BOARD01261

• Board Meeting Date: 11/19/2003
• Description: CF Section - Loan De-authorization Review
• Board Meetings - Doc Type: Memo

STATE OF COLORADO

Colorado Water Conservation Board

Department of Natural Resources
1313 Shennan Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX, [phone]
www.cwcb.state.co.us

Bill Owens
Governor

Greg E. Walcher
Executive Director

MEMORANDUM

Rod Kuharich
CWCB Director

TO:

Colorado Water Conservation Board Members

Dan McAuliffe
Deputy Director

FROM:

Mike Serlet, P.E.,
Chief, Water Supply Planning and Finance Section

DATE:

November 12, 2003

SUBJECT:

Agenda Item 6a-h - November 19-21, 2003 Board Meeting
Water Supply Planning and Finance - Loan De-authorization Review

Introduction

In September 1999, the Board adopted Board Policy #1, Construction Fund and Severance Tax
Trust FWld Perpetual Base ACCOWlt 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. 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.

Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection
Water Supply Protection. Conservation and Drought Planning