BOARD02550 - Laserfiche WebLink

Home Browse Search

>+;;-->,' , J. .),' Su!>j~ct i're-93 ; ;easibility ! ,oans :reditworthine S, Need Collateral . Identify all feasibility study loans made before 1993, determine their status, and initiate repayment processes if appropriate. Develop and implement a systematic method for quantifying and weighing the relative creditworthiness and financial need of potential loan recipients. Ensure collateral for loans adequately protect the State's interests in the event of a borrower's default on its loan obligation. . Identify and initiate collection of any unpaid feasibility study obligations by June 30, 1999. . Determine if the funding agreement provides for the collection of interest during the study period. . Establish the amount of partial repayment for multi-project feasibility studies where not all projects were completed. . Evaluate feasibility of collecting interest during the study period. . Consider forgiving some or all feasibility study loans or the interest during the study period. Evaluate options, recommend action(s) by 1/2K . Develop and evaluate several options. . Review options with the appropriate constituencies, including the Colorado Municipal League, the Special Districts Association, the Colorado Water Congress and Colorado Counties, Inc. . Present options for consideration by the Board and interested constituencies. . Present Board recommendations to the General Assembly by January I, 2000. Present assessment and recommendations to CWCB by 6/99 . Identify all real loan defaults in the Construction Fund loans to date. . Identify defaults that the General Assembly added during the legislative process. . Develop a table that shows, depending upon the tinancial characteristics of each type of borrower, the range and type of collateral that would be "sufficient" for each category. . Present the proposed policy for consideration by the Board by June 30, 1999. .' 6 ".