BOARD00109 ‎(2)‎

• Board Meeting Date: 1/23/2007
• Description: CF Section - Review of Water Related Legislation - 2007 Construction Fund Water Projects Projects Bill Update
• Board Meetings - Doc Type: Memo

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FUND SHALL BE CREDITED TO THE COLORADO WATER CONSERVATION .-
BOARD CONSTRUCTION FUND. THE BOARD SHALL REVIEW THE PURPOSES

OF THE GAUGE FUND ANNUALLY AND IS HEREBY AUTHORIZED TO CEASE

PROVIDING MONEYS IN THE FOLLOWING YEAR IF, IN ITS DISCRETION, THE

BOARD DETERMINES THAT THE PURPOSES FOR WHICH THE GAUGE FUND

WAS ESTABLISHED HAVE CEASED. THE BOARD MAY SET TERMS AND

CONDITIONS AS IT DEEMS APPROPRIATE CONCERNING THE ANNUAL

EXPENDITURES OF MONEYS FROM THE GAUGE FUND.

37-60-124.6. Satellite monitoring fund - created. 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.

.

16 APPROPRIATED TO THE BOARD FOR ALLOCATION TO THE DIVISION OF

THE MONEYS IN THE SATELLITE FUND ARE HEREBY CONTINUOUSLY

17 WATER RESOURCES FOR THE MAINTENANCE OF THE SATELLITE

18 MONITORlNG SYSTEM ESTABLISHED AND OPERATED PURSUANT TO SECTION

19 37-80-102 (10). IN ADDITION TO ANY REMAINING BALANCE IN THE

20 SATELLITE FUND AT THE END OF ANY FISCAL YEAR, THE BOARD IS HEREBY

21 AUTHORIZED, FROM THE WATER CONSERVATION BOARD CONSTRUCTION

22 FUND, TO ANNUALLY PROVIDE UP TO THREE HUNDRED FIFTY THOUSAND

23 DOLLARS IN ORDER TO RESTORE THE UNENCUMBERED BALANCE IN THE

24 SATELLITE FUND TO THREE HUNDRED FIFTY THOUSAND DOLLARS. ALL

25 INTEREST DERIVED FROM THE INVESTMENT OF MONEYS IN THE SATELLITE

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26 FUND SHALL BE CREDITED TO THE COLORADO WATER CONSERVATION

BOARD CONSTRUCTION FUND. THE BOARD SHALL REVIEW THE PURPOSES

.

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DRAFT