PUB00137

• Year: 1996
• Title: Construction Fund Annual Report 1996
• CWCB Section: Finance
• Author: CWCB
• Description: Construction Fund Annual Report 1996
• Publications - Doc Type: CF Annual Report

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3.0 Water Project Construction Loan Program

3.1 Eligible Projects

Under authority of Section 37-60-119 and 121, CRS, the monies in the Construction Fund are
to be used for new storage projects which increase the beneficial consumptive use of Colorado's
compact-entitled waters and for the repair and rehabilitation of existing storage and raw water
delivery systems, The CWCB may recommend fimding of the following types of water projects
through this program:

. Construction of new reservoirs or enlargement of existing dams to enhance water supplies
and develop Colorado's compact entitlement.

. Rehabilitation of existing dams to meet safety standards and to recover lost storage capacity.

. Repair or construction of water resources infrastructure for agricultural or municipal raw
water supply systems including such facilities as diversion structures, canals, ditches, and
pipelines,

. Improvements in water management to increase water use efficiency, to maintain or increase
water supplies, or to increase beneficial consumptive use,

. Mitigation of impacts on fish and wildlife due to dam construction,

. Improvements in management of information about Colorado's water,

The costs of acquisition of land and water rights is generally not eligible for CWCB fimding
except as part of a project, The CWCB does not currently provide fimding for municipal water
treatment and distribution systems. Up to 5-percent of the Board's annual revenue may now be used
to finance flood control projects,

The CWCB's financial participation in any single project is generally limited to a maximum of
75-percent of the total engineering and construction cost of the project, The CWCB may loan up
to 50-percent of the cost of a feasibility study for a water project. The Board's feasibility study loan
must be repaid whether a project is constructed or not.

3.2 Construction Fund Criteria

In 1981 the Legislature adopted criteria for the use of the Construction Fund as set forth in
section 37-60-121 (I)(b), CRS, This criteria was changed in 1992 with the passage ofSB 92- 87,
Actions taken by the Board concerning the construction fimd program have been in compliance with
those criteria, In particular, the Board has taken the following steps:

CWCB FY96 Annual Report, page 15