BOARD01416

• Board Meeting Date: 3/29/1999
• Description: Legislation - Construction Fund Legislation and HB 98-1006 Amendment
• Board Meetings - Doc Type: Memo

DATE: 03/19/99 TIME: 11:46 AM TO: 3038662115

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FROM: 303-866-5841

(a) Ute Water ConselVancy District - $ 7,000,000
Plateau Creek Pipeline Replacement
Proi ect
Total $ 7,000,000
(2) The Colorado water conselVation board may make loans for the
construction ofthe projects specified in subsection (1) of this section from
such moneys as are or may hereafter become available to the severance tax
trust fund perpewal base account. Said loans shall be in the amounts listed
in subsection (1) of this section plus or minus such amounts, if any, as may
be justified by reason of ordinary fluctuations in construction costs as
indicated by the engineering cost indices applicable to the types of
construction required for each project or as may be justified by reason of
changes in the plans for a project due to differing or unforeseen site
conditions, errors or omissions in the plans and specifications, changes
instituted by regulatory agencies, or changes in material quantities beyond
contract limits.
(3) Pursuant to section 37-60-120 (1), Colorado Revised Statutes,
the board shall require such terms and conditions in such contracts as will
ensure repayment of funds made available by it. The board shall not disburse
any moneys for any loan authorized by subsection (I) of this section unless
and until it is satisfied, at its sole discretion, that the recipient of any such
loan will be able to make repayment pursuant to the terms and conditions
established by the board and by subsection (1) of this section.
SECTION 3. Increases to prior authorized water project loans.
Pursuant to section 37-60-122 (1) (b), Colorado Revised Statutes, the
Colorado water conselVation board is hereby authorized to loan moneys to

Preamended 1 73

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