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<br />TABLE 2 <br />Loans Approved by the CWCB from the <br />Fish and Wildlife Resources Account <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />1 <br /> <br />2.3 Fish and Wildlife Resources Account <br /> <br />In 1987, HB 87-1158 created the Fish and Wildlife Resources Account, also known as the <br />"Mitigation" Account, in the Construction Fund. Procedures for obtaining mitigation grant <br />approval are found under section 37-60-122.2, CRS. <br /> <br />Non-reimbursable expenditures totaling $1.68 million have been approved by the Board from <br />the Mitigation Account for mitigation plans approved by the Division of Wildlife. These <br />disbursements are listed below. <br /> <br />The balance in the Mitigation Account was $4,670,436 on June 30, 1998. <br /> <br />Auuroved <br /> <br />Grautee - Proiect <br /> <br />County <br /> <br />Amount <br /> <br />1989 <br /> <br />Upper Yampa Water Cons. District- <br />Stagecoach Reservoir <br /> <br />Routt <br /> <br />$ 400,000 <br /> <br />Mar 1990 <br /> <br />Colorado River Water Cons. District - <br />Wolford Mountain Reservoir <br /> <br />Grand <br /> <br />1,278,828 <br /> <br />Total $1,678,828 <br /> <br />2.4 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. Section 12 of SB 97-008 <br />effective May 21, 1997 directed the State Treasurer to transfer $960,000 or so much as necessary <br />from unreserved cash in the 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 emergency <br />loans in FY 96, 2 emergency loans in FY 97, 1 in FY 98, and 1 thus far in FY 99. A list of the 9 <br />proj ects that have been authorized by the Board through the Emergency Infrastructure Repair <br />Account is shown in the following table. The balance in the Emergency Infrastructure Repair <br />Account was $1,700,570 on June 30,1998. <br /> <br />cweB FY98 Annual Report, page 8 <br />