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<br />th is s tate OR THE FEDERAL GOVERNMENT', wi th i ndi v i duals, wi th
<br />corporations, or with organizations composed of citizens of this
<br />st~te~ An~ suc0 c00tracts may provide for such charges to the
<br />uSlng ent1ty as) In the opinion of t~e board, are necessary and
<br />r~asonable t~ recover~the board's capital. investment) together
<br />wlth operatlonal, malntenance.~ and service c.harges over the term.
<br />of years agreed upon by contract4 Any. such charges so co11ec.ted
<br />shall be credite-d to and made a part of the Colorado wat~r
<br />conservation board construction fund. ALL OR ANY PORTION OF THE
<br />COSTS ATTRIBUTABLE TO FLOOD CONTROL AND RECREATIO~ MAY BE
<br />CONSIDERED NONREIMBURSABLE IN THE DISCRETION OF THE BOARD} BUT
<br />ONLY TO THE EXTENT APPROVED BY THE GENERAL ASSEMBLY AS SPECIFIED
<br />IN SECTION 37-60~122.
<br />
<br />SECTION 2. 37-60-122.. (1) (a) t. (1) (b)] and (1) (c))
<br />Colorado. Revised Statutes 1973, as amended) are amended to read:
<br />
<br />37-60-122a General assembly approval. (1) (a) The board
<br />shall submit annually to the general assembly a report contain.ing.'
<br />proposed, FACI LITIES AND. contract~ as ~pet:;f;~d- DESCRIBED i n
<br />section .31-6e~i86~ti~-Ei3 17-60-119, ,together with an an~lysis of
<br />said FACILITI~S AND contracts proposed by, the, board. Sa-id. report
<br />shall also include a list of said~ proposed FACILITIES AND
<br />contracts i n ~ order of. pr-i ori ty suggested by the board; the
<br />proposed contract terms between. th.~ s ta,te and the federal
<br />governmen.t.] any,. po.l it i ca 1 s.ubd,; vi s.; on. Q,f the 5 tate) any~' person,
<br />or any corporat i.on; and a comment Oy the board, as to how. the.
<br />proposed: pro~,e~.~ wi 11 c~rry, out ther s.t.ate wa,'t;er~ po 1 icy.
<br />
<br />(b) Th~ -gener-a:l assembly may_' ~ef~et.- AU.THORIZE such proj ec.ts,
<br />as it deems_ tq,- be to. the adva.ntag~- Q.,~ the. people Q-f the_ st~te of
<br />Colorado. and: s,ha.ll-- di'rect the. board- to: proceed: w.ith construct ion
<br />of .said projects. .in, the prfo,rit.ies~ established- by the genera,l
<br />ass emb 1 y. u nde r ~.tj c rt te rms. a!'" ~ha.l,-'" ~ ~~.,q.~.t_e:rm f n ed. AP P RO.V ED. by. th e~'
<br />genera.1 as,semb.1y. .
<br />
<br />(c), In order to determine. the economic and engineering
<br />feasibi 1 ity of any. project. propa~s~d. to:_ be constructed froffl, funds
<br />provided i~ whol& or in part fro~ th~'ColoradQ water conservation-
<br />board construction fund, the board. shall cause a feasibility
<br />report to be prepared on such propcosed project- if,._ in the_-
<br />discretion of the board).-it appears t.o qualify for co"ns,ideration
<br />under section 37-60-119_, .For. a1l such~ feasibility invest.igations
<br />the board is author; zed to camm; t. or expend.' on a. cant i nu.i ng bas is
<br />a sum not to exceed five-per~ent-of-the-tote.,1 ONE, HUNDRED. FIFTY
<br />THOUSAND DOLLARS IN ANY FISCAL YEAR' FROM THE' construct.i on~ fund
<br />authorized by section 37-60-121 prior to the execution and
<br />appr.oval of any contract c.ontemp]a~ed'bY'lparagraph Ca.) ~f.t~is,
<br />subsection. (1); except that the., tost of any feaSlblllty
<br />investigation shall be cons,ide,red~ 'a. part of Tthe total project,
<br />cost if such project is subsequen,tly constrUcted~
<br />
<br />SECTION. 3. Part 1 of article 26 of title 39) Co-lorado
<br />
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<br />PAGE 2~S~NATE BILL NO. 537
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