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APPENDIX G <br /> STATE OF COLORADO <br /> COLORADO WATER CONSERVATION BOARD <br /> • Department of Natural Resources <br /> 721 State Centennial Building ■` i <br /> 1313 Sherman Street -^��T <br /> Denver,Colorado 80203 <br /> Phone: (303) 866-3441 <br /> Richard D.Lamm <br /> M E M O R A N D U M Governor <br /> J.William McDonald <br /> Director <br /> David W.Walker <br /> TO: Members, CWCB Deputy Director <br /> FROM: Bill McDonald, Director j\tLw <br /> DATE: April 24, 1985 <br /> SUBJECT: Agenda Items 13a & b, May 3, 1985 , Board Meeting-- <br /> State Legislation <br /> Status of Selected Water Bills <br /> House Bills <br /> 1042 - Annual CWCB construction fund bill . Amended bill passed <br /> by the House, now awaiting second reading in Senate. At <br /> my request, House version was amended in Senate committee; <br /> see line 10, page 5,. -in the attached bill. <br /> • 1070 - A major bill dealing with state capital investment. Creates <br /> a new joint "capital development committee, " parallel to <br /> the joint budget committee, which would set capital develop- <br /> ment and maintenance priorities . As currently adopted by <br /> Senate, the bill would: <br /> (a) put 75% of general fund remaining after enactment of <br /> state budget and retention of a reserve into a <br /> "capital construction fund. " The fund would be used <br /> to construct, remodel, and maintain state buildings <br /> and to purchase land; <br /> (b) eliminate current specific potential application of <br /> such funds to water projects; <br /> (c) make remaining 25% of excess revenues available for <br /> appropriation by general assembly; <br /> (d) establish a fee of $50 per acre-foot for any water <br /> transported or diverted from the state. Such fees <br /> would be placed in a "water diversion fund" to be <br /> used for water projects; and <br /> • APPENDIX G <br />