LEG00200

• Bill Number: HB03-1318
• Year: 2003
• Title: Water Banks in Each Division
• Legislation - Doc Type: Other CWCB Related Bills - Passed

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THAT SUBMITTED THE REQUEST FOR THE BANK. SUCH DISTRICT SHALL BE

ENTITLED TO CHARGE A TRANSACTION FEE FOR DEPOSITS, WITHDRAWALS,

OR BOTH, SUFFICIENT TO COVER THE BANK'S ADMINISTRATION COSTS.

(2) THE DEPOSIT OF CREDITS IN A BANK IS VOLUNTARY, AND

CREDITS MAY BE REMOVED BY THE OWNER AT ANY TIME PRIOR TO AN

ACTUAL TRANSACTION IN WHICH CONTROL OF A CREDIT IS TRANSFERRED,

SUBJECT TO THE TERMS AND CONDITIONS OF THE DEPOSIT AGREEMENT

EXECUTED WITH THE OPERATOR OF THE BANK.

(3) THE STATE ENGINEER SHALLSEEKA WAIVER OR CLARIFICATION

OF ANY FEDERAL LAWS, RULES, OR REGULATIONS THAT MAY IMPEDE THE

IMPLEMENTATION OF THE WATER BANK PROGRAM.

SECTION 4. 37-S0.5-105, Colorado Revised Statutes, IS

amended to read:

37-80.5-105. Review of rules, Judicial review of all rules

promulgated pursuant to this article shall be in accordance with the "State

Administrative Procedure Act", article 4 of title 24, C.R.S.; except that

venue for such review shall lie exclusively with the APPROPRIATE water

judge for EACH water division. two:

SECTION 5. 37-80.5-106 (1) (a), Colorado Revised Statutes, is

amended to read:

37-80.5-106. Report. (1) The state engineer shall submit a report

to the general assembly and the governor on or before November 1, 2005,

regarding:

(a) The effectiveness of the pilot program;

SECTION 6. Appropriation. (1) In addition to any other

appropriation, there is hereby appropriated, out of any moneys in the

Colorado water conservation board construction fund created in section

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HB03-131S