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ISF Rule 6 -Water Acquisitions May 20, 2008 Rules Revision Workshop <br />6. ACQUISITION OF WATER, WATER RIGHTS OR INTEREST IN WATER <br />FOR INSTREAM FLOW PURPOSES. The Board may acquire water, water <br />rights, or interests in water for ISF purposes by the following procedures: <br />6a. Means of Acquisition. The Board may acquire, by grant, purchase, <br />donation, bequest, devise, lease, exchange, or other contractual agreement, <br />from or with any person, including any governmental entity, such water, <br />water rights, or interests in water in such amount as the Board determines <br />is appropriate for stream flows or for natural surface water levels or <br />volumes for natural lakes to preserve or improve the natural environment <br />to a reasonable degree. <br />6b. 120 Dam. At the request of any person, including any governmental <br />entity, the Board shall determine in a timely manner, not to exceed one <br />hundred twenty days, unless further time is granted by the requesting <br />person, what terms and conditions the Board will accept in a contract or <br />agreement for the acquisition. The 120-day period begins on the day the <br />Board first considers the proposed contract or agreement at a regularly <br />scheduled or special Board meeting. <br />6c. Stacking Evaluation. The Board shall evaluate whether to combine or <br />.. <br />stack the acquired water right with any other ISF appropriation or <br />acquisition in order to provide flows or lake levels to preserve or improve <br />the natural environment to a reasonable degree. <br />If the Board elects to combine or stack the acquired water right, the details <br />of how the water rights are to be combined or stacked with other existing <br />ISF appropriations or acquisitions must be set forth in the change <br />application for the acquired right. <br />6d. Enforcement of Acquisition A reement. Pursuant to section 37-92- <br />102(3), C.R.S., any contract or agreement executed between the Board and <br />any person which provides water, water rights, or interests in water to the <br />Board shall be enforceable by either party thereto as a water matter in the <br />water court having jurisdiction over the water right according to the terms <br />of the contract or agreement. <br />6e. Appropriateness of an Acquisition. The Board shall evaluate the <br />appropriateness of any acquisition of water, water rights, or interests in <br />water to preserve or improve the natural environment. Such evaluation <br />may include, but need not be limited to consideration of the following <br />factors <br />• the reach of stream or lake level for which the use of the <br />acquired water is proposed, which maybe based upon any one <br />or a combination of the following: the historical point of return <br />flow; the length of the existing instream flow reach, where <br />applicable; the environment to be preserved or improved by the <br />Attachment 3 <br />