BOARD00653

• Board Meeting Date: 1/26/2000
• Description: CF Section - Recommended Project Priorities and Funding Sources
• Board Meetings - Doc Type: Memo

devoted to projects which will increase the beneficial consumptive use of Colorado's
undeveloped compact entitled waters." Section 37-60-121 (l)(b)(II), CRS, further states
"the balance of the moneys available to the fund shall be devoted to projects for the repair
and rehabilitation of existing water storage and delivery systems, controlled maintenance of
the satellite monitoring system...., andfor investment in water management activities and
studies... "

The need for a feasibility study for each project is described in Section 37-60-
l22(I)(c), CRS, that states "in order to determine the economic and engineering feasibility
of any project proposed to be constructed from funds provided in whole or in part from the
Colorado water conservation board construction jilnd, the board shall cause a feasibility
report to be prepared on such project if in the discretion of the board, it appears to qualifY
for consideration,.. "

Finally, paragraph l.3.2.(f) of the Board's "Guidelines" states that "preference for
jilnding will be given to those projects which al'e most cost effective, which demonstrate the
greatest needfor assistance, and which best relate to the Board's Long Range Plan. "

Authorizing legislation for the STTFPBA refers to Section 37-60-122 requiring
prioritization of projects. It does not howevter refer to Section 37-60-l21which defines
project priority criterion.

Discussion

Based <in the above statutes and Board policy, the staff will consider the following
parameters in the order shown below in develODing a recommended priority list:

I. The type of project (compact development, dam rehabilitation, infrastructure,
etc.).
2. The unit cost per acre-foot of water.
3. The estimated total annual yielc\ in acre-feet.
4. Whether an acceptable feasibility study has been completed which
demonstrates the project is technically and financially feasible.

Since there is no explicit criterion for establishing STTFPBA project priorities in the
statutes, staff will follow the same criterion as that established for the Construction Fund,

Recommendation

Staff recommends that the Board pass a resolution adopting the information on the
attached spreadsheet that includes the priority list for new projects in 2000 funded from both
the Construction Fund and the Severance Tax Trust Fund Perpetual Base Account and
identifies the respective funding source for each project.

Jan2000.16memo

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