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<br />888 <br /> <br />Water and Irrigation <br /> <br />Ch. 253 <br /> <br />pursuant to the terms and conditions established hy the board and by subsection (1) <br />of this section. <br /> <br />SECTION 21. 37-60-119 (I) (h) and (2), Colorado Revised Statutes, are <br />amended to read: <br /> <br />37.60-119. Construction of water and power facilities - contracts with and <br />charges against users. (I) (b) In carrying out ,u.h p.v",,,a. THIS SUBSECTtON (I), <br />the board i, d;...t.d Lv SHALL place special emphasis upon the adoption and <br />incorporation of measures wItieb THAT will encourage the conservation and more <br />efficient use of water, including the installation of water meters or such other <br />measuring and control devices as the board deems appropriate in each particular case. <br /> <br />(2) The board may, subject to the provisions in section 37-60-122, enter into <br />contracts for the use of, or to loan moneys to enable the construction, rehabilitation, <br />enlargement, or improvement of, said flood control, water, power, and any related <br />recreational facilities, excluding domestic water treatment and distribution systems, <br />with any agency or political subdivision ofthis state or the federal government, with <br />individuals, with corporations, or'W"ith organizations composed of citizens of this <br />state. Any such contracts may provide for such charges to the using entity as, in the <br />opinion of the board, are necessary and reasonable to recover the board's capital <br />investment, together with operational, maintenance, and interest charges over the term <br />of years agreed upon hy contract. Interest charges shall be recommended by the <br />board at between zero and seven percent on the basis of the project sponsor's ability <br />to pay and the significance of the project to the development and protection of the <br />water supplies of the state. Interest charges shall be credited to and made a part of <br />the Colorado water conservation board construction fund. Any other charges, as <br />determined appropriate by the board, shall be continuously appropriated to the <br />Colorado water conservation board for supplemental operational expenditures. <br /> <br />SECTION 22. 37-60-122 (1) (c), Colorado Revised Statutes, is amended to read: <br /> <br />37-60-122. General assembly approval. (1) Moneys in the Colorado water <br />conservation board construction fund shall be expended in the following manner and <br />under the following circumstances: <br /> <br />(c) In order to determine the economic and engineering feasibility of any project <br />proposed to be constructcd from funds provided in whole or in part from the Colorado <br />water conservation board construction fund, the board shall cause a feasibility report <br />_ __to be.prepw:e<ion.such.proposed.projecLif,jn_the.discretioaoLthaboard,jt appears. _ <br />to qualifY for consideration under section 37-60-119. The board may also cause a <br />feasibility report to be prepared on any other water project proposed in this state <br />whether funded by the Colorado water conservation board construction fund or by <br />any other source or entity or federal or state agency, and the board shall cooperate <br />with any such entity or federal or state agency in the planning of such project. The <br />board shall also cause any feasihility study to be made at the direction ofthe general <br />assembly. For all such feasibility investigations, the board is authorized to eommit <br />or LOAN, GRANT, OR OTHERWISE expend on a continuing basis t....u p"'H"....ll of the <br />moneys appropriated .......d;kd, o. vtI...........;<3... uppl;.....d to the construction fund <br />authorized by section37-60-121, p.;v. tv th..... ..............(,"t;OIl (\.Itd uppwyul vf uuy ...vuLlo.....t <br />GO.lt....lJ'Pla1...d by pUla5lupl. (d) vf tll;<3 <3"'u"........t;vu (1), .............p1 tl.u1 tI.G CO<3t vf auy <br />