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<br />e <br /> <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 />e <br /> <br />e <br /> <br />$10,000,000,000 WITH A REI'A YMENT COST OF $ _ FOR THE PURPOSE <br />OF ADDRESSING THE WATER INFRASTRUCTURE NEEDS OF THE STATE <br />THROUGH THE ISSUANCE OF REVENUE BONDS, WITH NO INCREASE IN ANY <br />TAXES AND WITH ANY BONDS ISSUED TO BE REPAID SOLELY WITH <br />REVENUES AND RECEIPTS DERIVED FROM THE SALE OF WATER, POWER, OR <br />OTHER ASSETS BY THE COLORADO W ATER CONSERVATION BOARD FROM <br />WATER INFRASTRUCTURE PROJECTS FINANCED BY THE BONDS, BOND <br />PROCEEDS, AND INTEREST AND INCOME EARNED ON THE DEPOSIT AND <br />INVESTMENT OF SUCH PROCEEDS AND REVENUES AND RECEIPTS, AND <br />SHALL SUCH REVENUES AND RECEIPTS AND SUCH INTEREST AND INCOME <br />CONSTITUTE A VOTER-APPROVED REVENUE CHANGE?" <br />(b) THE VOTES CAST FOR THE ADOPTION OR REJECTION OF THE <br />QUESTION SUBMITTED PURSUANT TO PARAGRAPH (a) OF THIS SUBSECTION <br />(I) SHALL BE CANVASSED AND THE RESULT DETERMINED IN THE MANNER <br />PROVIDED BY LAW FOR THE CANVASSING OF VOTES FOR REPRESENTATIVES <br />IN CONGRESS. <br />(2) IF THE REGISTERED ELECTORS OF THE STATE VOTING ON THE <br />QUESTION APPROVE THE BALLOT QUESTION SUBMITTED PURSUANT TO <br />SUBSECTION (I) OF THIS SECTION, THE BOARD SHALL IDENTIFY <br />OPPORTUNITIES FOR WATER INFRASTRUCTURE PROJECTS AND STORAGE <br />STATEWIDE AND MAY RECOMMEND TO THE GOVERNOR WATER <br />INFRASTRUCTURE PROJECTS TO BE FUNDED, IN WHOLE OR IN PART, <br />THROUGH THE ISSUANCE OF NO MORE THAN TEN BILLION DOLLARS OF <br />BONDS IN THE AGGREGATE. THE RECOMMENDATION SHALL INCLUDE, AT <br />A MINIMUM: <br />(a) A DESCRIPTION OF THE RECOMMENDED PROJECTS; <br />(b) A FEASIBILITY REPORT THAT EV ALVA TES THE ECONOMIC AND <br /> <br />-7- <br /> <br />SB03-236 <br />