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<br />.~-_. <br /> <br />from the Mineral Leasing Fund will be paid into the Colorado Water <br />Conservation Board Construction Fund, This will amount to about 1,4 <br />million dollars per year, payable into the fund at the rate of about <br />$700,000 each six months starting July 1, 1977. This means that we can <br />start immediate construction on at least the first four projects set <br />forth in the bill, The others will follow in order as funds become <br />available. In some cases, it would take one to two years at least to <br />get the required federal funding. <br /> <br />It probably will not be possible to follow the priority list <br />exactly because lack of availability of other funding required for the <br />projects, As an illustration, if it will take six months to a year to <br />get federal funding for some particular project, we will not hold up a <br />project with a lesser priority if in fact funds are available to <br />commence that project. It is obvious, however, that it will take , <br />several years before sufficient funding becomes available to construct <br />all of the authorized projects. The only way to accelerate construction <br />will be to request additional funding next fiscal year. This we should <br />do. A copy of S.B, 35 is enclosed herewith. <br /> <br />In any event, Senate Bill 35 represents a major break through <br />in obtaining continuous funding for the construction fund. In addi- <br />tion to that continuous funding, we will be getting money back from <br />projects already constructed which can be immediately utilized for other <br />projects. At the present time, we have about $400,000 on hand which <br />can be utilized for the authorized projects, in addition to the funding <br />which will be forthcoming from the Mineral Leasing Fund. <br /> <br />4. Board Appropriations for FY 1978. Although we had out- <br />standing success with the General Assembly with the various bills that <br />we proposed, we were not so successful with the Joint Budget Committee. <br />In general, all state agencies received funding below their expectations. <br />This board was no exception, All funds requested by this board for <br />consulting services were eliminated, We will actually be short about <br />$5,000 in meeting our regular payroll for certified employees, although <br />that shortage can probably be made up by vacancy savings, Operating <br />funds were also reduced below requirements and travel funds were <br />reduced slightly. Operating funds in particular will be critical and <br />will require tight control. <br /> <br />FLS:mm <br />Enclosures <br /> <br />2482 <br /> <br />Memorandum <br /> <br />-3- <br /> <br />June 16, 1977 <br />