BOARD0116

• Board Meeting Date: 1/24/2001
• Description: ISF Section - Instream Flow Appropriations
• Board Meetings - Doc Type: Memo

"',:-;::>t,
. ,

..r.

.

.

of the continental divide receive fifty percent of the money granted and those projects sponsored
by beneficiaries west of the continental divide receive fifty percent of the money granted under
this section.
Source: L. 87: Entire section added, p. 1297,95, effective July 13. L. 97: (l)(a) and
(2)(a) amended and (2)(e) added, p. 1600,9 1, effective June 4. L. 98: (2)(f) added, p. 1004,95,
effective May 27. L. 99: (2)(a) amended, p. 628, 9 36, effective August 4.
Editor's note: Subsection (2)(a) was contained in a 1999 act that was passed without a
safety clause. For further explanation concerning the effective date, see pag~ vii of this volume. -
37-60-122.4. Horse Creek basin account - creation. (1) There is hereby created in the
state treasury as part of the Colorado water conservation board construction fund the Horse
Creek basin account. The state treasurer is hereby authorized and directed to transfer nine
hundred fifteen thousand dollars from the Colorado water conservation board construction fund
to the Horse Creek basin account.
(2) The Colorado water conservation board is authorized to make loans from the Horse
Creek basin account to finance the costs of acquiring water rights for augmentation, the
engineering and legal costs of adjudication of an augmentation plan, and the costs associated
with obtaining an operating agreement to facilitate said augmentation plan for water users in the
Horse Creek basin area. The Colorado water conservation board is authorized to contract,
pursuant to section 37-60-119 (2), for the loans specified in this subsection (2). The loans shall
be subject to an interest rate and repayment period to be determined solely by the Colorado water
conservation board. The Colorado water conservation board shall, pursuant to section 37-60-120
(1), require such terms and conditions in any contract entered into pursuant to this subsection (2)
that will ensure repayment of the loan.
(3) The Colorado water conservation board is hereby authorized to loan the Horse Creek
water users association the amount of eight hundred twenty-five thousand dollars ($825,000)
from the Horse Creek basin account created in subsection (1) of this section, pursuant to the
terms and conditions of subsection (2) of this section.
Source: L. 97: Entire section added, p. 829,9 14, effective May 21.
37-60-122.5. Emergency dam repair cash account. There is hereby created in the state
treasury as part of the Colorado water conservation board construction fund the emergency darn
repair cash account. The state treasurer is hereby authorized and directed to transfer moneys
from the Colorado water conservation board construction fund to the emergency dam repair cash
account in such amounts and at such times as determined by the Colorado water conservation
board. Such transfers shall not exceed fifty thousand dollars. The moneys in the emergency dam
repair cash account are hereby continuously appropriated to the Colorado water conservation
board for the emergency repair of dams pursuant to section 37-87-108.5. All moneys collected
by the state engineer pursuant to section 37-87-108.5 shall be transmitted to the state treasurer
who shall credit such moneys to the Colorado water conservation board construction fund. All
interest derived from the investment of moneys in the emergency dam repair cash account shall
be credited to the Colorado water conservation board construction fund. Any balance remaining
in the emergency dam repair cash account at the end of any fiscal year shall remain in the
account.
Source: L. 92: Entire section added, p. 2307, 9 10, effective June 3.
37-60-122.6. Emergency infrastructure account. (1) There is hereby created in the
state treasury as part of the Colorado water conservation board construction fund the emergency
infrastructure repair cash account referred to in this section as the "emergency account". The