22AF

• Board Meeting Date: 11/18/2007
• Description: CF Section – Proposed Statute Revisions/Legislation within the 2008 Projects Bill
• Board Meetings - Doc Type: Memo

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3 SECTION 26. 37-60-122 Colorado Revised Statutes, is amended to read:
4 (1) Moneys in the Colorado water conservation board construction fund shall be expended in
5 the following manner and under the following circumstances:
6 (a) Repealed.
7 (b) The general assembly may authorize such projects as it deems to be to the advantage of the
8 people of the state of Colorado and shall direct the board to proceed with said projects in the
9 priorities established by the general assembly under terms approved by the general assembly. The
10 board is authorized to make loans without general assembly approval in amounts not to exceed
11 ~ FIFTY million dollars. The unappropriated balance of moneys in the Colorado water
12 conservation board construction fund and the state severance tax trust fund perpetual base account
13 shall be available and continuously appropriated for this purpose. The board shall submit a written
14 determination of the basis for such project loans to the general assembly by January 15 of the year
15 following the year in which the loan was made.
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18 SECTION 27. Section 15 of chapter 224, Session Laws of Colorado 2005, is amended to
19 read:
20 ~ Section 15. Oak creek ~~ CHANNELIZATION feasibility study -
21 appropriation
22 (1) In addition to any other appropriation, there is hereby appropriated, out of any moneys
23 in the Colorado water conservation board construction fund not otherwise appropriated, to the
24 Colorado water conservation board, for the fiscal year beginning July 1, 2005, .the sum of one
25 hundred sixty seven thousand dollars ($167,000), or so much thereof as may be necessary, for the
26 ~ board to participate with the city of Florence, Colorado in the Oak creek ~e~
27 CHANNELIZATION feasibility study to be prepared by the United States army corps of engineers.
28 Other participating entities include the town of Coal Creek, the town of Rockvale, and the town of
29 Williamsburg.
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31 (2) The moneys appropriated in subsection (1) of this section shall remain available for the
32 designated purposes until the project is completed.
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35 *SECTION 28. 37-XX-XXX Colorado Revised Statutes, is amended to read:
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37 Chatfield Reservoir Reallocation: the statute will authorize the CWCB to contract with the US
38 Army Corps to hold storage space in the reservoir; to contract with local entities who will utilize
39 the reservoir storage space; to loan money and receive money from entities to undertake mitigation,
40 operational and maintenance activities and hold such money in a $200 million fund until such time
41 as it is transferred to the US Army Corps of Engineers pursuant to a contract or agreement; and, to
42 undertake such action as is necessary, including the award of contracts and grants to public and
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