122_enr

• Bill Number: SB07-122
• Year: 2007
• Title: Concerning the funding of Colorado water conservation board projects, and making appropriations in connection therewith.
• Legislation - Doc Type: Construction Fund Bill

under this article. Said fees are intended to provide at least a portion of the
moneys necessary to administer this article. Said fees shall be deposited
into the Colorado water conservation board construction fund created in
section 37-60-121, C.R.S. SAID FEES ARE HEREBY CONTINUOUSLY
APPROPRIATED TO THE DEPARTMENT OF NATURAL RESOURCES, FOR
ALLOCATION TO THE COLORADO VVATER CONSERVATION BOARD FOR
PURPOSES ESTABLISHED BY THIS SECTION.
SECTION 22. 37-60-122 (1) (b), Colorado Revised Statutes, is
amended to read:
37-60-122. General assembly approval. (1) Moneys in the
Colorado water conservation board construction fund shall be expended in
the following manner and under the following circumstances:
(b) The general assembly may authorize such projects as it deems
to be to the advantage of the people of the state of Colorado and shall direct
the board to proceed with said projects in the priorities established by the
general assembly under terms approved by the general assembly. The board
is authorized to make loans without general assembly approval in amounts
not to exceed ~ TEN million dollars. The unappropriated balance of
moneys in the Colorado water conservation board construction fund and the
state severance tax trust fund perpetual base account shall be available and
continuously appropriated for this purpose. The board shall submit a
written determination of the basis for such project loans to the general
assembly by January 15 of the year following the year in which the loan was
made.
SECTION 23. 37-60-123.5 (1), Colorado Revised Statutes, is
amended to read:
37-60-123.5. Agricultural emergency drought response. (1) If,
pursuant to federal or state law, any portion of Colorado has received
emergency drought designation or a disaster emergency has been
proclaimed due to drought, notwithstanding the provisions of section
39-29-109 (1) (a), C.R. S., in addition to any other moneys appropriated
from the perpetual base account of the severance tax trust fund, created by
section 39-29-109, C.R. S., up to one million dollars in the perpetual base
account of the severance tax trust fund are continuously appropriated
A~VALLY to the director of the Colorado water conservation board and the
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