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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 /> <br />4.0 Water Project Construction Loan Program <br /> <br />4.1 Eligible Projects <br /> <br />Under authority of Section 37-60-119 and 121, CRS, the monies in the Construction Fund are <br />to be used for new storage projects which increase the beneficial consumptive use of Colorado's <br />compact-entitled waters and for the repair and rehabilitation of existing storage and raw water <br />delivery systems. The CWCB may recommend funding of the following types of water projects <br />through this program: <br /> <br />. <br /> <br />Construction of new reservoirs or enlargement of existing dams to enhance water supplies <br />and develop Colorado's compact entitlement. <br /> <br />. <br /> <br />Rehabilitation of existing darns to meet safety standards and to recover lost storage capacity. <br /> <br />. <br /> <br />Repair or construction of water.resources infrastructure for agricultural or municipal raw <br />water supply systems including such facilities as diversion structures, canals, ditches, and <br />pipelines. <br /> <br />. <br /> <br />Improvements in water management to increase water use efficiency, to maintain or increase <br />water supplies, or to increase beneficial consumptive use. <br /> <br />. <br /> <br />Mitigation of impacts on fish .and wildlife due to dam construction. <br /> <br />. <br /> <br />Improvements in management of information about Colorado's water. <br /> <br /> <br />The CWCB does not currently provide funding for municipal water treatment and distribution <br />systems. Up to 5-percent of the Board's annual revenue may be used to finance flood control <br />projects. The costs of acquisition of land and water rights are not eligible for CWCB funding except <br />as part of a project and under certain special conditions. <br /> <br />The CWCB's financial participation in any single project is generally limited to a certain <br />percentage ofthe total engineering and construction cost ofthe proj ect. The Board may loan up to <br />50-percent of the cost of a feasibility study for a water project. The Board's feasibility study loan <br />must be repaid whether a projeci is constructed or not. Middle and high income municipalities and <br />commercial water users may borrow up to 75-percent of the construction costs of a project. <br />Agricultural and low income municipalities may borrow up to 90-percent of the construction costs <br />of a proj ect. <br /> <br />CWCB FY98 Annual Report, page 23 <br />