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ISF Rule 6 Water Acquisitions November 1 0 , 2008 Draft <br />(Changes to September 2008 Draft shown in bold) <br />2) In considering the extent to which the leased or loaned water will <br />improve the natural environment to a reasonable degree or will be used <br />as a basis for an increase to an existing ISF water right , the Board will <br />request and review a biological analysis from the Colorado Division of <br />Wildlife, and will review any other biological or scientific evidence <br />presented to the Board. <br /> <br />3) ÜÏØÌÈÔÇÜÑØÏÉÜÐÎÈÏÉ other sources are ÔÊ <br />If of water available for <br />acquisition on the subject stream reach(es) by purchase or donation, <br />the Board shall fully consider each proposed acquisition and give <br />first and then to <br />preference to the donation a reasonabl e acquisition <br /> <br />by purchase. <br />4) The Board shall obtain confirmation from the Division Engineer that <br />the proposed lease or loan is administrable and is capable of meeting <br />all applicable statutory requirements. <br />5) The Board shall calculate the amount of compensation paid to the <br /> <br />lessor of the water based, in part, upon the use of the water during and <br />after the term of the lease . <br />6) The Board shall consider the historical record(s) of diversion , the <br />beneficial use of the subject water right, the location of where return <br />f lows have historically returned to the stream, the locations of other <br />water users on the subject reach of stream, and the reason(s) the water <br />is available for lease or loan. <br /> <br />6g. All contracts or agreements for leases or loans of water, water rights or <br />inter ests in water under section 37 - 92 - 102(3) shall r equire the Board to <br />(1) maintain records of how much water the Board uses under the <br />contract or agreement each year it is in effect ; and <br />(2) install any measuring device(s) deemed necessary by the Division <br />Engineer to administer the lease or loan of water and to measure <br />and record how much water flows out of the reach after use by the <br />Board u nder the lease or loan . <br /> <br />6h. All contracts or agreements for the acquisition of water, water rights or <br /> <br />interests in water under sec tion 37 - 92 - 102(3) shall p rovide that, pursuant <br />to the water court decree implementing the contract or agreement , the <br /> <br />Board or the seller, lessor , lender or donor of the water may bring about <br />beneficial use of the historical consumptive use of the acquired water right <br />downstream of the ISF reach as fully consumable reusable water. <br />(1) The bringing about of beneficial use of the historical consumptive <br />use of the water may be achieved by direct use, sale, lease, loan or <br />other contractual arrangement by any of th e above - referenced <br />entities. <br />(2) The contract or agreement also shall provide that the Division <br />Engineer must be notified of any agreement for such beneficial use <br />downstream of the ISF reach prior to the use. <br />3 <br />