BOARD01449

• Board Meeting Date: 11/19/2001
• Description: CF Section - Special Purpose Accounts Emergency Infrastructure Loan Fund - Replacement of Funds
• Board Meetings - Doc Type: Memo

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The General Assembly, through SB 97-008, HB 00-1419, and SB 01-157,
added financial resources from the Construction Fund, each time restoring the balance in
the Emergency Infrastructure Repair Fund to $2 million.

Discussion

The Emergency Infrastructure Repair Loan Fund has proven to be an effective
tool for the State in response to water supply related emergencies over the past several
years. The need to have loan funds available to water users in a timely manner following
such emergencies in Colorado will continue in the future.

Approximate funds need to be transferred from the Construction Fund's
unreserved cash into the account to bring the balance back up to $2 million:

Initial Account Appropriated in 1993 $2,000,000
Additional Appropriation in 1997 $ 960,000
Additional Appropriation in 2000 $1,475,000
Additional Appropriation in 2001 $1,293,000
Total Account Revenue $5,728,000
Total Account Authorizations $5.161.000
Account Balance $ 567,000
Amount Recommended to be Appropriated in 2002 $1,433.000 <<<<<
Account Balance After 2002 Appropriation $2,000,000

Recommendation

Staff recommends that the Board consider a motion to recommend to the General
Assembly that the balance in the Emergency Infrastructure Repair Fund be restored to $2
million by transferring the required amount into the Fund from the CWCB Construction
Fund's unreserved cash.