BOARD01726

• Board Meeting Date: 3/22/2005
• Description: Current State Legislative Issues
• Board Meetings - Doc Type: Memo

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from such moneys as are or may hereafter become available to the
severance tax trust fund perpetual base account. The loan shall be in the
amount listed in subsection (1) of this section plus or minus such
amounts, if any, as may be justified by reason of ordinary fluctuations in
construction costs as indicated by the engineering cost indices applicable
to the types of construction required for the project or as may be justified
by reason of changes in the plans for a project due to differing or
unforeseen site conditions, errors or omissions in the plans and
specifications, changes instituted by regulatory agencies, or changes in
material quantities beyond contract limits.
(3) Pursuantto section 37-60-120 (1), Colorado Revised Statutes,
the board shall require such terms and conditions in the contracts as will
ensure repayment of funds made available by it. The board shall not
disburse any moneys for the loan authorized by subsection (I) of this
section unless and until it is satisfied, at its sole discretion, that the
recipient of the loan will be able to make repayment pursuant to the terms
and conditions established by the board and by subsection (1) of this
section.
SECTION 2. Decreases to prior water project loan
authorizations from the Colorado water conservation board
construction fund.

Borrower- Prior
Project Authority
Pine River
Irrigation District -
Raw Water Supply
System SB 97-008

Prior
Amount

Amount
Decrease Remaining

$ 341,000

$ 341,000 $ 0

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