LEG00050

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

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ENGINEERING FEASIBILITY OF THE PROJECTS;

( c) RECOMMENDED COMPLETION SCHEDULES FOR THE PROJECTS;

(d) A STATEMENT THAT LISTS THE PROJECTED COST OF EACH

PROJECT AND THE AMOUNT OF REVENUE BOND PROCEEDS TO BE EXPENDED

ON EACH PROJECT AND IDENTIFIES THE SOURCE AND AMOUNT OF ANY

MONEYS OTHER THAN BOND PROCEEDS TO BE EXPENDED ON EACH

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PROJECT; AND

(e) OF THE BONDS AUTHORIZED TO BE ISSUED PURSUANT TO THIS

SECTION FOR THE PURPOSE OF FINANCING APPROVED WATER

INFRASTRUCTURE PROJECTS, A MINIMUM OF

DOLLARS OF BOND

PROCEEDS SHALL BE AVAILABLE TO FINANCE APPROVED WATER

INFRASTRUCTURE PROJECTS OR PORTIONS THEREOF THAT AUGMENT OR

IMPROVE EXISTING WATER INFRASTRUCTURE FACILITIES OR CONSERVE

EXISTING WATER SUPPLIES WITHOUT CREATING NEW WATER STORAGE

FACILITIES.

(3) THE GOVERNOR MAY APPROVE ANY OR ALL OF THE WATER

INFRASTRUCTURE PROJECTS RECOMMENDED BY THE BOARD PURSUANT TO

SUBSECTION (2) OF THIS SECTION. THE BOARD SHALL ISSUE REVENUE

BONDS ONLY FOR THE PURPOSE OF FINANCING APPROVED PROJECTS.

37-60-204. Water infrastructure revenue bonds. (1) SUBJECT

TO THEAPPROV ALBY THE REGISTERED J;\LECTORS OF THE STATE VOTING ON

THE QUESTION OF THE BALLOT QUESTION SPECIFIED IN SECTION 37-60-203

(1) (a), AND ALL OTHER REQUIREMENTS OFTHIS PART 2, THE BOARD, FROM

TIME TO TIME, MAY ISSUE VOTER-APPROVED REVENUE BONDS FOR THE

PURPOSE OF FINANCING APPROVED WATER INFRASTRUCTURE PROJECTS.

(2) (a) THE PRINCIPAL OF AND INTEREST ON BONDS ISSUED BY THE

BOARD AND ANY COSTS ASSOCIATED WITH THE ISSUANCE AND

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SB03-236

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