LEG00050

• Bill Number: SB03-236
• Year: 2003
• Title: Water Board Revenue Bonds
• Legislation - Doc Type: Other CWCB Related Bills - Passed

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(1) PAYMENTS OF PRINCIPAL, INTEREST, AND OTHER COSTS ON
SUCH BONDS SHALL BE MADE SOLELY FROM REVENUES AND RECEIPTS
DERIVED FROM THE SALE OF WATER, POWER, OR OTHER ASSETS BY THE
BOARD FROM A WATER INFRASTRUCTURE PROJECT WHOSE CONSTRUCTION,
DEVELOPMENT, OR IMPROVEMENT WAS FINANCED IN WHOLE OR IN PART BY
THE BONDS, BOND PROCEEDS, AND INTEREST OR INCOME EARNED ON THE
DEPOSIT AND INVESTMENT OF SUCH REVENUES AND RECEIPTS AND BOND
PROCEEDS; AND
(II) THE OWNERS OR HOLDERS OF BONDS MAY NOT LOOK TO ANY
OTHER REVENUES OF THE STATE FOR THE PAYMENT OF THE BONDS;
(b) THE PROCEEDS OF BONDS, REVENUES, AND RECEIPTS DERIVED
FROM THE SALE OF WATER, POWER, OR OTHER ASSETS BY THE BOARD FROM
A WATER INFRASTRUCTURE PROJECT WHOSE CONSTRUCTION,
DEVELOPMENT, OR IMPROVEMENT W AS FINANCED IN WHOLE OR IN PART BY
THE BONDS, AND INTEREST AND INCOME EARNED ON THE DEPOSIT AND
INVESTMENT OF SUCH PROCEEDS AND REVENUES AND RECEIPTS, ARE NOT
INCLUDED IN STATE FISCAL YEAR SPENDING FOR PURPOSES OF SECTION 20
OF ARTICLE X OF THE STATE CONSTITUTION AND ARTICLE 77 OF TITLE 24,
C.R.S.

37-60-202. Definitions. As USED IN THIS PART 2, UNLESS THE
CONTEXT OTHERWISE REQUIRES:
(1) "Al'PROVED WATER INFRASTRUCTURE PROJECT" OR "APPROVED
PROJECT" MEANS A WATER INFRASTRUCTURE PROJECT THAT HAS BEEN
RECOMMENDED BY THE BOARD AND APPROVED BY THE GOVERNOR
PURSUANT TO SECTION 37-60-203.
(2) "REVENUE BONDS" OR "BONDS" MEANS WATER
INFRASTRUCTURE REVENUE BONDS AUTHORIZED BY AND ISSUED IN

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SB03-236