CWCB Construction Fund and Severance Tax Trust Fund Annual Report 1999

• Year: 1999
• Title: Construction Fund and Severance Fund Tax Trust Fund Annual Report
• CWCB Section: Agency-wide
• Publications - Doc Type: CF Annual Report

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retain a consultant to prepare the study and report the results to the Technical Advisory
Committee and the Board.
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5.6 Rio Grande Headwaters Restoration Project
The Board recommended up to $200,000 be appropriated to assist the San Luis Valley
Water Conservancy District in initiating a detailed cooperative planning investigation of
the Rio Grande River from the southern Alamosa County line to the town of South Fork
in Rio Grande County. The purpose of the investigation is to evaluate the feasibility of
various river restoration projects, to improve channel conveyance capacity, reduce
vulnerability to flood damages, improve water diversion, restore riparian habitat, and
facilitate delivery of interstate compact commitments. The scope of work for the
planning investigation will be developed by the Board in consultation with a technical
advisory committee consisting of water users interested in the Rio Grande basin.
5.7 Arkansas River Basin Water and Storage Needs Assessment -
Phase 2
The Board recommended to the General Assembly the authorization of$25,000 to
the Southeastern Water and Storage Needs Assessment Enterprise to assist in the
development of a storage options plan as part of Phase 2 of the Arkansas River Basin
Water and Storage Needs Assessment. The assessment includes analyzing various
alternatives to address future storage demands in the Arkansas River basin. Alternatives
to be considered are interruptible supply agreements or water banking as a means to
provide water to cities during periods of drought, as well as various means to slow the
trend of drying agricultural lands caused by Arkansas Valley water right transfers.
5.8 Cherry Creek Reservoir Flood Safety Investigation
The CWCB recommended an appropriation of up to $75,000 to match non-state
funding of a technical evaluation and public review of probable maximum precipitation
and probable maximum flood values associated with the Cherry Creek Reservoir. The
Study will be conducted in cooperation with the National Weather Service, the U.S.
Army Corps of Engineers, and other state and local government agencies.
5.9 Change in Statutes
The Board recommended the state statutes be amended to create a new account in
the Construction Fund for the purpose making small grants to help pay the costs of
preparing water project feasibility studies. This amendment was approved by the General
Assembly and included in Sec. 37-60-122.7 CRS. The account was created as a
permanent account defined by the remaining balance in the account at the end of the any
fiscal year shall remain in the account and not revert to the Colorado Water Conservation
Board Construction Fund.
CWCB FY99 Annual Report,page 31