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<br />I <br />I, <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />1\ <br />I <br />I, <br />I <br />I <br />I <br />I, <br />I <br />I <br />I, <br /> <br />2.4 Emergency Infrastructure Repair Loan Account <br /> <br />In 1993 through HE 93-1273, the Legislature authorized the Board to set aside $2.0 <br />million of Construction Fund money in an account reserved for emergency repair of <br />water resources infrastructure systems to avoid potential economic losses, The money in <br />the account is continuously appropriated to the Board for immediate availability only for <br />emergency repair of water storage systems or water distribution systems. The account is <br />intended to provide flexibility for the Board to make funds available in a timely manner <br />in emergency situations. Section 12 of SB 97-008 effective May 21, 1997 directed the <br />State Treasurer to transfer $960,000 or so much as necessary from umeserved cash in the <br />Construction Fund to restore the balance in the account to $2,000,000. <br /> <br />The Board approved 3 emergency loans in FY 94, 2 emergency loans in FY 95, no <br />emergency loans in FY 96, 2 emergency loans in FY 97, I in FY 98, and 1 in FY 99. A <br />list of the 10 projects that have been authorized by the Board through the Emergency <br />Infrastructure Repair Account is shown in the following table. The balance in the <br />Emergency Infrastructure Repair Account available for loans was $1,064,945 on June 30, <br />1999. <br /> <br />TABLE 3 <br />Loans Approved by the CWCB from the <br />Emergency Infrastructure Repair Loau Account <br /> <br />Date Approved Contract <br />Approved Borrower/Emerl!encv County Amount Amount <br />Jul1993 Summit Reservoir & Irrigation Co. - Montezuma $ 60,000 $ 33,000 <br /> Repair a slide on the Summit Reservoir <br /> Dam and Repair a portion of the Lost <br /> 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 Rangely - 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 /> CWCR FY99 Annual Report, page II <br />