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<br />VJ.-J...JI <br /> <br />- -0- - - -- -- <br /> <br />37-60-123.1. Loan foreclosure fund - created. THERE IS HEREBY CREATED IN THE STATE <br />TREASURY THE LOAN FORECLOSURE FUND, REFERRED TO IN THIS SECTION AS THE <br />"FORECLOSURE FUND", THE STATE TREASURER IS HEREBY AUTHORIZED AND DIRECTED TO <br />TRANSFER ONE HUNDRED THOUSAND DOLLARS FROM THE COLORADO WATER <br />CONSERVATION BOARD CONSTRUCTION FUND TO THE FORECLOSURE FUND. THE COLORADO <br />WATER CONSERVATION BOARD IS AUTHORIZED TO PROVIDE FUNDING TO COVER THE <br />DIRECT COSTS ASSOCIATED WITH COMPLETING FORECLOSURE PROCEEDINGS AGAINST A <br />DELINQUENT BORROWER FROM EITHER THE COLORADO WATER CONSERVATION BOARD <br />CONSTRUCTION FUND OR THE SEVERANCE TAX TRUST FUND PERPETUAL BASE ACCOUNT. <br />THE MONEYS IN THE FORECLOSURE FUND ARE HEREBY CONTINUOUSLY APPROPRIATED TO <br />THE BOARD FOR LOAN FORECLOSURE PROCEEDINGS, INCLUDING, BUT NOT LIMITED TO, <br />PROPERTY MANAGEMENT COSTS, APPRAISALS, ASSESSMENTS, TAXES, LOCAL GOVERNMENT <br />FEES, INSURANCE COSTS, COURT COSTS, AND LEGAL FEES. ALL INTEREST DERIVED FROM <br />THE INVESTMENT OF MONEYS IN THE FORECLOSURE FUND SHALL BE CREDITED TO THE <br />COLORADO WATER CONSERVATION BOARD CONSTRUCTION FUND. ANY BALANCE <br />REMAINING IN THE FORECLOSURE FUND AT THE END OF ANY FISCAL YEAR SHALL REMAIN <br />IN THE FUND. <br /> <br />37-60-123.2. Flood response fund - created. THERE IS HEREBY CREATED IN THE STATE <br />TREASURY THE FLOOD RESPONSE FUND, REFERRED TO IN THIS SECTION AS THE "RESPONSE <br />FUND". THE STATE TREASURER IS HEREBY AUTHORIZED AND DIRECTED TO TRANSFER ONE <br />HUNDRED FIFTY THOUSAND DOLLARS FROM THE COLORADO WATER CONSERVATION <br />BOARD CONSTRUCTION FUND TO THE RESPONSE FUND. THE COLORADO WATER <br />CONSERVATION BOARD IS AUTHORIZED TO PROVIDE FUNDING FOR FLOOD PREPAREDNESS <br />AND FOR RESPONSE AND RECOVERY ACTIVITIES FOLLOWING FLOOD EVENTS AND <br />DISASTERS. THE MONEYS IN THE RESPONSE FUND ARE HEREBY CONTINUOUSLY <br />APPROPRIATED TO THE BOARD FOR FLOOD RESPONSE PURPOSES, INCLUDING, BUT NOT <br />LIMITED TO, THE IMMEDIATE AVAILABILITY OF FUNDS FOR AERIAL PHOTOGRAPHY OF <br />FLOODED AREAS, FLOOD DOCUMENTATION AND IDENTIFICATION OF SPECIFIC HAZARDS, <br />EVALUATIONS AND REVISIONS OF FLOODPLAIN DESIGNATIONS, FLOOD FORECASTING AND <br />PREPARATION, AND DEVELOPMENT OF DISASTER AND RECOVERY MITIGATION PLANS. ALL <br />INTEREST DERIVED FROM THE INVESTMENT OF MONEYS IN THE RESPONSE FUND SHALL BE <br />CREDITED TO THE COLORADO WATER CONSERVATION BOARD CONSTRUCTION FUND, ANY <br />BALANCE REMAINING IN THE RESPONSE FUND AT THE END OF ANY FISCAL YEAR SHALL <br />REMAIN IN THE FUND, <br /> <br />SECTION 25. Repeal. 37-60-121.3, Colorado Revised Statutes, is repealed as follows: <br /> <br />37-60-121.3. Severance tax trust fund statewide water planning account - creation. (1) Th~n iJ <br />herch) el~fitea if! the ::ltMe ffefi.Jl1l), ti3 rtH:t aftha Calartiae ..atcl aeft.Jer yMieH 155Ma cS113tItietiefl IDfla, tho <br />3e. eHtL1Ge tan. taut ftUld ::ltate.. iaG "Mat plmmffl,f, aeeatKlto The atMe a ea3l::Uel i3 tete},) frtltftolizea ufia dileetea <br />t5 tItlftJf":l ..non5) J apPlopriated Mlplo~lltl13 51 r10jeetl .. iti.l.ifl the Calalaa5 "atel eorl;jer yatiofl hoMd plilJtififlt <br />t5 aecti5fl29 ~9 189 (1) (cJ (1) (D), CoRoSo, 1e1:ha 3ayellli..ca tM{ tltl3t fttna 3tatc"iae "atc! plaft11ifl,f, aeeelil..t. <br /> <br />(~) Tke Beaul iJ fitlH..oIii::ca 113 tl3a fila 1115115)3 in the 3aycIlltlee twr al:l3t IDl"La Jtate"iac "atell'lMlIlif!g <br />aeeetlflt f0l plojectJ ifl C:on..plial1ce nitfi tkia ariiclco }Jl iUtUe3t aCli.ed fleM t.fl.c inn~,Jt.tnent efffi51..e)J ifl the <br />JG.cllltle5 tax trtl3t mud Jtatc" ide "Mcr rlmmifib ficcel:tftt .3kl.lll he creditea to the COleIado "Mel eenJClyMi51.. <br />beft1d c811.Jtltl~tie.n ftllld.l.dl) bl.llmlce 1cillAm1fib ifl. the .3e,yCIfift&c tM! trtl3t flilla. JtMeniae "ateI t'lMlflifib <br />ae65t:tflt at the eHa ef fift) B3eal) eM Miall IOftlain in the tlceotlftt ana shall net Ie. ert t5 the gefterm fl1tid 51 an) <br />atkel ft1118. <br /> <br />http://www.state.co.us/gov_dir/leg_dir/olls/sI2001lsL206.HTM <br /> <br />06/0512002 <br />