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<br />I <br /> <br />I <br /> <br />MR. STAPLETON: <br /> <br />MR. BERTHELSON: <br /> <br />MR. STAPLETON: <br /> <br />MR. BERTHELSON: <br /> <br />MR. STI.PLETON: <br /> <br />MR. SPARI<S: <br /> <br />"I had a feeling that everything was <br />going along quite well last year." <br /> <br />"I was just going to make an inquiry. <br />Has it been submitted to Senator Gill?" <br /> <br />"Senator Gill was here and I wanted to <br />introduce him." <br /> <br />"We had some problems with him several <br />years ago." <br /> <br />"All those in favor of adopting the <br />budget will signify by saying 'aye'; opposed - <br />the budget is adopted." <br /> <br />"There is one other thing, Mr. Chairman, <br />in connection with our budget. We are con- <br />stantly running into small problems - I say <br />small but they are large to the people con- <br />cerned. They concern the completion of small <br />projects which are beyond the capability of <br />the local people to finance. That is, they <br />finance a good part of them but inflation is <br />taking its toll. Such is the case with the <br />Norton Drain in the San Luis Valley. We <br />have a similar problem in the Pine River <br />area south of Durango where the project <br />started, we'll say, with a cost of half a <br />million dollars and has now grown to $550,000 <br />or something like that. The local people <br />have borrowed up their limit. <br /> <br />It may be well for the State of Colo- <br />rado to consider an annual sum of about <br />$100.000 to be expended under the jurisdic- <br />tion of this Board to give some direct <br />financial assistance to many of these small <br />projects. I am opposed to the state getting <br />into the loan business or in the long-term <br />financing business. I think the sources for <br />that are more than adequate at the present <br />time. But there does come a time when the <br />local people have bonded themselves to the <br />limit and are hurt by inflation. I think it <br />