BOARD00043 ‎(3)‎

• Board Meeting Date: 9/19/2006
• Description: CF Section - Finance Subcommittee Meeting
• Board Meetings - Doc Type: Meeting

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Article 60 of title 37. Colorado Revised Statutes, IS amended BY THE
ADDITION OF THE FOLLOWING NEW SECTIO~S to read:

37.60-12".1. Stream ~a~e fund - created. There is hereby created in the state
treasury the stream gage fund. refcrred to in this section as the "gage fund". The state
treasurer is hereby authorized and directed to transfer 1'0\'0 hundred fifty three hundred
thousand dollars from pre\'iously appropriated Colorado waler conservation hoard
construction fund moneys to the 232(' fund. The moneys in the gage fund are hereby
continuously appropriated to the Board for satellite monitoring and data collection
eITons related to in.stream flow monitoring. compact protection. decision support
systems, and flood forecasting and warning projects. In addition to any remaining
balance in the gage fund at the end of any fiscal year. the Colorado water conservation
board is hereby authorized. from the water conservation board construction fund. to
annually provide up to two ',"ndred fifty three hundred thousand dollars (5300.000), in
order to restore the balance in the gage fund to two hundred filly three hundred
thousand dollars ($300.000). All interest derived from the investment of moneys in the
gage fund shall be credited to the Colorado water conservation board construction fund.
The board shall review the purposes of this fund annually and is hereby authorized to
cease providing moneys in the following year, if in its discretion, the board detennines
the purposes for which this fund is established have ceased. The board may set tenns
and conditions as it deems appropriate concerning the annual expenditures of moneys.

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37-60-12....2. Satellite monitorin~ fund - crealed. There is hereby created in
the state treasury the satellite monitoring fund . referred to in this section as the
"satellite fund". The state treasurer is hereby authorized and directed to transfer three
hundred fifty thousand dollars from the Colorado water conservation board construction
fund to the satellite fund. The moneys in the satellite fund are hereby continuously
appropriated to the Board for allocation to the division of water resources for the
maintenance of the satellite monitoring system established and operated pursuant to
section 37-80-102(10), Colorado Revised Statutes. In addition to any remaining balance
in the satellite fund at the end of any fiscal year, the Colorado water conservation board
is hereby authorized, from the water conservation board construction fund. to annually
provide up to three hundred fifty thousand dollars ($350,000), in order to restore the
balance in the satellite fund to three hundred fifty thousand dollars (5350.000). All
interest derived from the investment of moneys in the satellite fund shall be credited to
the Colorado water conservation board construction fund. The board shall review the
purposes of this fund annually and is hereby authorized to cease providing moneys in the
following year. ifin its discretion, the board determines the purposes for which this fund
is established have ceased. The board may set terms and conditions as it deems
appropriate concerning the annual expenditures of moneys.

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