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<br />. <br /> <br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br /> <br />. <br /> <br />. <br /> <br />section 39-29-109 (1) (a) (1), Colorado Revised Statutes, the Colorado <br />water conservation board is hereby authorized to loan moneys from the <br />severance tax trust fund perpetual bas'e account to enable the construction <br />of the following water resources projects with the following priority: <br />Priority Borrower - Project Loan Amount <br />(a) Town of Monument - $ 2,081,000 <br />Monument Dam Rehabilitation <br />(b) Colorado Water Protective and $ 205,000 <br />Development Association - Purchase <br />of Bessemer Ditch Water Shares <br /> <br />(c) <br /> <br />Kenosha Trout Club <br />Purchase of Augmentation Water <br /> <br />$ 551,250 <br /> <br />Total $2,837,250 <br />(2) The Colorado water conservation board may make loans for <br />the construction of the projects specified in subsection (1) of this section <br />from such moneys as are or may hereafter become available to the <br />severance tax trust fund perpetual base account. Said loans shall be in the <br />amounts listed in subsection (1) of this section plus or minus such <br />amounts, if any, as may be justified by reason of ordinary fluctuations in <br />construction costs as indicated by the engineering cost indices applicable <br />to the types of construction required for each project or as may be <br />justified by reason of changes in the plans for a project due to differing or <br />unforeseen site conditions, errors or omissions in the plans and <br />specifications, changes instituted by regulatory agencies, or changes in <br />material quantities beyond contract limits. <br />(3) Pursuant to section 37-60-120 (1), Colorado Revised Statutes, <br /> <br />-4- <br /> <br />SBOl-157 <br />