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<br />, <br /> <br />. <br /> <br />e <br /> <br />WITH THE CWCB) <br />3.1.2 A provision or provisions stating thatWestem may repay the CWCB in one lump <br />sum or in periodic payments that include principal and interest. These provisions <br />shall also establish a procedure by which Westem may elect to not remit a loan <br />payment for the purpose of minimizing the impact of loan repayment on j*lWllf <br />SLCA-IP rates. This provision shall specifY a date by which Westem must notifY <br />the CWCB of its intent to not remit a loan payment, and shall provide that interest <br />shall continue to accrue to the loan and that late charges shall not apply. <br />3.1.3 A provision or provisions indicating the basis for concluding that no collateral or <br />security interests are required to assure repayment of the loan. <br />3.1.4 A provision or provisions indicating that the CWCB, Reclamation and Western shall <br />adhere to all applicable federal, state, and local laws and regulations that are in <br />effect or may be established throughout the term of the contract. <br />3.1.5 A provision or provisions indicating that no funds shall be used to exercise the power <br />of eminent domain. <br />3.1.6 A provision or provisions indicating that the financial obligations of the Slate of <br />Colorado and Westem payable after the current fiscal year are contingent upon <br />funds for that purpose being appropriated, budgeted, and otherwise made available. <br /> <br />e <br /> <br />e <br />