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. . . concerning the construction fund program have been in compliance with those criteria. In particular, the Board has taken the following steps: 1. Over two-thirds of the Board's cost of the projects recommended since the adoption of the subject criteria have been for projects which will increase the beneficial consumptive use of Colorado's compact entitlements. 2. No applications for domestic water treatment and dis- tribution systems or flood control projects have been accepted by the Board since March, 1981. 3. All feasibility studies initiated by the Board include the information required by criteria (IX). Administrative Expenditures During FY 84-85 The fOllowing expenditures of construction fund moneys were made during FY 84-85 pursuant to section 37-60-121 (4), CRS, which moneys were appropriated by the long bill for FY 84-85. Personal Services Operating Travel Capital $439,624 20,343 13,976 -0- Total $473,943 The Board would note that the amounts appropriated by the General Assembly substantially exceed the costs of administering the construction fund program. Thus, construction fund monies are necessarily being spent for activities not related to project construction. Status of Construction Fund Pursuant to H.B. 1320 (1983 Session), $24.6 million was transferred from the construction fund to the fiscal emergency fund in FY 1982-83. About $6.25 million was restored to the construction fund early in FY 1984-85 pursuant to H.B. 1441 (1984 Session). The balance of the moneys borrowed were restored on June 30, 1985, together with interest earned. Table 2 gives details of the cumulative status of the construction fund from its inception through December 31, 1985. gl Encls: Table 1 Table 2 Project Summaries -2- J