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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />PREFACE <br /> <br />The CWCB Construction Fund is an important tool for providing low-interest loans to <br />construct and repair water resources infrastructure in Colorado. The fund is primarily used to <br />help build new dams and reservoirs and to capture lost storage through repairs and rehabilitation <br />of existing structures, <br /> <br />This year, the Colorado Water Conservation Board will seek legislative authorization to <br />provide low interest loans totaling $5.9 million to fund eight water development projects <br />statewide. The 1996 Construction Fund bill also includes provisions for continued CWCB <br />funding support for computerized systems and investigations that will enable the state to better <br />manage and evaluate options for the Colorado and South Platte rivers. <br /> <br />In a separate bill, SB96-124, the Board is seeking $4.0 million from the Construction Fund <br />for loans and grants to water users in the lower Arkansas River basin to help acquire water rights <br />for well pumping augmentation plans. <br /> <br />Daries C, Lite <br />Director <br /> <br />CWCB Annual Report, page iii <br />