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<br />20. <br /> <br />Cedar Mesa <br />Res~rvoir"'''' <br /> <br />14,068 <br />$34,535,658 . <br /> <br />12,000 <br />$17,764,530 <br /> <br />10 <br /> <br />TOTAL <br /> <br />'" The' board shall not release funds for the town of Well i ngton <br />until such time as the project is: approved. by the, qualified <br />. voters of said town at a referendum therei n. <br /> <br />"'''' The moneys for this project shall not be made available until <br />the board has approved the engineering for the project and the <br />project sponsor has. demonstrated to the board' ssati sfacti oni ts <br />ability to repay the board's investment. <br /> <br />(b) The Colorado water conservation board may expend on <br />each project specified in paragraph (a) of this subsection (I), <br />,from . such moneys as are or may hereafter become avail ab 1 e to the <br />Colorado water conservation board construction fund, the amounts <br />of money listed in said paragraph (a) plus or minus such amounts, <br />if any, as may be justified by reason of ordinary fluctuations in <br />construction costs, as indicated by the engineering cost indices <br />applicable to the types of construction involved for such <br />projects or as may be justified by reason of changes made in the <br />plans and specifi cat ions of the.. project if' those changes are <br />required by fi na lized engi nee ring drawi ngs and ,sped ficati ons or <br />by federa 1 or state requi rements. . <br /> <br />'. .. (c) All municipal and domestic water. supply projects <br />specified in _ paragraph (a) Of this subsection (1) shall include <br />. the installation of ,water meters on alLserv.iceconriections not. <br />presently metered. <br /> <br />. ..", : '" ';',':"'~ ' . <br />. .... (d) TIle sponsor of a project speci fi edinparagraph(a) o'f <br />this subsection (1) may not give notice of award of nor notiCe to.. <br />proceed with construction. nor in any manner incur costs for or., <br />initiate the construction of a project un~ilsuch sponsor has <br />entered fnto a contract with the Colorado water conservation <br />board- for . the constrllctionof a project',andhasothe,rwise. <br />complied with all procedures and conditions required by the <br />board; If a. sponsor fails to comply with this subsection (1), <br />the Colorado water conservationboard'may, at its discretion, <br />. terminate all or a portion of the board' sfinancial contribution <br />ofa project, notwithstanding the authorization made by paragraph <br />(b) of this subsection (1), or require suchassur,ancesfrom the <br />project sponsor as . the board deems. necessary:inorder to:. <br />ade9uately protect the board's investment in a project. <br /> <br />(2) (a) Contracts entered into by the Colorado water <br />conservation board pursuant to sections 37--60-106 (1) (6) and <br />37-60-119 (2), Colorado. Revised Statutes 1973, for the. use of the <br />projects specified in paragraph (a) of subsection (1) of this <br />section shall be subject to the. payment.. periods and total <br />payments set forth therein; except that total payments' shall be <br />. . <br /> <br />PAGE 6-SENATE BILL NO. 439 <br /> <br />.. . <br />~,\ <br /> <br />:."~'" <br />~. <br /> <br />.. .... . <br />.(.....-.. . <br />