LEG00174

• Bill Number: SB01-157
• Year: 2001
• Title: Concerning the Funding of Colorado Water Conservation Board Projects and Making Appropriations in Connection Therewith
• Legislation - Doc Type: Construction Fund Bill

37-60-122.7. Small project loan fund - feasibility study small grant fund - creation. (1) There is
hereby created in the state treasury l.l,l pMt 5f~e CelarMa natel c5fiJCl.ati5fl holUd. oo1l3tltl.,-t1511 ftlfld the small
project 10an ac~llllllt FUND, The state treasurer is hereby authorized and directed to transfer two million dollars
from the COLORADO water conservation board construction fund to the small project loan ae661111t FUND.

(2) (a) The Colorado water conservation board is authorized to make loans from the small project loan
11666l1ftt FUND in a maximum amount of one hundred thousand dollars for small projects if it determines that
delay would result in undue hardship on the borrower. These loans shall not require prior general assembly
approval, and shall be approved by the board for the purpose of avoiding undue delay in completion of the
project.

(b) The total amount of loans from the small project 10an aee6111'lt FUND shall not exceed one million
dollars in any fiscal year.

(3) The board shall submit to the general assembly a written determination of the basis for each 10an from
the small project loan liee3tll'lt FUND not later than December 1 ofthe year in which the loan was made.

(4) The moneys in the small project loan aee8l1ftt FUND are hereby continuously appropriated to the
board for loans in compliance with subsections (1) to (3) of this section. All interest derived from the
investment of moneys in the small project loan ae,,~lIftt FUND shall be credited to the Colorado water
conservation board construction fund. Any balance remaining in the small project loan acellllllt FUND at the
end of any fiscal year shall remain in the llee61111t FUND and shall not revert to the Colorado water conservation
board construction fund,

(5) (a) There is hereby created in the state treasury li3~!Ift 6flke CSll\laall ..at~I l13113el.atiall ellllld
S81\3tJ tlctien ftllla the feasibility study small grant lleelltmt FUND 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 lleeetmt FUND. The
moneys in the feasibility study small grant lweallllt FUND are hereby continuously appropriated to the board for
grants in compliance with this subsection (5). All interest derived from the investment of moneys in the
feasibility study small grant lli:MI1I'!t FUND shall be credited to the Colorado water conservation board
construction fund, Any balance remaining in the feasibility study small grant llee61111t FUND at the end of any
fiscal year shall remain in the 1l~66tmt FUND and shall not revert to the Colorado water conservation board
construction fund.

SECTION 32. 37-60-122,8, Colorado Revised Statutes, is amended to read:

37-60-122.8. Publications fund. (1) There is hereby created in the state treasury a:! plllt 6hhl\ C5lema5
..at~l e611J~1 . atioll bOllIa nlllJtl tleti51l [!!lid the publications ael\51111t FUND. The llee5tlllt FUND shall consist of
moneys paid to the board from persons outside the board for copies of public records or publications provided
by the board. The moneys in the al\1\61111t FUND may be expended by the board to pay for the cost of providing
copies of public records or publications to persons outside the board. THE MONEYS IN THE FUND ARE
HEREBY CONTINUOUSLY APPROPRIATED TO THE BOARD FOR THE PURPOSES ESTABLISHED
IN THIS SECTION,

(2) The publications lleMtll'lt FUND shall have no more than ten thousand dollars in it and any amount in
excess shall be credited to the Colorado water conservation board construction fund. All interest derived from

http://www.state.co.us/gov_dir/leg_dir/olls/sI200l/sL206.HTM

06/05/2002