BOARD00159

• Board Meeting Date: 1/27/2004
• Description: CF Section - New Financial Policy Review - Policy #17 - Application Approval and Use of the Grants from the Feasibility Study Small Grant Fund
• Board Meetings - Doc Type: Memo

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. POLICY NUMBER: 17

SUBJECT:

APPLICATION APPROVAL AND USE OF GRANTS FROM
THE FEASIBILITY STUDY SMALL GRANT FUND

EFFECTNE DATE: January 28, 2004

POLICY:

The Colorado Water Conservation Board (CWCB) will accept
applications for grants from the Feasibility Study Small Grant
Fund (the Fund) at any time during the year,

The CWCB will review grant applications from the Fund for water
project feasibility studies that meet the established goals and loan
program needs of the CWCB Construction Fund and Severance
Tax Trust Fund Perpetual Base Account.

All grants from the fund will be limited to fifty percent of the total
study cost. The CWCB Director has the authority to approve
grants for up to $5,000 without prior Board authorization, The
applicant must complete the project feasibility study within one
year of the approval date.

.

Eligible study costs will include:
a, Studv oreuaration costs,
b, Engineering costs including surveying, preliminary
design, geo-technical analysis of foundation
conditions, and the design report.
c. Appraisal costs when an appraisal is required for the
loan,
d. Financial audit costs when no financial information
currently exists,

PURPOSE:

To establish an application and approval process for grants from
the Feasibility Study Small Grant Fund.

APPLICABILITY:

This policy and procedure apply to grant applications from the
Feasibility Study Small Grant Fund,

PROCEDURE:

A grant applicant will submit the following to the CWCB staff for
review:
a, A letter of request for the grant. The letter must
state that the feasibility study will be in the CWCB
format, and that the applicant plans to apply for a
loan from the CWCB and has selected an engineer
to complete the study,

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