The Colorado Water Conservation Board has freed up $40 million in funds for low-interest loans to help irrigators and other water users start repairing systems damaged by the flooding that hit the state in September.
The board had designated $15 million earlier this month, but this week added $25 million to that figure.
“These repairs are a critical part of recovery from the September floods and the CWCB will continue providing loans and taking other proactive steps to get irrigators, farmers and water suppliers back on their feet,” said board director James Eklund in a statement. “We thank the board for its far-sighted and quick action in directing these loans to these important projects.”
The board also approved the first round of loans for flood repair, totaling $12 million.
Among those getting loans were several ditch companies in Boulder County, with Left Hand Ditch Company receiving $3.3 million, Rough and Ready Irrigating Ditch Company in Longmont receiving $1.8 million and Oligarchy Irrigation Company receiving $1.3 million.
The Colorado Water Conservation Board operates under the Colorado Department of Natural Resources.