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

3.11 Restoration of Emergency Infrastructure Repair Loan Account Balance

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The Board recommends a total of $960,000 be transferred from unreserved cash in the
Construction Fund to bring the balance in the Emergency Infrastructure Repair Loan Account back
to $2 million, Since its creation in 1993, the Board has authorized 7 loans with contract amounts
totaling $960,000 from the account for qualifYing projects in Montezuma, Larimer, Rio Blanco,
Douglas, Clear Creek, and Las Animas counties,

3.12 Salinity Control Program Loans

The Board recommends it be authorized to expend a cumulative total of $1,000,000 from
unreserved cash in the Colorado water conservation board construction fund for loans to participants
in the Colorado river basin salinity control program, Such loans shall be at the terms and conditions
the Board determines after review and approval of each potential participant's application. The loan
amount shall not exceed 50% of the total cost of constructing any particular salinity control project.

3.13 Horse Creek Basin Loan Account

At the January 1997 meeting, the Board recommended the creation of the Horse Creek Basin
Account in the Construction Fund. The account should have an initial balance of$915,000. The
Board recommended it be authorized to make loans from the account to borrowers in the Horse
Creek basin for the purpose of acquiring water rights, with an initial loan for up to $825,000 from
the account to the Horse Creek Water Users Association,

CWCB FY96 Annual Report, page 24