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<br />2.8 Small Project Loan Account <br /> <br /> <br />In 1994 through SB94-029, the General Assembly created the Small Project Loan Account. A <br />total of $2.0 million was set aside for loans of $100,000 or less, The CWCB was empowered to <br />authorize these loans at any time during the year without waiting to submit these projects for General <br />Assembly approval during the legislative session. <br /> <br />There were five loans totaling $281,700 from the Small Project Account approved by the Board <br />in FY95-96, However, the total amount actually under contract, or $210,000, was less than the total <br />amount approved by the Board, A balance of $1,875,000 was reported by COFRS to be in the <br />account on June 30, 1996. <br /> <br />Two additional projects have been approved by the Board in the first half ofFY96-97, so as of <br />January I, 1997, $1,590,000 was available in the account. <br /> <br />I Date Approved Contract <br />Approved BorrowerlEmer~encv County Amonnt Amount <br />I Jul1995 Caryl R, Carroll - Rio Blanco $ 25,000 $ 25,000 <br /> D&D Wise Dam Rehab, (Additional) <br />I Jan 1996 The Pagosa Springs Pipeline Co, - Archuleta 60,000 0 <br /> Raw Geothennal Water Pipeline <br /> Jan 1996 South Plalte Ditch Company - Logan 100,000 100,000 <br />I Diversion Structure Rehabilitation <br /> Mar 1996 Bravo Ditch Company - Logan 51,700 40,000 <br />I Diversion Structure Rehabilitation <br /> May 1996 Tremont Mutual Ditch Company - Morgan 45,000 45,000 <br />I Diversion Structure Rehabilitation <br />Sep 1996 Decker Lateral Company - Weld 100,000 100,000 <br /> Decker Lateral Lining Project <br />I Nov 1996 Excelsior Irrigating Company - Pueblo 100,000 100,000 <br /> Ditch Rehabilitation -------- ------ <br />I Totals $481,700 $410,000 <br />I <br />I <br />I <br />I CWCB FY96 Annual Report, page II <br />