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

MAY SET TERMS AND CONDITIONS AS IT DEEMS APPROPRlA TE CONCERNING .
THE ANNUAL EXPENDITURES OF MONEYS FROM THE GAUGE FUND.

37 60 124.6. Satellite monitoring fund

created. TIIERE IS

HEREBY CREATED IN TIlE STATE TREASURY TIlE SATELLITE MONITORING

FUND, REFER.T{ED TO IN TIllS SECTION AS TIlE "SATEr.-LITE FUND". TIlE

/
STATE TREASURER IS IIEREBY AUTIIORIZED Mm "DIRECTED TO TRANSFER

TIIREE I1UNDRED FIFTY TIIOUSAND DOLLARS FROM TIlE COLORADO

'Nl.TER CONSERVATION BOARD CONSTRUCTION FUND TO TIlE SATELLITE

FUND. TIlE MONEYS IN TIlE SATELLITE FUND ARE I1EREBY CONTINUOUSLY

^,-OPROPRIATED TO TIlE BOARD FOR ALLOCATION TO TIlE DIVISION OF

WATER RESOURCES FOR TIlE MAINTENANCE OF TIlE SATELLITE

MONITORING SYSTEM ESTABLISIIED AND OPERA TED PURSUANT TO

SECTION 37 80 102 (10). IN ADDITION TO A~ry REMAINING BALANCE IN"

TIlE SATELLITE FUND AT TIlE END OF ANY FISCAL YEAR, TIlE BOARD IS

.'

I1EREBY AUTIIORIZED, FROM TIlE \VA TER CONSERVA TION BOARD

CONSTRUCTION FUND, TO ANNUALLY PROVIDE UP TO TIIREE I1UNDRED

FIFTY TIIOUSAND DOLLARS IN ORDER TO RESTORE TIlE UNENCUMBERED

BALANCE IN TIlE SATELLITE FUND TO TIIREE I1UNDRED FIFTY TIIOUSAND

DOLLARS. ol^...LL INTEREST DERIVED FROM TIlE INYESTMENT OF MONEYS IN

TIlE SATELLITE fUND SIIALL BE CREDITED TO TIlE COLOR;\DO WATER

CONSERVATION BOARD CONSTRUCTION FUND. TIlE BOARD SIIALL REVIEW

TIlE PUR..oOSES OF TIlE SATELLITE FUND ANNUALLY AND IS I1EREBY

AUTIIORIZED TO CEASE PROVIDING MONEYS IN TIlE FOLLOWING YEAR IF,

IN ITS DISCRETION, TIlE BOARD DETERMINES TIIAT TIlE PUR20SES FOR

WIIICII TIlE SATELLITE FlTND WAS EST ABLISIIED Ill\. VE CEASED. THE

BOARD MAY SET TERMS AND CONDITIONS AS IT DEEMS APPItOPRIA TE

t,

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