Since its creation by the General Assembly in 1981, the Authority has evolved into a major financing resource for water and wastewater utilities throughout Colorado. In the 1980’s, the Authority was involved with many water project and basin-wide studies, the satellite stream monitoring system, the financing of the Stagecoach Reservoir Project and negotiations involving the Animas-La Plata Project. Starting in 1989, the Authority began focusing on financing activities with the first bond issue for the Water Pollution Control Revolving Fund. In 1990 the Authority completed its first “pooled” financing for the Small Water Resources Projects Program. In 1997, the Authority completed its first financing for the Drinking Water Revolving Fund.