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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 />2.5 Emergency Infrastructure Repair Loan Account <br /> <br />In 1993 through HB 93-1273, the Legislature authorized the Board to set aside $2.0 million of <br />Construction Fund money in an account reserved for emergency repair of water resources <br />infrastructure systems to avoid potential economic losses. The money in the account is continuously <br />appropriated to the Board for immediate availability only for emergency repair of water storage <br />systems or water distribution systems. The account is intended to provide flexibility for the Board <br />to make funds available in a timely manner in emergency situations. <br /> <br />The Board approved 3 emergency loans in FY 94, 2 emergency loans in FY 95, no emergency <br />loans in FY 96, 2 emergency loans in FY 97, and 1 thus far in FY 97-98. A list of the 8 projects that <br />have been authorized by the Board through the Emergency Infrastructure Repair Account is shown <br />in the table below. <br /> <br />The balance in the Emergency Infrastructure Repair Account was $1,532,501 on June 30, 1997. <br />Section 12 ofSB 97-008 effective May 21,1997 directed the State Treasurer to transfer $960,000 <br />or so much as necessary from unreserved cash in the Construction Fund to restore the balance in the <br />account to $2,000,000. <br /> <br />Date Approved Contract <br />Approved 'BmTDWp.T _ 'F.ml!!rgenc:y Count:)' Amount A.mnunt <br />Jul 1993 Summit Reservoir and Irrigation Company - Montezuma $ 60,000 $ 33,000 <br /> Repair a slide on the Summit Reservoir Dam and <br /> Repair a portion of the Lost Canyon Ditch <br />Jan 1994 Windsor Canal and Reservoir Co. - Larimer 300,000 300,000 <br /> poudre Valley Canal Slide Repairs <br />Feb 1994 Town of Rangety . Rio Blanco 34,000 34,000 <br /> Raw Water Intake Structure Repairs <br />Nov 1994 Castle Pines North Metro District- Douglas 101,500 100,500 <br /> Rehabilitate Well A-I <br />Nov 1995 City ofIdaho Springs - Clear Creek 130,000 130,000 <br /> Diversion Structure Repairs <br />Nov 1996 Consolidated Extension Canal Co. - Las Animas 300,000 300,000 <br /> Siphon Rehabilitation <br />Nov 1996 Mancos Water Conservancy District - Montezuma 62,500 62,500 <br /> Feeder Ditch Slide Repair <br />Sep 1997 Julesburg Irrigation District - Logan 590,000 590,000 <br /> Diversion Structure Rehabilitation <br /> ----------- .--------- <br /> Totals $1,578,000 $1,550,000 <br /> <br />CWCB FY97 Annual Report, page 9 <br />