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" . . . Colorado Water Conservation Board Department of Natural Resources 721 Centennial Building 131 3 Sherman Street Denver, Colorado 80203 Phone, 0031 866.3441 FAX: 13031866.4474 STATE OF COLORADO o Roy Romer Governor James S. Lochhead Executive Director, DNR Oaries C. liJe, P.E. Director, CWeB Peter H. Evans Acting Director, CWeB MEMORANDUM TO: Colorado Water Conservation Board Members William P. Stanton, P.E. ~. Chief, Project Planning and Construction Section FROM: DATE: November 16, 1998 SUBJECT: Agenda Item 13, November 23-24,1998 Board Meeting- Water Project Construction Loan Program - Project De-authorizations Introduction Staff evaluated 14 previously authorized projects for consideration by the Board for de- authorization. As of the date of this memo, we have received either verbal or written confirmation from 9 loan applicants, and 5 applicants indicated they have plans to use the loan funds. The total amount proposed for de-authorization is currently $5.6 million. An update will be provided at the November meeting. Background Authorized projects which show no activity may be de-authorized to allow new projects to proceed, especially those that may have ::l better chance of coming to fruition. If an appropriation has not been encumbered within two years after approval, the Board staff will work with the project sponsor to determine if they intend to move the project forward or if it should be de-authorized by the General Assembly. It has been an informal policy of the Board not to de- authorize a project without written confirmation from the applicant. After a construction project has been completed, any remaining unspent but still encumbered funds are made available for new projects through a contract amendment process. Any remaining authorized funds for a completed project are made available for new projects through a formal request to the DNR Accounting Section.