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• require the C~VCB, as part of its evaluation consumptive use available under the leased <br />of a proposed agreement for a lease or loan or loaned water right and shall not result <br />of water under section 37-92-102(3), to in a reduction of the historical consumptive <br />obtain confirmation from the Division use of that water right during the term of the <br />Engineer that the proposal can be lease or loan, except to the extent such <br />administered and is capable of ineeting all reduction is based upon the actual amount of <br />applicable statutory requirements; water available under the water right, <br />• require that all agreements entered into by • Amends section 37-92-103(2)(b) to designate <br />the CVVCB for leases or loans of water under participation in a contract or agreement with the <br />that section shall require the CWCB to: CWCB that allows the CWCB to use all or part <br /> <br />• maintain records of how much water the of a water right for instream flow use under <br /> <br /> <br />CWCB uses under the agreement each section 37-92-102 3 as a circumstance under <br />~) <br /> Which no intent to abandon the loaned water right <br />year it is in effect; and shall be found. <br />• install any measuring device(s) deemed . Amends section 37-92-305(3) (b) to provide that <br />necessary by the Division Engineer to decrees for changes of water rights that <br />administer the agreement and to measure im lement a reements for leases, loans or <br />p g <br />and record how much water flows out of donations of water to the CVUCB for instream <br />said reach after use by the CVVCB under flow use under section 37-92-102(3)(b) shall <br />the agreement, unless a measuring device provide that either the lessor I lender l donor of <br />already exists on the stream that meets the water or the CWCB may bring about the <br />the Division Engineer's requlrements. beneficial use of the historical consumptive use <br />• require the CWCB to file a water court of the leased / loaned I donated water right <br />application to obtain a decreed right to use downstream of the instream flow reach as fully <br />water for instream flow purposes under a consumable reusable water. <br />contract or agreement for a lease or loan of These statutory changes will: <br />water; and <br /> • Assure water rights owners interested in leasing <br />• require all agreements entered into by the or otherwise providing water to the CVUCB for <br />CWCB for acqulsitions of water to provide instream flow use under section 37-92-102(3) <br />that, pursuant to the water court decree that such an arrangement will not result in a <br />lmplementing the agreement, either the lessor reduction of the historic consumptive use <br />/ lender / donor of the water or the CWCB credited to the subj ect water right in any future <br />may bring about the beneficlal use of the water court proceeding to change that water right. <br />historical consumptive use of the leased / <br />loaned I donated water right downstream of • Assure water rights owners interested in leasing <br />the instream flow reach as fully consumable or otherwise providing water to the CWCB for <br />reusable water. instream flow use under section 37-92-102(3) <br /> that the owner's nonuse of a water right during <br />• Amends section 37-92-102(4)(c) to require the the period of the CVUCB's instream flow use <br />water court, in decreeing a change of water right shall not give rise to a presumption of <br />implementing an agreement for a lease or loan of abandonment of that water right. <br />water to the CWCB for ISF use, to <br /> • Address concerns raised by water users regarding <br />• quantify the historical consumptive use of the the potential for inflated historical consumptive <br />leased or loaned water right and determine use claims in the context of leases or loans of <br />the method by which the historical water to the CWCB for instream flow use. <br />consumptive use should be quantified and <br />credited during the term of the agreement for <br />the lease or loan of the water right. The <br />method shall recognize the actual amount of <br />For more information, contact <br />Linda Bassi at the CWCB at (303) 866-3263. <br />1313 Sher~nan Street, Room 721, Denver, C0, 80203 <br />Phone: (303) 866-3441 FAX: (303) 866-4474 Internet: www.cwcb.state.co.us <br />