BOARD00893 - Laserfiche WebLink

Home Browse Search

STATE OF COLORADO . Colorado Water Conservation Board Department of Natura 1 Resources 1313 Shennan $aeet, Room 721 Denver, Colorado 30203 Phone: (lOl) 366.l441 FAX: (lOl) 866-4474 Q BiUOwens Governor MEMORANDUM Greg E. Walcher Executive Direcmr FROM: Colorado wateiCo servation Board Members Mike Serlet, P. 'ef, Water Supply Planning and Finance Section Bill Green, P.E., 'i ater Supply Planning and Finance Section pC;:-;; John Van SCiver,~.{./ Water Supply Planning and Finance Secti~)' Tim Feehan, P.E. ''qler Supply Planning and Finance Section Larry Lang, PE., Food Protection Sectior[. ~_ November 15, 2000 Dan McAuliffe (WeB Director (Acting) TO: DATE: SUBJECT: Agenda Item lla-p- Novemb"-r 20-21,2000, Board Meeting Water Supply Planning and Finance Loan De-authorization Review . Introdu '[ion ill September 1999, the Board adopted Board Policy #1, Construction Fund and Severance Tax Perpetual Base Account Project Time Limits, Which policy provides the following direction: The Colorado Water Conservation Board (CWCB) shall review the status of all Construction Fund and Severance Tax Perpetual Base Account loan projects that do not have a fully executed CWCB funding contract within three years of the project's legislative authorization. These projects may be recommended for inclusion in the list of Project Loan De-Authorizations in the next annual Construction Fund Bill unless the Board specifically approves a time extension. The Policy further outlines the basis for staff recommendations: 1. If the Project Sponsors have not shown diligence toward execution of a funding contract within three years of their authorizing legislation, the staff will recommend to the Board that the project be included in the Project Loan De-Authorization recommendation to the Legislature. . 2. [f the Project Sponsors have progressed towards execution of a project funding contract, but the progress has been delayed due to extenuating circumstances, the staff may recommend that the Board extend the project time limit for one year. The staff will continue to review the project on an annual basis until a CWCB funding contract is fully executed or the Board has recommended de-authorization to the Legislature.