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<br /> <br />~ <br /> <br />~ <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866.3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />Bill Owens <br />Governor <br /> <br />MEMORANDUM <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />TO: <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />FROM: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Mike Serlet, P.E. ~ r <br />Chief, Water Sup~~ing and Finance Section <br /> <br />DATE: <br /> <br />November 15, 2002 <br /> <br />SUBJECT: <br /> <br />Agenda Item #25c - November 25-26, 2002, Board Meeting <br />Water Supply Planuing and Finance <br />Special Purpose Accounts <br />Emergency Infrastructure Loan Fund - Replacement of Funds <br /> <br />Introduction <br /> <br />Fifteen projects with loan contracts totaling $5,216,000 have been financed through the <br />Board's Emergency Infrastructure Repair Fund. The balance in the Emergency Infrastructure Fund <br />is currently within one average project of being exhausted. <br /> <br />Backl!round <br /> <br />In 1993 through HB 93-1273, the Legislature authorized the Board to set aside $2.0 million <br />of Construction Fund money in a special fund reserved for emergency repair of water resources <br />infrastructure systems. The money in the fund is continuously appropriated to the Board for <br />immediate availability primarily for emergency repair of water storage systems or water distribution <br />systems. The fund is intended to provide flexibility for the Board to make financial resources <br />available in a timely manner when the legislative approval process would be a significant financial <br />hardship to a borrower. <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />