BOARD02633

• Board Meeting Date: 11/19/2003
• Description: CF Section - Special Purpose Funds - Emergency Infrastructure Loan Fund - Repeal Fund
• Board Meetings - Doc Type: Memo

STATE OF COLORADO

Colorado Water Conservation Board

Department of N aturaI Resources
1313 Shennan Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX, [phone]
www.cwcb.state.co.us

Bill Owens
Governor

MEMORANDUM

Greg E. Walcher
Executive Director

Rod Kuharich
CWCB Director

TO:

Colorado Water Conservation Board Members

Dan McAuliffe
Deputy Director

FROM:

Mike Serlet, P.E.
Chief, Water Supply Planning and Finance Section

DATE:

November 12, 2003

SUBJECT:

Agenda Item Bc - November 19-21, 2003, Board Meeting
Water Supply Planning and Finance
Special Purpose Funds
Emergency Infrastructure Fund - Repeal Fund

Introduction

Fifteen projects with loan contracts totaling $5,216,000 have been financed through the
Board's Emergency Infrastructure Fund. In 2003 through SB03-110, the Legislature authorized the
Board to make loans of up to $5.0 million without Legislative authorization. This action has in
affect removed the reasons for the existence of the Emergency Infrastructure Fund.

Backl!round

In 1993 through HB 93-1273, the Legislature authorized the Board to set aside $2.0 million
of Construction Fund money in a special fund reserved for emergency repair of water resources
infrastructure systems (37-60-122.6 C.R.S.). The money in the fund is continuously appropriated to
the Board for immediate availability primarily for emergency repair of water storage systems or
water distribution systems. The fund is intended to provide flexibility for the Board to make
financial resources available in a timely manner when the legislative approval process would be a
significant financial hardship to a borrower.
Discussion

Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection
Water Supply Protection. Conservation and Drought Planning