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<br />.7V-J...J..J <br /> <br />-0- ~o- - ~~ ~ <br /> <br />Canal Co. - Canal and <br /> <br />Dam Rehabilitation <br /> <br />HB95-1I55 $ 500,000 $ 1,202,000 <br /> <br />Morgan County Quality <br /> <br />Water District - <br /> <br />NCWCD Pipeline <br /> <br />proj ect changed to <br /> <br />refinance the purchase of <br /> <br />the Hay Gulch Wells <br /> <br />HB95-1155 $ 4,260,000 $ 3,000,000 <br /> <br />SECTION 10. Analysis of economic life of the Denver basin aquifer. (1) The Colorado water <br />conservation board is hereby authorized to expend up to forty thousand dollars ($40,000) from the Colorado <br />water conservation board construction fund to contract for services, in cooperation with the state engineer, <br />groundwater users, or federal government agencies, or all of such entities, to perform an analysis of the <br />economic life of the Denver basin aquifer. Such analysis shall consider the relationship of the Denver basin <br />aquifer to the South Platte river basin. <br /> <br />(2) Up to ten thousand dollars ($10,000) of the amount authorized to be expended in subsection (I) of this <br />section may be expended initially for a survey of the adequacy of existing groundwater flow models, the <br />availability of well pumping data, the identification of the key questions to be resolved by the analysis, and the <br />development of a work plan to conduct the economic analysis. The balance of the amount authorized to be <br />expended in subsection (I) of this section may be expended only upon the specific approval of the Colorado <br />water conservation board. <br /> <br />SECTION 11. 37-60-120 (I) and (3), Colorado Revised Statutes, 1990 Repl. Vol., are amended to read: <br /> <br />37-60-120. Control of projects - contractual powers of board. (I) The state of Colorado shall have the <br />ownership and control of such portions of said projects, or shall take a sufficient security interest in property or <br />take such bonds, notes, or other securities evidencing an obligation, as will assure repayment of funds made <br />available by section 37-60-119. ANY SECURITY INTEREST IN PROPERTY TAKEN UNDER THIS <br />SUBSECTION (I) MAYBE PERFECTED AND ENFORCED IN THE SAME MANNER AS SECURITY <br />INTERESTS UNDER ARTICLE 9 OF TITLE 4, C.R.S., NOTWITHSTANDING ANY PROVISION OF <br />SECTION 4-9-104, C.R.S. The board is empowered to enter into contracts which are, in its opinion, necessary <br />for the maintenance and continued operation of such proj ects. <br /> <br />(3) The board may ADJUST THE AUTHORIZED INTEREST RATE, extend the authorized repayment <br />period for any project, and defer one or more annual payments if, in the board's opinion, the entity requesting <br />such ADJUSTMENT, extension, and deferment demonstrates that it has encountered significant and unexpected <br />financial difficulties and that it has been duly diligent in its efforts to comply with the repayment provisions of <br />its contract with the board. <br /> <br />http://www.state.co.us/gov_dir/leg_dir/olls/sI1996/sl.l95.htm <br /> <br />06/05/2002 <br />