BOARD01949

• Board Meeting Date: 2/13/2001
• Description: Pending and Proposed Legislation - SB 01-157, 2001 CWCB Projects Bill
• Board Meetings - Doc Type: Memo

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(c)

Rehabilitation
Tunnel Water Company
LaramieIPoudre Tunnel Rehabilitation

$2,080,000

Total $11,040,000
(2) The Colorado water conservation board may make loans for
the construction of the projects specified in subsection (1) of this section
from such moneys as are or may hereafter become available to the
Colorado water conservation board construction fund. Said loans shall be
in the amounts 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 each 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) Pursuant to section 37-60-120 (1), Colorado Revised Statutes,
the board shall require such terms and conditions in such contracts as will
ensure repayment of funds made available by it. The board shall not
disburse any moneys for any loan authorized by subsection (1) of this
section unless and until it is satisfied, at its sole discretion, that the
recipient of any such 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. Water project loan authorizations from the
severance tax trust fund perpetual base account. (1) Pursuant to

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SBOI-157