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<br />CHAPTER 7 <br /> <br />WATER AND IRRIGATION <br /> <br />SENATE BILL 96-124 [Digest] <br /> <br />BY SENATORS Rizzuto, Lacy, Blickensderfer, Bishop, Norton, R. Powers, Thiebaut, Ament, Dennis, Feeley, <br />Hernandez, and Johnson; <br /> <br />also REPRESENTATIVES Owen, Grampsas, Romero, Acquafresca, Chlouber, Jerke, Martin, Salaz, Schwarz, <br />and Sullivan. <br /> <br />AN ACT <br /> <br />CONCERNING ADMINISTRATIVE ACTIVITIES RELATED TO THE REGULATION OF GROUND <br />WATER DIVERSIONS, AND, IN CONNECTION THEREWITH, AUTHORIZING LOANS FROM <br />THE COLORADO WATER CONSERVATION BOARD CONSTRUCTION FUND FOR WATER <br />AUGMENTATION IN THE ARKANSAS RIVER BASIN, APPROPRIATING MONEYS FOR A <br />STUDY OF ARKANSAS RIVER CHANNEL RESTORATION AND FOR DATA COLLECTION <br />SUPPORTING SUCH ADMINISTRATIVE ACTIVITIES, AND IMPOSING PENALTIES FOR <br />VIOLATIONS OF WATER DIVERSION RESTRICTIONS. <br /> <br />Be it enacted by the General Assembly of the State of Colorado: <br /> <br />SECTION 1. Lower Arkansas water management association loan - appropriation. (1) Pursuant to <br />section 37-60-122 (1) (b), Colorado Revised Statutes, the Colorado water conservation board is hereby <br />authorized to expend up to three million seven hundred fifty thousand dollars ($3,750,000) from the Colorado <br />water conservation board construction fund for the purpose of making loans to the Lower Arkansas water <br />management association to purchase augmentation water, or the rights to such water, to replace out-of-priority <br />depletions to surface water rights and to prevent material depletions of usable state line flows in violation of the <br />Arkansas river compact. <br /> <br />(2) Contracts entered into by the Colorado water conservation board pursuant to section 37-60-119 (2), <br />Colorado Revised Statutes, for loans specified in subsection (1) of this section shall be subject to an interest rate <br />and repayment period to be determined solely by the Colorado water conservation board. Pursuant to section <br />37-60-120 (1), Colorado Revised Statutes, the board shall require such terms and conditions in such contracts as <br /> <br />http://www.state.co.us/gov_dir/leg_dir/olls/sI1996/sI.7.htm <br /> <br />06/05/2002 <br />