Colorado Water Resources and Power Development Authority
	Phone: 303-830-1550	Fax: 303-832-8205	info@cwrpda.com	1580 Logan St. 620	Denver, CO 80203

The Safe Drinking Water Act (SDWA) Amendments of 1996 established the Drinking Water State Revolving Fund Program to finance the cost of infrastructure needed to achieve or maintain compliance with public health objectives of the Act. Senate Bill 19 of 1995 created the Drinking Water Revolving Fund (“DWRF”) within the Colorado Water Resources and Power Development Authority (the “Authority”) and designated the Authority as the administrator. The Water Quality Control Division (the “WQCD”) and the Division of Local Government (the “DLG”) are partners with the Authority in operating this program. Under the DWRF, low-interest loans are made to local governments for eligible drinking water projects.

ELIGIBLE PROJECTS:

- Public water system projects that address present and/or future SDWA compliance and aging infrastructure, including: treatment plants, pipelines, wells, water meters, pump stations and treated storage.

INELIGIBLE PROJECTS:

- Dams/reservoirs, water rights and projects primarily for growth or fire protection.

PROCESS:

- The Colorado Water Quality Control Commission (the "WQCC") adopts an annual intended use plan (“IUP”) which includes a project eligibility list for the DWRF. If a borrower’s project is not on the current eligibility list, it must be identified in the IUP, which is adopted by the WQCC in November of each year. (Click here to view current IUP with eligibility list.)

- After the WQCC receives comments and approves the project eligibility list, it is then included in a Joint Resolution submitted to the General Assembly by January 15 of each year. The Joint Resolution must be approved by the General Assembly and signed by the Governor by April 1 of each year.

- Once the project is on the eligibility list, the borrower may submit an application to WQCD. At that time the WQCD determines technical eligibility. The application is forwarded to the DLG and Authority to determine financial eligibility. NOTE: As of June 4th, 1996, prior to submitting an application to the Authority, governmental agencies, using 2000 acre-feet of water per year, must have an approved water conservation plan, as defined by section 37-60-126, C.R.S.

- DLG conducts a financial review and produces a credit report, which is then reviewed by the Authority and the WQCD.

- If approved by the three agencies, the borrower’s credit report is then forwarded to the Authority’s Project Finance Committee and (upon favorable recommendation) to the Board of Directors for approval.

- Once the Authority’s Board of Directors approves a borrower’s loan application, a loan agreement is negotiated and then executed. Loans greater than $2,000,000 (leveraged loans) are funded from bond proceeds and may require additional time. (Check Funding Schedules for the next bond issue.) Loans under $2,000,000 (direct loans) may be executed within three months from initial application.