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COLORADO WATER CONSERVATION BOARD <br />Department of Natural Resources <br />Bill Ritter, Jr, Governor <br />Harris D. Sherman, DNR Executive Director <br />Jennifer L. Gimbel, CWCB Director <br />SENATE BILL 09-125 <br />THE 2009 WATER PROJECTS BILL <br />Background <br />The General Assembly annually authorizes new water proj ect <br />loans from the Construction Fund and the Perpetual Base Account <br />of the State Severance Tax Trust Fund. <br />The Construction Fund was created in 1971 to provide low- <br />interest loans for water projects. The fund has financed more than <br />3521ocally sponsored water projects. The CWCB may contribute <br />up to 90 percent of the engineering and construction cost of a <br />project. The CWCB may also provide non-reimbursable <br />investments for up to 50 percent of the cost of a feasibility study <br />and other water supply investigations. <br />In FY 2009, loan rates vary from: <br />• 2.5 percent for agricultural loans; <br />• 4.0 percent for municipal loans in middle-income areas; to, <br />• 5.5 percent for commercial loans. <br />These rates are adjusted each fiscal year by the CWCB. <br />The Construction Fund is a partially self-supporting revolving loan <br />fund. Revenues come from the return of principal and interest on <br />outstanding loans, interest earned on the fund's cash balance in the <br />state treasury, and federal mineral royalty distributions. The total <br />equity of the fund exceeds $312 million. The total fund equity <br />includes the outstanding loan portfolio, authorized projects <br />currently under contract, authorized projects not yet under contract, <br />and cash available for new loans. <br />The Severance Tax Trust Fund Perpetual Base Account was <br />established by the General Assembly in 1997, Principal funding <br />comes from the taxes paid by the producers of gas, oil, coal and <br />other minerals. <br />The total equity of the Perpetual Base Account has risen to more <br />than $290 million. The total fund equity includes severance tax <br />revenue, the outstanding loan portfolio, authorized projects <br />currently under contract and authorized projects not yet under <br />contract. <br />~~~ <br />coNS\ <br />~~~ <br />~ • ~~c',,°~ ;^,' `'•-!~' 1 <br />• • _. - _,- _.~ -.9,0 • <br />~ `~Q',' = -.-_~= _:.. . <br />v,~ ~-~~; :`, c p .. <br />~ 7~ ,~s~, ~~.: - <br />~ <br />• '~ ~ . <br />, YL U. ~ / <br />2009 Water Projects Bill <br />Highlights <br />• Provides over $8. 0 million <br />for satellite monitoring, water <br />supply and planning studies, <br />flood control and other <br />projects. <br />For more information, contact <br />Mike Serlet at CWCB at <br />(303) 866-3441 x3234. <br />CWCB <br />1313 Sherman Street, Room 721, <br />Denver, CO, 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br />Internet: www.cwcb.state.co.us <br />~1937 <br />