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<br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br /> <br />amended to read: <br /> <br />37-60-122. General assemblv:aooroval. (1) Monevs in the <br /> <br />Colorado water conservation board construction fund shall be exoended <br /> <br />in the following manner and under the following circumstances: <br /> <br />(b) The general assemblv may authorize such proiects as it deems <br /> <br /> <br />to be to the advantage of the people 0: the state of Colorado and shall <br /> <br />direct the board to proceed with said proiects in the priorities established <br /> <br />bv the general assemblv under terms approved bv the general assembly. <br /> <br />The board is authorized to make loans without general assemblv approval <br /> <br />in amounts not to exceed one FIVE mil.1ion dollars. The unappropriated <br /> <br /> <br />balance of moneys in the Colorado water conservation board construction <br /> <br />fund and the state severance tax trust fund pernetual base account shall <br /> <br />be available and continuouslv aporooriated for this ournose. The board <br /> <br />shall submit a written determination of the hasis for such proiect loans to <br /> <br />the general assemblv bv J anuarv 15 df the year following the year in <br /> <br />which the loan was made. <br /> <br />SECTION 21. Safety clause; The general assembly hereby <br /> <br /> <br />finds, determines, and declares that this act is necessary for the immediate <br /> <br />preservation of the public peace, health, and safety. <br /> <br />-16- . <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />110 <br />