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<br />32 <br /> <br />Water Conservation Board Construction Fund Performance Audit-February 1993 <br /> <br />d. Monitor the results of the new practice, including the cost recoveries. <br /> <br />e. Report the results to the General Assembly on an annual basis. <br /> <br />Colorado Water Conservation Board Response: <br /> <br />Agree. The CWCB has historically recovered its share of feasibility <br />study costs of projects which receive Construction Fund assistance by <br />adding those costs into the loan repayment schedule. The CWCB agrees <br />that those costs should also be recovered for projects which are not built <br />even though the feasibility study shows the project is viable and <br />Construction Fund assistance is authorized. <br />