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POLICY NUMBER: 19 <br />SUBJECT: EXPEI~DITtiRES OF Ftil\DS FOR «'ATER <br />ACQL ISITIOI~ S FOR I\ STREAI~`I FLO«' ti SE PL RSti An T <br />TO SECTION' 37-60-123.7, C.R.S. <br />EFFECTIVE DATE: , 2008 <br />POLICY: The Colorado ~~'ater Conser~-ation Board (C~'~"CB) may expend <br />funds pro~-ided under section 37-60-123.7, C.R.S. to pay for the <br />costs of acquiring «~ater, ~;rater rights and interests in «.~ater for <br />instream floe:- ("ISF') use. The primary priority for expenditures of <br />these funds shall be the costs of «~ater right acquisitions for <br />existing or ne«~ ISF «:-ater rights to preser~-e the natural <br />en~~ironment to a reasonable degree. These funds also maybe used <br />in limited circumstances for the costs of «-ater acquisitions for ISFs <br />to protect threatened and endangered species. support ~~-ild and <br />scenic alternati~~e management plans or assure federal regulatory <br />certainty. The CV~'CB shall appro~-e any expenditure of funds <br />pursuant to section 37-60-123.7, C.R.S. <br />• <br />The C~'~~CB ~~~ill consider recommendations from the C~VCB staff <br />for expenditures of funds to pav for the folio«:-ing types of costs <br />related to acquiring «-ater, «~ater rights and interests in ~~-ater for <br />ISF use: <br />1. lease or purchase price of «-ater, «~ater rights or <br />interests in «:=ater for ISF use; <br />2. costs of preliminary e~-aluations of the feasibility of <br />a temporary or permanent transfer of a ~~~ater right <br />for ISF use: <br />3. costs of historical consumpti~~e use analyses of <br />«.-ater rights; <br />4. costs of v~-ater rights appraisals: <br />5. costs of «~ater rights title searches: and <br />6. costs related to negotiating and finalizing the <br />agreement(s) necessary for the transaction. <br />PURPOSE: To establish a prioritization process for expenditures of funds <br />under section 37-60-123.7, C.R.S. to pay the costs of acquiring <br />«-ater, «-ater rights and interests in «-ater for instream flo«- use. <br />APPLICABILITY: This policy and procedure apply to recommendations from the <br />C`VCB staff to the Board for expenditures of funds to pay the costs <br />of acquiring «-ater, «-ater rights and interests in «~ ater for instream <br />flo«.- use under section 37-60-123.7, C.R.S. <br />