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COLORADO WATER CONSERVATION BOARD Department of Natural Resources 721 State Centennial Building 1313 Sherman Street Denver, Colorado 80203 Phone: (303) 866-3441 STATE OF COLOMDO o M E M 0 RAN DUM TO: Members, ewCB Richard O. lamm Governor J. William McDonald Director David W. Walker Deputy Director FROM: Bill McDonald DATE: January 9, 1986 SUBJECT: Agenda Item 20d, January 16-17, 1986, Board Meeting-- Water Project Financing LegiSlation,., r', .. J ,.c, Introduction At the November meeting, the Board reviewed the two bills concerning water project financing which had been reported out by the Interim LegiSlative Committee on Land and Water Resources. As you will recall, one bill was proposed by the Alliance for Colorado's Future, while the other had been proposed by Rolly Fischer and Jim Robb. Since the November Board meeting, it is the Alliance proposal which has served as the vehicle for discussion in the Colorado Water Congress committee which is dealing with the matter of project financing. In turn, there have been numerous revisions to the Alliance proposal relative to what was reported out by the Intermim Committee. I am not aware of discussion in the water community about the Fischer/Robb bill. Alliance Proposal A summary of the Alliance proposal as of the writing of this memorandum is enclosed. Also enclosed is the bill, the most important part of which is the first seven pages. Fischer/Robb Proposal The key features of this proposal are as follows: 1. Sales and Use Tax 0.4% increase effective starting on July 1, 1986. 721 ai/20d