LEG00114 - Laserfiche WebLink

Home Browse Search

~ Water and Irrigation Ch. 168 measurements in the Arkansas River basin. The Colorado water conservation board is authorized to reimburse the ground water management fund, created in section 37-80-111.5 (I) (d), Colorado Revised Statutes, an amount up to twenty-five thousand dollars ($25,000), for the purchase of totalizing flow meters by the state engineer in the 1997 fiscal year for the purpose of commencing the study. (2) The amounts appropriated in subsection (1) of this section shall remain available for the designated purposes until the project is completed. SECTION 16. Appropriation. In addition to any other appropriation, there is hereby appropriated, out of any moneys in the severance tax trust fund perpetual base account pursuant to section 39-29-109 (I) (a) (I), Colorado Revised Statutes, to the department of natural resources, for allocation to the water conservation board, for the fiscal year beginning July I, 1997, the sum oHour million dollars ($4,000,000), or so much thereof as may be necessary, for the implementation oftliis act. Said sum shall be for the Eagle Park Reservoir Company to support the Eagle Park Reservoir Rehabilitation project. SECTION 17. 37-60-130 (I) and (2), Colorado Revised Statutes, 1990 Repl. Vol., as amended, are amended to read: 37-60-130. Arkansas river augmentation loan account - creation. (I) There is hereby created in the state treasury as part of the Colorado water conservation board construction fund the Arkansas river augmentation loan account. The state treasurer is hereby authorized and directed to transfer <>11(; fllillio" Ii.e h~1d1ed lhollMlm A TOTAL OF THREE MILLION FIVE HUNDRED THOUSAND dollars from the UNRESERVED CASH FUNDS IN THE water conservation board construction fund to the Arkansas river augmentation loan account. (2) The board is hereby authorized to expend up to euG millio,l Ii.e h~,<lred ll,tlMat,d THREE MILLION FIVE HUNDRED THOUSAND dollars from the Arkansas river augmentation loan account for the purpose of making loans to organizations or entities for the purchase of augmentation water or the rights to such water to replace out-of-priority depletions to surface water rights and to prevent material depletions of usable stateline flows in violation of the Arkansas river compact. SECTION 18. 24-36-114 (2), Colorado Revised Statutes, 1988 Repl. Vol., as amended, is amended BY THE ADDITION OF A NEW PARAGRAPH to read: 24-36-114. How interest earnings credited - management fee. (2) (i) THE PROVISIONS OF THIS SUBSECTION (2) SHALL NOT APPLY TO ANY ACCOUNT IN THE COLORADO WATER CONSERVATION BOARD CONSTRUCTION FUND, SECTION 19, Safety clause. The general assembly hereby finds, detennines, and declares that this act is necessary for the immediate preservation of the public peace, health, and safety. Approved: May 21, 1997