PUB00059

• Year: 1995
• Title: Construction Fund Annual Report 1995
• CWCB Section: Finance
• Author: CWCB
• Description: Construction Fund Annual Report 1995
• Publications - Doc Type: CF Annual Report

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CWCB Annual Report, page 15

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3.0 Water Project Construction Loan Program

3.1 Completed Construction Projects

The CWCB Construction Fund was established by the General Assembly in 1971 to provide
low interest, long-term loans to water users for the development of water projects, The first
project was completed in 1977. By the end of FY94-95 , the fund provided over $76.6 million
in fmancing for over 125 water projects. A list of the completed projects is shown in Appendix
A.

Under authority of Section 37-60-119 and 121, CRS, the monies in the Construction Fund are
to be used for new storage projects which increase the beneficial consumptive use of Colorado's
compact-entitled waters and for the repair and rehabilitation of existing storage and raw water
delivery systems, The CWCB may recommend funding of the following types of water projects
through this program:

. Construction of new reservoirs or enlargement of existing dams to enhance water supplies
and develop Colorado's compact entitlement.

. Rehabilitation of existing dams to meet safety standards and to recover lost storage
capacity.

. Repair or construction of water resources infrastructure for agricultural or municipal raw
water supply systems including such facilities as diversion structures, canals, ditches, and
pipelines.

. Improvements in water management to increase water use efficiency, to maintain or
increase water supplies, or to increase beneficial consumptive use.

. Mitigation of impacts on fish and wildlife due to dam construction.

. Improvements in management of information about Colorado's water.

The costs of acquisition of land and water rights is generally not eligible for CWCB funding
except as part of a project. The CWCB does not currently provide funding for municipal water
treatment and distribution systems. Up to 5-percent of the Board's annual revenue may now be
used to finance flood control projects.

The CWCB's fmancial participation in any single project is generally limited to a maximum
of 75-percent of the total engineering and construction cost of the project. The CWCB may loan
up to 50-percent of the cost of a feasibility study for a wllter project. The Board's feasibility
study loan must be repaid whether a project is constructed or not.