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<br />j' <br />I <br />) <br />\ <br /> <br />. 4t POLICY NUMBER: 11 <br /> <br />. <br /> <br />. <br /> <br />SUBJECT: <br /> <br />ALLOWABLE LOAN AMOUNTS A8--A BASED UPON A <br />PERCENTAGE OF THE TOTAL PROJECT COST <br /> <br />EFFECTIVE DATE: November 24, 1997 <br />Mav 24. 2005 <br /> <br />POLICY: <br /> <br />The Colorado Water Conservation Board (CWCB) may lend up to <br />90 percent of the total costs for the planning, engineering design <br />and construction of proj ects~ for ,^.grieultural !IRa Mlffiieipa-l Lew <br />Ineome leans. For all ether elaases of leana, in part-isular for leans <br />to proj eet sponsors ...:ith greater finaneial strength !lRaier the <br />eapaeity ta issue banas, the staff may reee_eRa that the Beara <br />:funa less th!IR 75 pareeBt sf plan;Hng, aesign, !IRa eonslmetien <br />eests aBfleREling lIj3en the partieular eirelHllst!IReeS of the prej eet <br />spenser. For those proiects partial1v funded bv the Natural <br />Resources Conservation Service (NRCS) programs. the CWCB <br />mav authorize a loan UP to 100 percent of the total cost of the <br />planning. engineering design and proiect construction. in <br />anticipation of reoayment of a portion of the initial loan amount <br />with NRCS funding. <br /> <br />PURPOSE: <br /> <br />This policy allows the Board to make available to those proj ect <br />sponsors with the greatest need for financial assistance, loans that <br />require less funding from other sources relative to the overall <br />project cost. <br /> <br />APPLICABILITY: This policy applies to the consideration of all requests for funding <br />from the CWCB Construction Fund and Severance Tax Trust Fund <br />Perpetual Base Account. <br /> <br />PROCEDURE: Not Applicable <br /> <br />Approved by the Board <br />November 24, 1997 Board Meeting <br />Agenda Item #15a <br />