BOARD00007

• Board Meeting Date: 1/26/2000
• Description: CF Section - New Loans - Jackson Lake Reservoir and Irrigation Company - Diversion Structure Rehabilitation
• Board Meetings - Doc Type: Memo

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ST A TE OF COLORADO

Colorado Water Conservation Board

Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone, [phone]
FAX, (303) 866-+174

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Bill Owens
Governor

MEMORANDUM

Greg E. Walcher
Executive Director

TO:

Colorado Water Conservation Board Members

Peter H. Evans
ewes Director

FROM:

Dan McAuliffe
Mike Serlet, P.E., tt/'J' Water Supply Planning an~ Finance SectioIfieputy O"ecto<

January 18,2000

DATE:

SUBJECT: Agenda Item lOb, January 26-27, 2000 Board Meeting
Water Supply Planning and Finance - New Loans
Jackson Lake Reservoir and Irrigation Company - Diversion
Structure Rehabilitation

Introduction

At its November 22-23, 1999 meeting, the Board approved a $336,600 loan to the
Jackson Lake Reservoir and Irrigation Company for the rehabilitation of their diversion
structure on the South Platte River. To provide the Board flexibility in allocating the
Construction Fund and the Severance Tax Trust Fund Perpetual Base Account
(STTPPBA) financial resources, it is necessary to designate the appropriate funding
source for each project loan. The Board did not identify a funding source for this project.

Background

The Construction Pund and STTFPBA are two separate funding sources for water
project loans to be recommended by the CWCB for appropriation by the General
Assembly. Each funding source is controlled by statutory provisions that are similar in
nature but have two very specific differences.

The first difference is that the statute creating the STTFPBA, Section 39-29-109,
C.R.S., is very specific in that only loans shall be provided by the account, whereas,
project grants and other non-reimbursable expenses from the Construction Fund have
historically been approved by the Legislature.

Jan2000.10bmemo