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ISF Rule 6 -Water Acquisitions September 8, 2008 Draft <br />(Changes to July 2008 Draft shown in bold) <br />6. ACQUISITION OF WATER, WATER RIGHTS OR INTERESTS 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 that are not on the Division En ing eer's <br />abandonment list in such amounts as the Board determines ~ are <br />appropriate for stream flows or for natural surface water levels or volumes <br />for natural lakes to preserve or improve the natural environment to a <br />reasonable degree. <br />6b. 120-Day Rule. 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 />stack the acquired water right with any other ISF appropriation or <br />acquisitions based upon the degree to which the acquired water will ~ <br />provide flows or lake levels to preserve or improve the natural <br />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 contractor agreement executed between the Board and <br />any person that`=~ provides water, water rights, or interests in water to <br />the Board shall be enforceable by either party thereto as a water matter in <br />the water court having jurisdiction over the water right according to the <br />terms 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 />