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<br />~ <br /> <br />" <br />. <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Sherman Street <br />Denver, Colorado 80203 <br />Phone: (303) 866.3441 <br />fAX, (3031866-4474 <br /> <br />STATE OF COLOMDO <br /> <br />. <br /> <br />Bill Owens <br />Governor <br /> <br />MEMORANDUM <br /> <br />CregE. Walcher <br />Executive Director. DNR <br />Peter H. Evans <br />Director, eweB <br /> <br />TO: Colorado Water Conservation Board Members <br /> <br />FROM: Mike Serlet, P,E" Chief, Water Supply Planning and Finance Sectionl/J <br />DATE: November 16, 1999 <br /> <br />SUBJECT: Agenda Item 16a - November 22-23,1999, Board Meeting <br />Water Supply Planning and Finance <br />Special Purpose Accounts Within the CWCB Construction Fund <br />Emergency Infrastructure Loan Account - Replacement of Funds <br /> <br />Introduction <br /> <br />Ten projects with loan contracts totaling $2,185,000 have been financed through <br />the Board's Emergency Infrastructure Repair Account. One additional project totaling <br />$250,000 will be proposed at the November 1999 meeting, If this loan is approved, the <br />balance in the Emergency Infrastructure Account will be within one average project of <br />being exhausted, <br /> <br />Background <br /> <br />In 1993 through HB 93-1273, the Legislature authorized the Board to set aside <br />$2,0 million of Construction Fund money in a special account reserved for emergency <br />repair of water resources infrastructure systems, The money in the account is <br />continuously appropriated to the Board for immediate availability primarily for <br />emergency repair of water storage systems or water distribution systems, The account is <br />intended to provide flexibility for the Board to make funds available in a timely manner <br />in situations where the time to obtain legislative approval would be a significant financial <br />hardship to a borrower, <br />