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<br />Compliance with Construction Fund Criteria <br /> <br />. <br /> <br />Since the adoption in 1981 of the criteria set forth in <br />section 37-60-121 (l)(b), CRS 1973, as amended, all actions taken <br />by the Board concerning the construction fund program have been <br />in compliance with those criteria. In particular, the Board has <br />taken the following steps: <br /> <br />1. Over two-thirds of the Board's cost of the projects <br />recommended since the adoption of the subject criteria <br />have been for projects which will increase the <br />beneficial consumptive use of Colorado's compact <br />entitled waters. <br /> <br />2. No applications for domestic water treatment and dis- <br />tribution systems and flood control projects have been <br />accepted by the Board since March, 1981. <br /> <br />3. All feasibility studies initiated by the Board include <br />the information required by criteria (IX). <br /> <br />Expenditures During FY 82-83 <br /> <br />The following expenditures of construction fund moneys were <br />made during FY 82-83 pursuant to section 37-60-121 (4), CRS 1973, <br />as amended: <br /> <br />. <br /> <br />Personal Services <br />Operating <br />Travel <br />Capital <br /> <br />Total <br /> <br />$ 73,521 <br />26,5l2 <br />2,903 <br />391 <br /> <br />$103,327 <br /> <br />Status of Construction Fund <br /> <br />Pursuant to H.B. 1320 (1983 Session), $22.5 million was <br />transferred from the construction fund to the fiscal emergency <br />fund last fiscal year. While this left sufficient money in the <br />construction fund to proceed with projects scheduled for FY <br />83-84 (which projects were identified in sec. 5, H.B. 1102, 1983 <br />Session), other already authorized projects cannot be started <br />until the $22.5 is returned to the construction fund. <br /> <br />. <br /> <br />Even with the return of the $22.5 million, all monies <br />available to the construction fund will probably have been <br />authorized for expenditure by the spring of 1985 (assuming the <br />authorization of the three projects recommended this year plus <br />more next year). Thus, it will not be possible to start new <br />projects after FY 84-85, except to the extent that annual income, <br />amounting to about $4-6 million, is received from interest, <br />repayments, and mineral leasing monies allocated to the <br />construction fund by statute, unless further appropriations are <br />made to the construction fund <br /> <br />-2- <br />