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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 />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br /> <br />INCURRED BY THE TREASURER IN ASSISTING THE BOARD IN ACCORDANCE <br />WITH THIS PART 2, AND TO PAY ANY OTHER EXPENSE OR CHARGE INCURRED <br />IN CONNECTION WITH THE ONGOING OPERATION OR MAINTENANCE OF <br />APPROVED WATER INFRASTRUCTURE PROJECTS OR OTHER ACTIONS OF THE <br />BOARD AUTHORIZED BY THIS PART 2. <br />(3) PROCEEDS FROM THE ISSUANCE OF BONDS, EARNINGS ON SUCH <br />PROCEEDS, AND REVENUES AND RECElPtr'S DERIVED FROM THE SALE BY THE <br />BOARD OF WATER, POWER, OR: OTHER ASSETS FROM WATER <br />INFRASTRUCTURE PROJECTS FINANCED BY THE BONDS AND EARNINGS ON <br />SUCH REVENUES AND RECEIPTS SHALL NOT BE INCLUDED IN STATE FISCAL <br />YEAR SPENDING, AS DEFINED BY SECTION 24-77-102(17) (a), C.R.S., FOR <br />ANY GIVEN FISCAL YEAR FOR PURPOSES OF SECTION 20 OF ARTICLE X OF <br />THE STATE CONSTITUTION AND ARTlCLB 77 OF TITLE 24, C.R.S. <br />37-60-207. Powers of political subdivisions. (I) A POLITICAL <br />SUBDIVISION OF THE STATE, FOR THE PURPOSE OF AIDING AND <br />COOPERATING IN THE FINANCING, CONSTRUCTION, OPERATION, OR <br />MAINTENANCE OF ANY APPROVED WATER INFRASTRUCTURE PROJECT, HAS <br />THE POWER TO: <br />(a) SELL, LEASE, LOAN, DONATE, GRANT, CONVEY, ASSIGN, OR <br />OTHERWISE TRANSFER TO THE BOARD ANY REAL OR PERSONAL PROPERTY <br />OR INTERESTS THEREIN; <br />(b) ENTER INTO AGREEMENTS' WITH THE BOARD OR ANY OTHER <br />POLITICAL SUBDIVISION OR ENTITY FOR THE JOINT FINANCING, <br />CONSTRUCTION, OPERATION, OR MAINTENANCE OF ANY APPROVED WATER <br />INFRASTRUCTURE PROJECT. UPON' COMPLIANCE WITH APPLICABLE <br />CONSTITUTIONAL OR CHARTER LIMITATIONS, THE POLITICAL SUBDIVISION <br />MAY AGREE TO MAKE PAYMENTS, WITHOUT LIMITATION AS TO THE <br /> <br />-14- <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />SB03-236 <br />