LEG00086

• Bill Number: HB83-1197
• Year: 1983
• Title: Amending 37-95-103 ‎(10)‎, 37-95-106 ‎(1)‎ ‎(k)‎, 37-95-107 ‎(1)‎ and ‎(7)‎ , 37-95-116, and 37-95-120 ‎(3)‎, Colorado Revised Statutes 1973
• Legislation - Doc Type: Other CWCB Related Bills - Passed

THE AUTHORIT, SHALL LIKEWISE PROVIOE FOR ITS REIMBURSEMENT OF
SUCH EXPENSES PRIOR TO THE START OF CONSTRUCTION OF THE
PROJECT. '

SECTION 4. 37-95-116, Colorado Revised Statutes 1973, as
amended, is amend~d to read:

37-95-116. Annual report - annual audit - annual budget.
(1) On or before the-'o~t-doy-of-Acgc~t-in MARCH 31 OF each
year, the authority shall make an annual report of its
activities for the preceding fiscal year to the governor, the
Colorado water conservation board, and the general assembly.
Each such report shall set forth a complete operating and
financial statement covering its operations during the year.
Included within such report shal I be detailed financial data
setting forth the manner in which any previously appropriated
state funds have been used. Fcrther, The authority, NO LATER
THAN NOVEMBER 30 OF EACH YEAR, shall incicde-in-it~ report TO
THE GOVERNOR ANO THE GENERAL ASSEMBLY any requests for state
funds for the upcoming state fiscal year, detailing the
purposes for which said funds are to be utilized.

(2) The authority shall cause an audit of its books and
accounts to be made at least once in each year by certified
public accountants, and the cost thereof shall be considered
as expenses of the authority, and a copy thereof shall be
filed with the state treasurer.

(3) in-oddition The authority shall develop and adopt an
annual AOMINISTRATIVE OPERATING budget and submit such budget
on a timely basis to each district, governmental entity, and
other entities ENTITY participating in projects, so as to
permit such districts and entities to make necessary
adjustments in their respective budgets, fees, and charges.

SECTION 5. 37-95-120 (3), Colorado Revised Statutes
1973, as amended. is amended to read:

37-95-120. Agreements with governmental agencies or
persons. (3) The obligations of a governmental agency or
persons under an agreement with the authority or arising out
of the default by any other purchaser with respect to such an
agreement shall not, UNLESS OTHERWISE LAWFUL, be construed to
constitute A debt of the governmental agency or persons. To
the extent provided in agreements with the authority, sllch
obligations shall constitute special obligations of the
governmental agency or persons, payable solely from the
revenues and other moneys derived by the governmental agency
or persons from its THEIR utility systems, and shall be
treated as expenses of operating such systems.

SECTION 6. Safety clause. The general

assemb ly hereby

PAGE 3-HOUSE BILL NO. 1197