BOARD02593

• Board Meeting Date: 11/14/1991
• Description: Agenda or Table of Contents, Minutes, Memos
• Board Meetings - Doc Type: Meeting

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COLORADO WATER CONSERVATION BOARD
Department of Natural Resources
721 State Centennial Building
1313 Sherman Street
Denver, Colorado 80203
Phone: [phone]

STATE OF COLORI\DO
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MEMORANDUM

Roy Romer
Governor
David W. Walker
Director

TO:

Interested Parties

FROM:

David W. Walker

DATE:

October 30, 1991

SUBJECT:

Request for Public Comments on:
Future Directions for the Construction Fund

After ten years under the present criteria for water projects under the
construction fund loan program, the Board is pleased by the evident results of the
state financial and technical assistance provided. Nevertheless, the Board is also
aware that needs and opportunities are changing so that a comparative review of both
the existing eligibility requirements and anticipated future needs is timely.

The Board is pleased that the Fund is now essentially a revolving fund with
significant income to provide a basis for commitments to additional projects. The
Board believes there are opportunities beyond the current program and has
determined that the State should consider investing in complementary water
management and planning activities.

After discussions over the course of recent meetings, the Board has reached an
informal consensus on several activities and now seeks public comment on the
following:

Potential Revisions to Construction Fund Purposes

1. Continue priority for new construction of storage and delivery systems to meet
needs for consumptive use. Remove current 2/3 1/3 division to provide
greater flexibility in meeting needs.

. 2. Increase effort in repair and rehabilitation of existing facilities to achieve a
significant reduction in loss of storage capacity due to dam safety restrictions.

a)

improve financial feasibility by allowing adjustable interest rate from
o to 5%, and increasing contribution to 80-100% of project cost