Dry Creek <br /> <br />Flood Control Project <br /> <br />http://www.state.co.us/gov_dir/leg_dir/olls/sI2001/sL206.HTM <br /> <br />06/0512002 <br />