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<br />218 <br /> <br />'. <br /> <br />j: <br /> <br />. <br /> <br />POLICY NUMBER: 14 <br /> <br />SUBJECT: <br /> <br />APPROVAL AND PRIORITIZATION OF CONSTRUCTION <br />FUND APPLICATIONS FOR NON-REIMBURSABLE <br />PROJECT INVESTMENTS <br /> <br />EFFECTIVE DATE: January 24, 2001 <br /> <br />POLICY: <br /> <br />The Colorado Water Conservation Board (CWCB) will accept <br />applications for non-reimbursable project investments from the <br />Construction Fund until August 31 of each year. <br /> <br />Applications for non-reimbursable project investments from the <br />Construction Fund will be accepted for the following types of <br />projects only: <br />1. <br /> <br />2. <br /> <br />Projects or studies of statewide impact or <br />importance. <br />. Feasibility studies and demonstration projects that <br />are designed to answer questions related to <br />statewide water issues or have significant potential <br />to result in loans from either the Construction Fund <br />or the Severance Tax Trust Fund Perpetual Base <br />Account. <br /> <br />. <br /> <br />The CWCB may, in any year, recommend approval to the General <br />Assembly any project in the above categories that the Board deems <br />worthy of funding through non-reimbursable investments. In order <br />to protect the long-tenn integrity of the Construction Fund, <br />Construction Fund loan applications are preferred over non- <br />reimbursable investment applications. <br /> <br />Approximately 10% of the annual funds available for non- <br />reimbursable investments will be set aside for feasibility studies <br />and demonstration projects. Feasibility study and demonstration <br />project investments will be limited to 50% of the total study or <br />project cost, up to a maximum of $100,000. The project applicant <br />must have completed a fully executed non-reimbursable <br />investment funding contract with the CWCB within 2 years of the <br />investment authorization by the General Assembly, or the Board <br />will consider de-authorization ofthe investment. <br /> <br />PURPOSE: <br /> <br />To establish an approval and prioritization process for non- <br />reimbursable investJl1ents from the Construction Fund. <br /> <br />. <br /> <br />APPLICABILITY: This policy and procedure apply to applications for non- <br />reimbursable investments from the Construction Fund. <br /> <br />JanO! item!2aPolicy#14.doc <br />