BOARD02376

• Board Meeting Date: 5/11/1998
• Description: 1998 Legislative Issues - HB 98-1189 - 1998 Construction Fund and Severance Tax Bill - Status Report
• Board Meetings - Doc Type: Memo

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amounts listed in subsection (1) of this section plus or minus such
amounts, if any, as may be justified by reason of ordinll1Y 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 unforseen 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 (I) 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 3. Increases to prior authorized project loans.
(1) Pursuant to section 37-60-122 (1) (b), Colorado Revised Statutes, the
Colorado water conservation board is hereby authorized to loan moneys
to enable or continue the construction of the following previously
authorized water resources projects:
Prior Prior Total

Borrower-Project
City of Greeley -
Twin Lakes Dam
Rehabilitation

Authority Amount
SB 87-15 $412,500

Increase

Amount

$375,000 $ 787,500

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