LEG00261

• Bill Number: HB85-1042
• Year: 1985
• Title: Concerning Projects Funded by the Colorado Water Conservation Board Construction Fund, and Relating to the Activities of the Colorado Water Conservation Board in Connection Therewith
• Legislation - Doc Type: Construction Fund Bill

-.

9
10

Project -- Phase 2
North Poudre No. 2
Reservoir'"
Clark Lake'"
.... ,:;,Total'

7,500,000

40

17,484,000
582,800
1,165,600.'
$30,100,240

#i\..
~

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::

250,000 .
. '500,000'
" . $12 927 500:;
'. .J t

40
40;

'" The moneys .for this project shall not be made available by
the board until the board has, in its sole discretion,
determined that the project is technically and financially
feasible.

(2) The Colorado water conservation board may make loans
for the construction of' each project specified in subsection
(1) of this section from such moneys as are or may hereafter
become available to the Colorado water conservation board
construction fund, said loans to be in the amounts listed in
subsection (1) of this section plus or minus such amounts, if
any, as may be justified by reason of ordinary fluctuations in
construction costs as indicated by the engineering cost
indices applicable to the types of construction involved for
such projects or as may.be justified by reason of changes made
in the plans for a project if those changes are required by
final engineering drawings and specifications or by federal or
state requirements.

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"'"

(3) Contracts entered into by the Colorado water
conservation board pursuant to section 37-60-119 (2), Colorado
Revised Statutes, for loans to enable the construction of the.
projects specified in subsection (1) of this section shall be
subject to the repayment periods and total repayments set
forth in subsection (1) of this section; except that total
repayments shall be adjusted to reflect any changes in
expenditures made pursuant to subsection (2) of this. section.

(4) The Colorado water conservation board is authorized
to expend'not more than one million dollars of the loan
authorized in 'subsection (1) of this section to prepare
feasibil ity reports on the various components of the San
.Miguel water conservancy district project -- phase 2; except
that any amount expended by the board on feasibility reports
need not be repaid unless the portion of the project to which
a report is addressed is in fact constructed. The moneys' for
construction of this . project shall not be made available by
the board until the board has,.' in its sole discretion,
determined that the project' or . any portion thereof is
technically arid finanCially feasible. "

SECTION 2. Sectio~'4- (1) (a) of chapte~':i41; Session
Laws of Colorado 1982, as amenaed.by section 6 of chapter 405,
Session Laws of Colorado 1983, is amended to read:

L

Section 4. Project authorizations. (1) (a) Pursuant to

PAGE 2-HOUSE BILL NO. 1042