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<br />Priority Borrower-Project Loan Amount <br />(a) Parker Water and Sanitation District - <br />Rueter Hess Dam and Reservoir <br />Construction' $ 15,000,000 <br />(b) Larimer County - <br />Dry Creek Flood Mitigation Project $ 11.000.000 i' <br />Total $ 26,000,000 <br />. This loan is to refinance a water project wholly or partially completed. <br /> <br />(2) The Colorado water conservation board may make loans for the <br />construction of the projects specified in subsection (1) of this section from <br />such moneys as are or may hereafter become available to the severance taX <br />trust fund perpetual base account. Said loans shall be m the amounts listed <br />i1i subsection (1) of this section plus or minus such amounts, if any, as may <br />. be justified by reason of ordinary t1uctuationsin construction costs as <br />indicated by. theeilgineering cost indices applicable to the types of <br />construction required for each project or as may be justified by reason of <br />changes in the plans for a project due to differing or unforeseen site <br />conditions, errors or omissions in the plans and specifications, changes <br />instituted by regulatory agencies, or changes in material quantities beyond <br />contract limits. . <br /> <br />(3) Pursuant to section 37-60~120 (I), Colorado Revised Statutes, <br />the board shall require such terms and conditions in such contracts as will <br />ensure repayment of moneys made avmlable by it. The board shall not <br />. disburse any moneys for any loan authorized by subsection (I) of this <br />section unless and until it.is satisfied, at its sole discretion, that the recipient <br />of any such loan 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. <br />. . <br />authorizations from <br />construction fund, <br /> <br />Decreases to prior water' project loan <br />the Colorado water conservation' board <br /> <br />. ." Prior Prior <br />Borrower-Project Authori'ty Amount' <br />Pagosa Area Water' HB93~1273 $1,912,000 <br />and Sanitation District ~ '. <br />s.tevens Lake EI!largemeIlt' _'.' . <br />Powderhom SB 97-008 $' 525,000 $ 525,000 <br /> <br />'Amount <br />. Decrease Remaining . <br />$1,912;000 $ 0 <br /> <br />$ <br /> <br />o <br /> <br />PAGE 3~HOUSE BILL02~1152 <br />