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SB18-019

Expanded Duration For Colorado Water Resources And Power Development Authority Revolving Loans

Concerning an expansion of the duration for which the Colorado water resources and power development authority may make a loan under the authority's revolving loan programs.
Session:
2018 Regular Session
Subject:
Water

Water Resources Review Committee. Pursuant to the federal clean water act and the federal 'Safe Water Drinking Act', the Colorado water resources and power development authority (authority) makes loans under its water pollution control revolving fund and its drinking water revolving fund. Under state law, the duration of any water pollution control loan made by the authority must not exceed 20 years after project completion; however, the federal clean water act now allows for loans up to the lesser of 30 years or the projected useful life of the project, as determined by the state. The bill removes the 20-year limitation on water pollution control loans and authorizes the authority to make loans in compliance with the clean water act and the 'Safe Water Drinking Act'.
(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. D. Coram, Sen. K. Donovan
Rep. J. Arndt, Rep. C. Hansen

Sponsor

Sen. R. Baumgardner, Sen. J. Sonnenberg
Rep. D. Esgar

Co-sponsor

Upcoming Schedule