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<br /> <br />, <br /> <br />.., <br />"0 ) <br /> <br />Je <br /> <br />e <br /> <br />POLICY NUMBER: 11. <br /> <br />SUBJECT: <br /> <br />ALLOWABLE LOAN AMOUNTS AS A PERCENT OF THE <br />TOTAL PROJECT COST <br /> <br />EFFECTNE DATE: November 24, 1997 <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 projects for Agricultural and Municipal Low- <br />Income loans, For all other classes of loans, in particular for loans <br />to project sponsors with greater financial strength and/or the <br />capacity to issue bonds, the staff may recommend that the Board <br />fund less than 75 percent of planning, design, and construction <br />costs depending upon the particular circumstances of the project <br />sponsor. <br /> <br />PURPOSE: <br /> <br />This policy allows the Board to make available to those project <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: <br /> <br />Not Applicable <br /> <br />Approved by the Board <br />November 24, 1997 Board Meeting <br />Agenda Item #15a <br />