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<br />I CONSERVATION OF COLORADO'S W ATERRESOURCES, A WATER COURT MAY <br /> <br /> <br />2 APPROVE A CHANGE OF WATER RIGHT FOR SAVED WATER IF SUCH <br /> <br /> <br />3 APPROVAL WILL NOT CAUSE MATERIAL INJURY TO VESTED WATER RIGHTS, <br /> <br /> <br />4 THE SAVED WATER IS LIMITED TO THE HISTORICAL CONSUMPTIVE USE <br /> <br />5 ASSOCIATED WITH THE WATER RIGHT, AND SUCH APPROVAL WILL NOT <br /> <br /> <br />6 ADVERSELY AFFECT COLORADO'S INTERSTATE COMPACT ENTITLEMENTS OR <br /> <br /> <br />7 OBLIGATIONS. FOR PURPOSES OF THIS SUBSECTION (3.5), "SAVED WATER" <br /> <br /> <br />8 MEANS WATER THAT HAS HISTORICALLY BEEN CONSUMED IN PAST USE <br /> <br /> <br />9 PRACTICES THAT, BECAUSE OF IMPROVED DELIVERY, STORAGE, OR USE <br /> <br />I 0 METHODOLOGIES, IS NO LONGER REQUIRED TO ACCOMPLISH ITS HISTORIC <br /> <br /> <br />II BENEFICIAL USE. <br /> <br /> <br />12 SECTION 4. Effective date - applicability. (I) This act shall <br /> <br /> <br />13 take effect at 12:01 a.m. on the day following the expiration of the <br /> <br /> <br />14 ninety-day period after final adjournment of the general assembly that is <br /> <br />15 allowed for submitting a referendum petition pursuant to article V, <br /> <br />16 section I (3) ofthe state constitution (August 4, 2004, if adjournment sine <br /> <br /> <br />17 die is on May 5, 2004); except that, if a referendum petition is filed <br /> <br /> <br />18 against this act or an item, s_e_cJion,_ocpartofJhis_acLwithin_such..period, <br /> <br /> <br />19 then the act, item, section, or part, if approved by the people, shall take <br /> <br />20 effect on the date of the official declaration of the vote thereon by <br /> <br /> <br />21 proclamation of the governor. <br /> <br />22 (2) The provisions of section I of this act shall apply to restrictive <br /> <br /> <br />23 covenants adopted before, on, or after the applicable effective date of this <br /> <br /> <br />24 act. The provisions of sections 2 and 3 of this act shall apply to irrigation <br /> <br /> <br />25 occurring and adjudication applications filed on or after the applicable <br /> <br />26 effective date of this act. <br /> <br />-3- <br /> <br />HB04-1233 <br />