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<br />19.*** Conservation Conveyance <br /> <br />Channel Rio Grande River <br /> <br />Project 410,000 15 <br /> <br />TOTAL $ 12,191,588 <br /> <br />$ 12,591,500 <br /> <br />* This total amount may be loaned to the town of Johnstown, Colorado, and the city of Salida, Colorado, to <br />enable their participation in said project if the Colorado water conservation board determines, in its sole <br />discretion, that said project and the participation of this town and city is technically and financially feasible and <br />that financing through the Colorado water resources and power development authority is not available and <br />establishes appropriate repayment terms for each town or city. <br /> <br />** This total amount may be loaned to the city of Fort Morgan, Colorado, to enable its participation in the <br />northern Colorado water conservancy district southern pipeline project, phase 2, eastern extension, ifthe <br />Colorado water conservation board determines, in its sole discretion, that the project and participation of the <br />city is technically and financially feasible and that financing through the Colorado water resources and power <br />development authority is not available or has been exhausted and establishes appropriate repayment terms. <br /> <br />*** Notwithstanding the provisions of section 37-60-121 (1) (b) (VII), Colorado Revised Statutes, the Colorado <br />water conservation board is authorized to loan to the city of Alamosa, out of any moneys in the Colorado water <br />conservation board construction fund not otherwise appropriated, up to four hundred ten thousand dollars <br />($410,000), for the purpose of cooperating with the United States army corps of engineers in constructing a <br />federally authorized flood control and water conservation conveyance channel improvement project. Such funds <br />shall assist the state of Colorado and the city of Alamosa with the nonfederal cost-share requirements for the <br />project pursuant to section 37-60-106 (1) (e), Colorado Revised Statutes. Such loan shall be repayable in annual <br />installments at four and one-half percent interest over a term of up to fifteen years. <br /> <br />**** Up to $75,000 of the authorized funds may be used by the Vouga Reservoir Assoc. to refinance an <br />existing loan. <br /> <br />SECTION 11. 37-60-121 (2.5) (a) and (6) (d) (II), Colorado Revised Statutes, 1990 Repl. Vol., as <br />amended, are amended to read: <br /> <br />37-60-121. Colorado water conservation board construction fund - creation of - nature offund- <br />funds for investigations - contributions - use for augmenting the general fund. (2.5) (a) The board is <br />authorized to expend, pursuant to continuous appropriation and subject to the requirements of paragraph (b) of <br />this subsection (2.5), a total sum not to exceed four million dollars from the litigation account which is hereby <br />created in the Colorado water conservation board construction fund, for the purpose of litigation: <br /> <br />(I) In support of water users whose water supply yield is or may be diminished or the cost of said yield is <br />or may be materially increased as a result of conditions imposed or which may be imposed, INCLUDING BUT <br />NOT LIMITED TO BY-PASS FLOWS, by any agency of the United States on permits for existing or <br />reconstructed water facilities located on federally owned lands; OR <br /> <br />http://www.state.co.us/gov_dir/leg_dir/olls/sI1995/sI.I17.htm <br /> <br />06/05/2002 <br />