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<br />"i <br />, <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />An analysis was also conducted to estimate the volume of non-reimbursables in 2000, which <br />would result in a 4.0 percent rate of return given the recommended loans for the year. That <br />analysis indicates that total non-reimbursables would have to be reduced to $59,000 in order to <br />attain a 4.0 percent rate of return. <br /> <br />Severance Tax Trust Fund Loans <br /> <br />Table 3 summarizes loans recommended by the Board for authorization by the legislature from <br />the Perpetual Base Account of the Severance Tax Trust Fund in 2000. The estimated rate of <br />return for these loans is 4.91 %. <br /> <br />Table 3. Severance Tax Trust Fund Loans for 2000 <br /> <br />BorrowerlProject Loan Years Rate <br /> Amount <br />Jackson Lake Reservoir and Irrigation Co. $336,600 30 4.00% <br />Diversion Structure Rehabilitation <br />Owl Creek Supply and Irrigation Co $450,000 30 4.00% <br />Owl Creek Ditch Rehabilitation <br />Town of Ridgway $77,000 20 4.75% <br />Raw Water Pipeline <br />Riverside Reservoir and Land Co. $405,000 30 4.00 <br />Diversion Structure Rehabilitation <br />Ute Water Conservancy District $10,000,000 30 5.00% <br />Plateau Creek Pipeline Replacement Project <br />Weld County Tri-Area Sanitation District $1,500,000 30 5.00% <br />Storm Drainage Project <br />Total $12,768,600 <br />Rate of Return all STTF Loans 4.91% <br /> <br />3 <br />