Proposed Changes to CWRPDA Loan Programs
WATER RESOURCES REVIEW COMMITTEE
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01:37 PM -- Proposed Changes to CWRPDA Loan Programs
Mike Brod, Colorado Water Resources and Power Development Authority (CWRPDA), introduced himself to the committee. Mr. Brod discussed a proposed statute modification which would update the legal framework for the state's Water Pollution Control Revolving Fund (WPCRF) and Drinking Water Revolving Fund (DWRF) loan programs to align them with the federal Clean Water and Safe Drinking Water Acts. Mr. Brod distributed a fact sheet explaining the statute change (Attachment A). Current law limits Colorado's WPCRF loan term to 20 years plus construction. Amendments to the federal act allow for longer terms, therefore CWRPDA proposes to update the state statute to allow for a 30-year term, plus construction. Mr. Brod responded to questions from the committee.
Senator Sonnenberg announced that the committee will be conducting a listening session regarding the Colorado Water Plan as a part of the meeting.