BOARD00975

• Board Meeting Date: 11/19/2001
• Description: CF Section - Project De-Authorization Review Deadline Extension Recommendations
• Board Meetings - Doc Type: Memo

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Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado B0203
Phone: [phone]
FAX: [phone]
www.cwcb.state.co.us

STATE OF COLORl\DO

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BiUOwens
Governor

MEMORANDUM

Greg E. Walcher
Executive Director

Rod Kuharich
CWeB Director

Dan McAuliffe
Deputy Director

TO:

Colorado Water Conservation Board Members

Mike Serlet, P.E.,.III f
Chief, Water Supp!f Planning and Finance Section

FROM:

DATE:

November 9,2001

SUBJECT:

Agenda Item 20a - November 19-20, 2001 Board Meeting
Water Supply Planning and .Finance - Project De-authorization Review
Deadline Extension Recommendations

Introduction
In September 1999, the Board adopted Board Policy #1, Construction Fund and Severance
Tax Trust Fund 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 Trust Fund Perpetual Base Account loan projects
that do not have a fully executed CWCB funding contract within three years of the
project's legislative authorization. Tl1ese projects may be recommended for inclusion in
the list of Project Loan De-Authoritations 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. If 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 e:l(tend 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.

Flood Protection. Water Project Planning and Financing. Stream and Lake Protection
Water Supply Protection. Conservation Planning