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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 10w-interest loans to construct <br />and repair water resources infrastructure in Colorado. The fund is primarily designed to help <br />develop new water storage capacity and to capture lost storage through repairs and rehabilitation of <br />existing structures. FY 97 was a record year for both the number of project loans completed and the <br />value ofloans for the completed projects. <br /> <br />This year, the Colorado Water Conservation Board will seek legislative authorization to provide <br />spending authority totaling $21.3 8 million. The Board recommends authority to make low interest <br />loans totaling $]8.8] million to fund] 7 water development projects statewide and $2.57 million in <br />grants for 7 studies and projects. The recommended grants include provisions for continued CWCB <br />funding support for computerized systems and investigations that will enable the state to better plan <br />and manage its water resources. The Board also recommends decreases totaling $6.82 million for <br />8 previously authorized loans and transfer of$2.00 million for the creation of Iloan account within <br />the Construction Fund. <br /> <br />~~ <br /> <br />Peter H. Evans, Acting Director <br />Colorado Water Conservation Board <br /> <br />_10 PS1-~ <br /> <br />William P. Stanton, Chief <br />Proj ect Planning and Construction Section <br /> <br />r:::",rcp ~'1::J- 1..:--"::': ?.::-.....-:. ;-.::';F ::: <br />