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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br />~epartrnent of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br /> <br />a <br /> <br />MEMORANDUM <br /> <br />Bill Owens <br />Governor <br />Greg E. Walcher <br />Executive Director <br />Dan McAuliffe <br />CWCB Director <br />(Acting) <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Mike Seriet, P.E.' ul( <br />Chief, Water sup~1danning and Finance Section <br /> <br />FROM: <br /> <br />DATE: <br /> <br />November 13, 2000 <br /> <br />SUBJECT: <br /> <br />Agenda Item #9a-c - November 20-21, 2000, Board Meeting <br />Water Supply Planning and Finance <br />Policy Review <br /> <br />. <br /> <br />Over the past several months the Board has reviewed, adopted, revised, and deleted <br />financial policies that have directed the administration of the Construction Fund and the Severance <br />Tax Trust Fund Perpetual Base Account. This item is a continuation of that activity. <br /> <br />Item a. is the final review of the grant authorization and prioritization policy #14. Action <br />requested by staff is final policy approval by the Board including the establishment of a finance <br />committee. The committee will review all 2001 grant applications in December with funding <br />recommendations made to the Board at the January Board meeting. <br /> <br />Item b. is the review of an existing Board policy developed in January 1996 regarding loans <br />authorized solely for the purchase of water rights. The policy is #8 and replaces the old-policy #8 <br />regarding the Construction Fund rate of return that the Board eliminated at the September meeting. <br /> <br />Item c. is the review of a motion made by the Board in September regarding an amendment <br />to the interest rate determination policy #7. Staff has evaluated the proposed amendment and has <br />recommended an alternative course of action. <br /> <br />. <br />