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<br />ASSISTANCE. . UPON RECEIVING SUCH NOTIFICATION AND RECOMMENDATION, <br />THE STATE TREASURER MAY LOAN MONEYS IN THE DOMESTIC WATER SUPPLY <br />PROJECT REVOLVING FUND TO THE GOVERNMENTAL AGENCY IN ACCORDANCE <br />WITH THE RECOMMENDATION OF THE AUTHORITY. THE STATE TREASURER <br />SHALL NOT MAKE ANY LOANS FROM THE FUND FOR ANY DOMESTIC WATER <br />SUPPLY PROJECTS THAT HAVE NOT BEEN RECOMMENDED BY THE AUTHORITY. <br /> <br />(II) LOANS MADE FROM THE DOMESTIC WATER SUPPLY PROJECT <br />REVOLVING FUND SHALL BE. EVIDENCED BY NOTES, BONDS, OR OTHER <br />OBLIGATIONS ISSUED IN ACCORDANCE WITH LAW BY THE GOVERNMENTAL <br />AGENCY TO THE STATE OF COLORADO FOR THE BENEFIT OF THE DOMESTIC <br />WATER SUPPLY PROJECT REVOLVING FUND. NOTES AND BONDS RECEIVED <br />PURSUANT TO.THIS PARAGRAPH (b): <br /> <br />(A) MAY BE SOLD AT PRIVATE SALE TO THE STATE FOR THE <br />BENEFIT OF THE REVOLVING FUND ON SUCH TERMS AND CONDITIONS AS MAY <br />BE APPROVED BY THE TREASURER, WHETHER OR NOT FOR LESS THAN PAR <br />VALUE; AND . . <br /> <br />(B) SHALL. BE SUBJECT TO REDEMPTION OR PREPAYMENT PRIOR TO <br />MATURITY AT SUCH TIMES.AND AT SUCH.PRICES AS THE STATE TREASURER <br />AND THE. GOVERNMENTAL AGENCY MAY AGREE. <br /> <br />(III) ANY LOAN MADE TO A GOVERNMENTAL AGENCY PURSUANT TO <br />THIS PARAGRAPH (b), AND THE NOTES, BONDS, OR .OTHER OBLIGATIONS <br />ISSUED PURSUANT THERETO, SHALL BEAR INTEREST AT THE RATE .OF FOUR <br />AND ONE-HALF PERCENT PER ANNUM, COMPOUNDED ANNUALLY, AND SHALL. <br />INCLUDE SUCH TERMS AS THE STATE TREASURER AND THE GOVERNMENTAL <br />AGENCY.MAY AGREE. <br /> <br />(c) THE STATE TREASURER SHALL SUPERVISE DISBURSEMENT AND <br />EOLLECHON or AI:t---l:GANS ANB OTHER. FIN!\NGI".L ASS-lST.a.tKE PROVIDED <br />FROM THE DOMESTIC WATER SUPPLY .PRQJECT REVOLVING FUND. REPAYMENTS <br />OF LOANS OR OTHER FINANCIAL ASSISTANCE MADE PURSUANT TO THIS <br />SECTION SHALL BE CREDITED DIRECTLY TO THE DOMESTIC WATER SUPPLY <br />PROJECT REVOLVING FUND AND SHALL NOT BE CONSTRUED TO CONSTITUTE <br />A GRANTOR SUBSIDY TO THE AUTHORITY. <br />I . <br /> <br />(d) (I) THE STATE TREASURER SHALL PAY TO THE AUTHORITY FROM <br />THE DOMESTIC WATER SUPPLY PROJECT REVOLVING FUND AN AMOUNT TO <br />REIMBURSE THE AuTHORITY - FOR REASONABLE- EXPENSES INCURRED IN <br />PROCESSING AND REVIEWING.APPLICATIONS AND. IN RECOMMENDING LOANS <br />AND. FINANCIAL ASSISTANCE. PURSUANT TO THE PROVISIONS OF THIS <br />SECTION. . - <br /> <br />(II) THE STATE TREASURER .SHALL DEDUCT FROM THE DOMESTIC <br />WATER SUPPLY PROJECT REVOLVING. FUND AN.AMOUNT TO REIMBURSE THE <br />STATE TREASURER FOR REASONABLE EXPENSES INCURRED IN PERFORMING <br />DUTIES PURSUANT TO THIS SECTION. <br /> <br />SECTION 4. Appropriation. (I) . In addition to any other <br />appropriation, there is hereby appropriated, out of any moneys in <br /> <br />PAGE 6-SENATE BILL 94-203 <br />