LEG00104

• Bill Number: SB99-173
• Year: 1999
• Title: Concerning the Funding of Colorado Water Conservation Board Projects and Making Appropriations in Connection Therewith
• Legislation - Doc Type: Construction Fund Bill

Water and Irrigation

Ch.2I8

continuously appropriated to the board for loans in compliance with SUBSECTIONS (I)
TO (3) OF this section. All interest derived from the investment of moneys in the small
project loan account shall be credited to the Colorado Water conservation board
construction fund. Any balance remaining in the small project loan account at the end
of any fiscal year shall remain in the account and shall not revert to the Colorado
water conservation board construction fund.

(5) (a) THERE IS HEREBY CREATED IN THE STATE TREASURY AS PART OF THE
COLORADO WATER CONSERVATION BOARD CONSTRUCTION FUND THE FEASIBILITY
STUDY SMALL GRANT ACCOUNT FOR THE PURPOSE OF MAKING SMALL GRANTS TO HELP
PAY THE COSTS OF PREPARING WATER PROJECT FEASIBILITY STUDIES_ THE COLORADO
WATER CONSERVATION BOARD SHALL APPROVE SMALL FEASIBILITY STUDY GRANTS
BASED SOLELY ON CRITERIA ADOPTED BY THE BOARD_

(b) THE STATE TREASURER IS HEREBY AUTHORIZED AND DIRECTED TO TRANSFER
TWO HUNDRED THOUSAND DOLLARS FROM THE COLORADO WATER CONSERVATION
BOARD CONSTRUCTION FUND TO THE FEASIBILITY STUDY SMALL GRANT ACCOUNT.
THE MONEYS IN THE FEASIBILITY STUDY SMALL GRANT ACCOUNT ARE HEREBY
CONTINUOUSLY APPROPRIATEDTOTHEBOARD FOR GRANTS IN COMPLIANCE WITH THIS
SUBSECTION (5). ALL INTEREST DERIVED FROM THE INVESTMENT OF MONEYS IN THE
FEASIBILITY STUDY SMALL GRANT ACCOUNT SHALL BE CREDITED TO THE COLORADO
WATER CONSERVATION BOARD CONSTRUCTION FUND. ANY BALANCE REMAINING IN
THE FEASIBILITY STUDY SMALL GRANT ACCOUNT AT THE END OF ANY FISCAL YEAR
SHALL REMAIN IN THE ACCOUNT AND SHALL NOT REVERT TO THE COLORADO WATER
CONSERVATION BOARD CONSTRUCTION FUND.

SECTION 14. Repeal. 37-60-121.1 (2) (b), Colorado Revised Statutes, is
repealed as follows:

37-60-121.1. Reserved rights litigation fund. (2) (b) NotovitllStslItlil\15 /tI1]
plo,isioll ofpilIa!';ISph (a) OftlriH"b;,ct:vt, (2) Iv t1.. 'olm",), "" JIll} I, 1998, HIG
;tt<I" It'MlI1 Gl shall lktltlct oue million tk,lls" 11 Olll tile I G3CI ,oJ d~ll>, lit:llMiou fund
and transfcl stich Stm~ to tit{. capj~l A(,Gotlnt of Hl(, s.P"';''!' (,(,u~C.l vut;vu tInst ftmd
eJcsled in secti"" 24 JJ I I I (2), C.R.S.

SECTION 15. 37-60-121 (2.5), Colorado Revised Statutes, is amended BY THE
ADDITION OF A NEW PARAGRAPH to read:

37-60-121. Colorado water conservation board construction fund - creation
of - nature of fund - funds for investigations - contributions - use for
augmenting the general fund. (2.5) (I) NOTWITHSTANDING ANY PROVISION OF
PARAGRAPH (a) OF THIS SUBSECTION (2.5) TO THE CONTRARY, ON JULY 1, 1999, THE
STATE TREASURER SHALL DEDUCT ONE MILLION DOLLARS FROM THE LITIGATION
ACCOUNT AND TRANSFER SUCH SUM TO THE CAPITAL ACCOUNT OF THE SPECIES
CONSERVATION TRUST FUND CREATED IN SECTION 24-33-111 (2), C.R.S.

SECTION 16. Cherry Creek reservoir flood safely investigation -
appropriation. (I) The Colorado water conservation board is hereby authorized to
expend up to seventy. five thousand dollars ($75,000) in cooperation with the national
weather service, the U. S. army corps of engineers, other state agencies, and agencies
oflocal governments to match nonstate funding for a technical evaluation and public