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<br /> <br />- <br /> <br />APPROPRIATED AND SHALL BE MADE FROM THE UNRESERVED BALANCE OF <br />FUNDS IN THE COLORADO WATER CONSERV ATIpN BOARD CONSTRUCTION FUND . <br />AND THE STATE SEVERANCE TAX TRUST FUND PERPETUAL BASE ACCOUNT, <br />(c) In order to determine the economic and engineering feasibility of any project <br />proposed to be constructed from funds provided in whol~ or in part from the Colorado water <br />conservation board construction fund, the board shall cause a feasibility report to be prepared on <br />such proposed proj ect if, in the discretion of the board, it appears to qualify for consideration <br />under section 37 -60-119, The board may also cause a feasibility report to be prepared on any <br />other water project proposed in this state whether funded by the Colorado water conservation <br />board construction fund or by any other source or entity pr federal or state agency, and the board <br />shall cooperate with any such entity or federal or state a$ency in the planning of such project. <br />The board shall also cause any feasibility study to be made at the direction of the general <br />assembly, For all such feasibility investigations, the bo!\!,d is authorized to commit or expend on <br />a continuing basis ten percent of the moneys appropriated, credited, or otherwise applied to the <br />construction fund authorized by section 37-60-121 prior to the execution and approval of any <br />contract contemplated by paragraph (a) of this subsection (1); except that the cost of any <br />feasibility investigation shall be considered a part of the! total proj ect cost if such proj ect is <br />subsequently constructed. <br />(a) The do water conservation board is authorizeil to moans in a maximum amount of <br />one million dollars small projects, These loans shall require prior general assembly <br />approval, and shall be a oved by the board for the ose of avoiding undue delay in <br />completion of the project. <br />(b) The total amount of small pr' t loans s 1 not exceed the total of unreserved funds in the <br />Construction Fund and the Severance rust Fund Perpetual Base Account in any fiscal year. . <br />(3) The board shall submit to the gen 1 a embly a ~itten description of each small project <br />loan not later than January 15 oft followin ear in which the loan was made, <br /> <br /> <br />. <br /> <br />