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Last modified
3/26/2010 3:55:22 PM
Creation date
9/30/2006 10:23:15 PM
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Template:
Publications
Year
1986
Title
Construction Fund Annual Report 1986
CWCB Section
Finance
Author
CWCB
Description
Construction Fund Annual Report 1986
Publications - Doc Type
CF Annual Report
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<br />. <br /> <br />. <br /> <br />. <br /> <br />COLORADO WATER CONSERVATION BOARD <br />721 State Centennial Building <br />1313 Sherman Street <br />Denver, Colorado 80203 <br />January, 1986 <br /> <br />Closed Basin Project <br /> <br />Introduction <br /> <br />The Board's role in the development of the federal Closed <br />Basin Project has been to acquire the land owned by the State <br />Land Board which is needed for project purposes and to contribute <br />funds for recreation enhancement. With the preparation of a <br />master plan for recreation and for fish and wildlife by the <br />Divisions of Wildlife and of Parks and Outdoor Recreation, it has <br />become clear that initial estimates of costs (made in the late <br />1970s) are below the current projected costs. <br /> <br />Proposed Funding <br /> <br />The current proposal for recreation facilities is at a <br />reduced but fully satisfactory level of development. The <br />estimated cost to the state is $380,250, which amount the federal <br />government will match. <br /> <br />The authorized expenditure for the Closed Basin Project in <br />SB 537 (1979) is $500,000. With recreational costs of 5380,250, <br />the authorization would be exceeded as follows: <br /> <br />Land acquisition for project area <br /> <br />$195,840 <br /> <br />State share of recreational <br />development <br /> <br />380,250 <br /> <br />$576,090 <br /> <br />Since the recreational costs are based on preliminary estimates <br />and land acquisition has not yet been completed, it is <br />recommended that the authorization be increased to $625,000. <br /> <br />Recommendation <br /> <br />The Board recommends to the General Assembly that the <br />authorized expenditure for the Closed Basin Project be increased <br />to $625,000. Further, the Board recommends that the authorizing <br />legislation be amended at this time to clearly state that the <br />Board's expenditures are non-reimbursable pursuant to section <br />37-60-119, CRS, this having been originally intended and the <br />basis upon which the Board has been proceeding since 1979. <br /> <br />bj <br /> <br />702 <br />agendaj14c <br />
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