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

the investment of moneys in the publications lICeMlllt FUND shall be credited to the publications lIEMtlllt
FUND. '

(3) The state treasurer is hereby authorized and directed to transfer five thousand dollars from the
COLORADO water conservation board construction fund to the publications tieMtll'lt FUND,

SECTION 33. 37-60-122.9, Colorado Revised Statutes, is amended to read:

37-60-122.9. Colorado river recovery program loan fund - creation. (1) There is hereby created in the
state treasury ftJ l'tut of tt<: C61015.33 ..aiu ean3et ~ Mien 55M3 ~3fl.3i'ltu:tiefi fl1'fl.d the Colorado river recovery
program 10an aeMtll.t FUND for the purpose of making loans to the Colorado river and San Juan river recovery
programs for the construction or improvement of certain water related proj ects in Colorado, under agreements
with power users of the federal Colorado river storage project, required to recover the four endangered fish
species of the upper Colorado river, including the San Juan river.

(2) The Colorado water conservation board shall recommend loans from the Colorado river recovery
program loan lleMtll~t FUND to the general assembly pursuant to section 37-60-122 (I) (b). The loans shall be
subject to an interest rate and repayment provisions to be determined by the Colorado water conservation board.

(3) The state treasurer is hereby authorized and directed to transfer to the Colorado river recovery program
loan llee6tll.t FUND, created in subsection (1) ofthis section, out of any moneys in the Colorado water
conservation board construction fund not otherwise appropriated, the sum of two million dollars. Interest earned
on the funds in the Colorado river recovery program 10an llee6l1fit FUND shall be credited to the Colorado water
conservation board construction fund, created in section 37-60-121 (1).

SECTION 34. 37-60-130 (I), (2), (4) (a), and (4) (b), Colorado Revised Statutes, are amended to read:

37-60-130. Arkansas river augmentation loan fund - creation. (I) There is hereby created in the state
treasury dB pm t of the C61dHHio .. atel (:,0113'-1. Miell 5tHtid eefl3ft tlE.tiafl llm.a the Arkansas river augmentation
10an llee8tll'lt FUND. The state treasurer is hereby authorized and directed to transfer 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 10an ae56tll'lt FUND.

(2) The board is hereby authorized to expend up to three million five hundred thousand dollars from the
Arkansas river augmentation loan ae66tll'lt FUND 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 ofusable stateline flows in violation of the Arkansas
river compact. MONEYS IN THE ARKANSAS RIVER AUGMENTATION LOAN FUND ARE HEREBY
CONTINUOUSLY APPROPRIATED TO THE BOARD. ALL INTEREST DERIVED FROM THE
INVESTMENT OF MONEYS IN THE ARKANSAS RIVER AUGMENTATION LOAN FUND SHALL BE
CREDITED TO THE COLORADO WATER CONSERVATION BOARD CONSTRUCTION FUND,

(4) (a) The state engineer shall promptly and completely curtail the use ofa well by the owner of such
well, if such owner has accepted the benefit of the Arkansas river augmentation 10an lle561:11.t FUND, and fails
to make a payment required pursuant to the terms of subsection (3) of this section.

(b) This section shall apply regardless of whether the well owner accepts the benefit of the Arkansas river
augmentation loan llCE8tll'lt FUND directly or through membership in a participating association or
org8 '1 i zation.

http://www.state.co.lIs/gov_dir/leg_dir/olls/sI2001ls1.206.HTM 06/05/2002