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Statutory Authority of the Board and Board Staff <br />The Board's statutory authorities and responsibilities are defined in 37 -60 and 37 -92 <br />C.R.S. The specific authorities are further discussed below. <br />Water Supply Protection <br />Sections 37 -60 -106 and 37 -60 -115 C.R.S. (1990) set forth the statutory requirements for <br />the CWCB to protect the authority, interests and rights of the State and its citizens in <br />matters pertaining to interstate waters of the State of Colorado. Under these statutes, the <br />CWCB is required to cooperate with federal agencies and other states to better utilize the <br />waters of the State of Colorado, develop legislation to secure greater beneficial utilization <br />of these waters and recommend mitigation to maintain a balance between water <br />development and protection of the State's fish and wildlife resources. The Board also has <br />the authority to investigate and provide responses regarding activities of the federal <br />government and other state agencies that may affect the use and development of <br />Colorado's surface and groundwater water resources. The CWCB is responsible for <br />administration of major International Treaties, Interstate Compacts and U.S. Supreme <br />Court decisions impacting Colorado's Water Resources. <br />ar' ; <br />Section 37 -92 -102 C.R.S. requires applicants for Recreational In- channel Diversion water <br />rights to provide a copy of their application to the Board. The Board must review the <br />application and submit findings and recommendations to the water court within 90 days <br />of filing a Statement of Opposition. The Board must determine whether the water right <br />would promote the maximum beneficial use of water; impair the development of compact <br />entitlements; the stream reach is appropriate and accessible; injure a CWCB instream <br />flow; and evaluate other appropriate factors set forth in the Board's rules. <br />Flood Protection <br />The Flood Protection Program is directed in § 37- 60- 106(1) C.R.S. (1990) to prevent <br />fib/ flood damages, review and approve floodplain designations prior to adoption by local <br />government entities, and provide local jurisdictions with technical assistance and <br />floodplain information. In addition, an August 1, 1977 Executive Order requires the <br />CWCB and Land Use Commission to provide assistance to entities in meeting the <br />requirements of the National Flood Insurance Program. <br />I Water Supply Planning and Finance <br />The CWCB Construction Fund was created by the Colorado General Assembly in 1971 <br />to provide low interest loans to water users in the development of water resource projects. <br />The fund and its use are governed by § 37 -60 -121 through 125 C.R.S. The CWCB <br />Construction Fund is a partially self - supporting revolving loan fund. Sources of revenue <br />are from the return of principal and interest on outstanding loans, interest earned on the <br />cash balance of the fund through investments by the state Treasurer, mineral lease fund <br />distributions, and occasional cash transfers from the General Assembly. The types of <br />projects that are eligible for funding are specified by state statute. <br />1)10-- <br />Page 2 of 3 <br />4/2/2002 <br />