BOARD01703

• Board Meeting Date: 5/5/1981
• Description: CWCB Meeting
• Board Meetings - Doc Type: Meeting

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FUND WILL BE DEVOTED TO PROJECTS WHICH WILL INCREASE THE
BENEFICIAL CONSUMPTIVE USE OF COLORADO'S COMPACT ENTITLED WATERS;
(II) THE BALANCE OF THE MONEYS AVAILABLE TO THE FUND WILL
BE DEVOTED TO PROJECTS FOR THE REPAIR AND REHABILITATION OF
EXISTING WAT~R STORAGE AND DELIVERY SYSTEMS;
(III) THE BOARD'S PARTICIPATION IN THE CONSTRUCTION COST OF
A PROJECT SHALL GENERALLY BE LIMITED TO FIFTY PERCENT OF A
PROJECT'S TOTAL COST, THE BOARD'S COSTS OR ITS PARTICIPATION IN
ANY FEASIBILITY STUDIES SHALL BE REPAID TO THE BOARD IF
. CONSTRUCTION ON A PROJECT COMMENCES WITHIN TWENTY YEARS OF THE
. COMPLETION OF A FEASIBILITY STUDY;
(IV) THE BOARD WILL PARTICIPATE IN ONLY THOSE PROJECTS
WHICH CAN REPAY THE BOARD'S INVESTMENT; GRANTS WILL NOT BE MADE.

SERVICE CHARGES AND OTHER TERMS OF REPAYMENT SHALL BE ESTABLISHED

BY THE BOARD;
(V) ALL OTHER MEANS OF FINANCING SHALL BE THOROUGHLY
EXPLORED BEFORE USE IS MADE OF FUND MONEYS;
(VI) AFTER JULY I, 1981, DOMESTIC WATER TREATMENT AND
DISTRIBUTION SYSTEMS WILL NOT BE RECOMMENDED BY THE BOARD TO THE
GENERAL ASSEMBLY;
(VII) AFTER JULY l, 1981:, FLOOD CONTROL PROJECTS WILL NOT
BE RECOMMENDED BY THE BOARD TO THE GENERAL ASSEMBLY; AND
'(VIII) FOR ALL FEASIBILITY STUDIES THE BOARD
ENSURE THAT THE SCOPE OF THE STUDY IS CONFIHED AS NEARLY AS
POSSIBLE TO A SINGLE INDEPENDENT PROJECT AHD THE SCOPE OF THE'
PROJECT CONFO~~S AS NEARLY AS POSSIBLE TO THE PROJECT AS
~ 'DIRECTED BY THE GENERAL ASSEM~LY.
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