BOARD01599

• Board Meeting Date: 1/26/2000
• Description: CF Section - New Loans - Town of Ridgeway - Raw Water Pipeline
• Board Meetings - Doc Type: Memo

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STATE OF COLORADO

Colorado Water Conservation Board

Department of Natural Resources
1313 Sherman Strel!t, Room 721
Denver, Colorado 80203
Phone, (303) 866-3-141
FAX, [phone]

TO:

FROM:

DATE:

SUBJECT:

Q

Bill Owens
Governor

MEMORANDUM

Greg E. Wa1chcr
Executive Director

Peter H. Evans
eWeB Director

Colorado Water Conservation Board Members

Dan McAuliffe
Mike Serlet, P.E., 1t1:J Water Supply Planning and Finance Sectiogepu'Y Director

January 18,2000

Agenda Item lOa, January 26-27, 2000 Board Meeting
Water Supply Planning and Finance - New Loans
Town of Ridgway - Raw Water Pipeline

Introduction

At its November 1999 meeting, the Board approved a $77,000 loan to the Town
of Ridgway for the construction of a raw water pipeline to provide irrigation for the
Town's parks. To provide the Board flexibility in allocating the Construction Fund and
the Severance Tax Trust Fund Perpetual Base AccoUnt (STTFPBA) financial resources, it
is necessary to designate the appropriate funding source for each project loan. The Board
did not identify a funding source for this project.

Background

The Construction Fund and STTFPBA are two separate funding sources for water
project loans to be recommended by the CWCB for appropriation by the General
Assembly. Each funding source is controlled by statutory provisions that are similar in
nature but have two very specific differences.

The first difference is that the statute creating the STTFPBA, Section 39-29-109,
C.R.S., is very specific in that only loans shall be provided by the account, whereas,
project grants and other non-reimbursable expenses from the Construction Fund have
historically been approved by the Legislature.

Jan2000.10amemo