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<br />l( <br /> <br />1991 <br />LORAoo <br />EPOSITOW <br />SAVAGC LIBRARY <br />SENATE BILL 91-120. <br /> <br />JUL 1 S 1991 <br />"JESTERN STATE COLLEC" <br />GUNNISON, CO 812;n <br />BY SENATORS Ament, Allison, Hopper, J. Johnson, Leeds, <br />Meiklejohn, Mutzebaugh, Pascoe, Schaffer, Schroeder, Tebedo, <br />Traylor, and Wham; <br />also REPRESENTATIVES D. Williams, Blickensderfer, Eisenach, <br />Jerke, Neale, Owen, Swenson, and Young. <br />CONCERNING THE ESTABLISHMENT OF A RESOURCE MITIGATION BANKING <br />SYSTEM, AND MAKING AN APPROPRIATION THEREFOR. <br />Be it enacted by the General Assembly of the State of Colorado: <br />SECTION 1. Title 37, Colorado Revised Statutes, 1990 <br />Repl. Vol., is amended BY THE ADDITION OF A NEW ARTICLE to <br />read: <br />ARTICLE 85.5 <br />Resource Mitigation Banking Act <br />37-85.5-101. Short title. THIS ARTICLE SHALL BE KNOWN <br />AND MAY BE CITED AS THE "RESOURCE MITIGATION BANKING ACT". <br />37-85.5-102. Legislative declaration. THE GENERAL <br />ASSEMBLY HEREBY FINDS, DETERMINES, AND DECLARES THAT THE <br />PURPOSE OF THIS ARTICLE IS TO ESTABLISH A STRUCTURE BY WHICH <br />COMPENSATORY MITIGATION FOR RESOURCE IMPACTS MAY BE <br />ACCOMPLISHED BASED ON STATEWIDE CONSIDERATIONS THROUGH A <br />PROGRAM WHICH CREATES ADDITIONAL OPTIONS FOR MITIGATION. <br />37-85.5-103. Definitions. AS USED IN THIS ARTICLE, <br />UNLESS THE-CONTEXT OTHERWISE REQUIRES: <br />(1) "BANK" MEANS THE RESOURCE MITIGATION'BANK CREATED IN <br />SECTION 37-85.5-104. <br />(2) "DEPARTMENT" MEANS THE DEPARTMENT OF NATURAL <br />RESOURCES. <br />app ital letters indicate new material added to existing statutes; <br />dashes through words indicate.deletions from existing statutes and <br />such material not part of act.