New legislation to provide state financing help for two Northern Colorado water projects has been signed into law by Gov. Jared Polis. The Colorado Water Conservation Board Projects Bill, House Bill 1435, was signed into law by the governor at a ceremony on May 29 in Silverthorne.  

Included in the $220 million bill are a pair of state-backed loans that will provide a portion of the funding required to build the Northern Integrated Supply Project and to complete the Windy Gap Firming Project and its primary component, Chimney Hollow Reservoir. 

The funding for Chimney Hollow Reservoir will help to ensure the project is complete in summer 2025 and ready to store water. The financing for the Northern Integrated Supply Project will help participants initiate the first stages of project construction. Both loans allow project participants to access more-favorable financing as compared to other financing sources.