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<br />i <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br /> <br />from such moneys as are or may hereafter become available to the <br /> <br /> <br />severance tax trust fund perpetual base account. The loan shaH be in the <br /> <br /> <br />amount listed in subsection (1) of this section plus or minus such <br /> <br /> <br />amounts, ifany, as may be justified by reason of ordinary fluctuations in <br /> <br /> <br />construction costs as indicated by the engineering cost indices applicable <br /> <br /> <br />to the types of construction required for the project or as may be justified <br /> <br /> <br />by reason of changes in the plans for a project due to differing or <br /> <br /> <br />unforeseen site conditions, errors or omissions in the plans and <br /> <br /> <br />specifications, changes instituted by regulatory agencies, or changes in <br /> <br />material quantities beyond contract limits. <br /> <br />(3) Pursuant to section 37-60-120 (1), Colorado Revised Statutes, <br /> <br /> <br />the board shaH require such terms and conditions in the contracts as will <br /> <br /> <br />ensure repayment of funds made available by it. The board shaH not <br /> <br /> <br />disburse any moneys for the loan authorized by subsection (I) of this <br /> <br />section unless and until it is satisfied, at its sole discretion, that the <br /> <br /> <br />recipient of the loan will be able to make repaymeqt pursuant to the terms <br /> <br />and conditions established by the board and by subsection (I) of this <br /> <br /> <br />section. <br /> <br />SECTION 2. <br /> <br />Decreases to prior water project loan <br /> <br />authorizations from the Colorado water conservation board <br />construction fund. <br /> <br />Borrower- <br /> <br />Prior <br /> <br />Prior <br /> <br />Amount <br />Decrease Remaining <br /> <br />Proj ect <br />Pine River <br />Irrigation District - <br />Raw Water Supply <br />System SB 97-008 $ 341,000 $ 341,000 <br /> <br />Authority Amount <br /> <br />$ 0 <br /> <br />-3- <br /> <br />SB05-084 <br />