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<br />. <br /> <br />. <br /> <br />. <br /> <br />1 the board shall require such terms and conditions in such contracts as will <br />2 ensure repayment of funds made available by it. The board shall not <br />3 disburse any moneys for any loan authorized by subsection (1) of this <br />4 section unless and until it is satisfied, at its sole discretion, that the <br />5 recipient of any such loan will be able to make repayment pursuant to the <br />6 terms and conditions established by the board and by subsection (1) of <br />7 this section. <br />8 SECTION 3. Increases to prior water project loan <br />9 authorizations from the Colorado water conservation board <br />10 construction fund. Pursuant to section 37-60-122 (1) (b), Colorado <br />11 Revised Statutes, the Colorado water conservation board is hereby <br />12 authorized to loan moneys to enable or continue the construction of the <br />13 following previously authorized water resources projects: <br />14 Prior Borrower. Prior Prior Revised <br />15 Project Authority Amount Increase Amount <br />16 Columbine Ranches SB 99-173 $305,250 $ 93,750 $399,000 <br />17 Property Owners <br />18 Association Purchase <br />19 of Augmentation <br />20 Water <br />21 <br />22 Totals $305,250 $ 93,750 $399,000 <br />23 SECTION 4. Decreases to prior water project loan <br />24 authorizations from the Colorado water conservation board <br />25 construction fund. <br />26 Prior Borrower - Prior Prior Amount <br />27 Project Authority Amount Decrease Remaining <br /> <br />-5- <br /> <br />SBOl-157 <br />