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PROJECTS SHALL COMPRISE THE INTEGRATED WATER INFRASTRUCTURE FACILITIES. THE RECOMMENDATION SHALL: (a) ENCOURAGE A COOPERATIVE APPROACH TO WATER SUPPLY TO MEET THE DEMAND OF THE STATE'S CYCLES OF DROUGHT; (b) FOSTER A SYSTEM INTEGRATION APPROACH TO WATER SUPPLY PLANNING; ( C) REASONABLY PROTECT THE ENVIRONMENT OF THE BASIN OF ORIGIN AND BASIN OF USE; (d) PROMOTE A COST-EFFECTIVE APPROACH TO THE PROVISION OF WATER SUPPLIES; (e) ENCOURAGE PRIVATE ENTERPRISE AND LOCAL GOVERNMENTAL ENTITIES IN THE PLANNING, DEVELOPMENT, CONSTRUCTION, AND USE OF THE INTEGRATED WATER INFRASTRUCTURE FACILITIES; (f) PROVIDE THAT NO CURRENT IRRIGATED AGRICULTURE WILL BE TAKEN OUT OF PRODUCTION IN EITHER THE BASIN OF ORIGIN OR THE BASIN OF USE TO ACHIEVE THE DELIVERY GOALS; (g) COMMENCING IN 2008, MAKE AVAILABLE FOR DELIVERY TO THE BASIN OF USE WATER FOR POSSIBLE ENDANGERED SPECIES REQUIREMENTS, IF ANY, IN ADDITION TO WATER FOR TRADITIONAL RECOGNIZED CONSUMPTIVE USES; (h) COMMENCING IN 2010, MAKE AVAILABLE FOR DELIVERY FROM WATER DIVISION 4 OR 5 ON AN AVERAGE ANNUAL BASIS A MINIMUM OF ONE IllJNDRED TWENTY THOUSAND ACRE-FEET OF WATER FOR BENEFICIAL USE IN WATER DIVISIONS I AND 2, WITH PREFERENCE GIVEN TO PROJECTS THAT GIVE PRIORITY TO WESTERN SLOPE NEEDS; (i) COMMENCING IN 2012, MAKE AVAILABLE ON AN AVERAGE ANNUAL BASIS FOR BENEFICIAL USE IN WATER DIVISIONS 4 AND 5 AN AMOUNT OF WATER THAT REFLECTS EXISTING OR REASONABLY FORESEEABLE FUTURE NEEDS, BUT WHICH IN NO EVENT EXCEEDS THIRTY-THREE PERCENT OF THE WATER THAT IS DELIVERED ON AN AVERAGE ANNUAL BASIS TO WATER DIVISIONS I AND 2, WITH PREFERENCE GIVEN TO PROJECTS TIIA T GIVE PRIORITY TO WESTERN SLOPE NEEDS; AND U) COMPLY WITH THE PROVISIONS OF SECTION 37-60-122.2. (2) THE BOARD'S RECOMMENDATION TO THE GENERAL ASSEMBLY REGARDING THE INTEGRATED WATER INFRASTRUCTURE FACILITIES UNDER THIS SECTION SHALL TAKE THE FORM OF A FEASIBILITY STUDY PURSUANT TO SECTION 37-60-122 (I) (c). THE BOARD MAY NEGOTIATE AND CONSULT WITH THE COLORADO HOUSING AND FINANCE AUTHORITY IN PREPARING THE ECONOMIC COMPONENT OF THE FEASIBILITY STUDY AND, IF FEASIBLE, MAY RECOMMEND TO THE GENERAL ASSEMBLY THAT THE AUTHORITY ISSUE BONDED INDEBTEDNESS TO FINANCE, WHOLLY OR IN PART, THE FACILITIES. THE RECOMMENDATION SHALL CONTAIN BUT NOT BE LIMITED TO A TIMELINE FOR THE COMPLETION OF THE FACILITIES, INCLUDING AN ANALYSIS OF ANY POTENTIAL IMPEDIMENTS ASSOCIATED WITH OBTAINING ANY NECESSARY FEDERAL PERMITS. (3) IF THE GENERAL ASSEMBLY APPROVES THE INTEGRATED WATER INFRASTRUCTURE FACILITIES RECOMMENDED PURSUANT TO THIS SECTION BY BILL, THE GENERAL ASSEMBLY SHALL ALSO APPROVE BY BILL FINANCING PLANS THAT PROVIDE FOR EITHER DIRECT FUNDING BY ASSESSING THE COST, WHOLLY OR IN PART, THROUGH ASSESSMENTS, CHARGES, OR FEES UPON PROPERTY OR CITIZENS BENEFITED BY SUCH FACILITIES, OR FINANCING THROUGH THE ISSUANCE OF BONDED INDEBTEDNESS BY THE COLORADO HOUSING AND FINANCE AUTHORITY IN ACCORDANCE WITH SECTION 29-4-710.8, C.R.S., OR BOTH. IF THE GENERAL ASSEMBLY APPROVES FINANCING PLANS THAT REQUIRE THE ISSUANCE OF BONDED INDEBTEDNESS BY THE AUTHORITY, THE GENERAL ASSEMBLY SHALL, AFTER DUE CONSIDERATION OF THE RECOMMENDATION SUBMITTED BY THE BOARD, SPECIFY BY BILL THE MAXIMUM AGGREGATE AMOUNT OF BONDS TO BE ISSUED, WHETHER THE BONDS ARE TO BE ISSUED AS GENERAL OBLIGATION BONDS OF THE AUTHORITY, AND IF NOT, WHICH REVENUE STREAMS TO BE USED TO MAKE PRINCIPAL AND INTEREST PAYMENTS ON THE BONDS AND DEFRAY ANY COSTS ASSOCIATED WITH THE ISSUANCE OF THE BONDS. HOWEVER, IN NO CASE SHALL: (a) REVENUES OF THE STATE, INCLUDING ANY SURPLUS MONEYS UNDER SECTION 20 OF ARTICLE X OF THE STATE CONSTITUTION, OTHER THAN ANY STATE REVENUES DERIVED FROM ASSESSMENTS, CHARGES, OR FEES UPON PROPERTY OR CITIZENS BENEFITTED BY THE INTEGRATED WATER INFRASTRUCTURE FACILITIES FINANCED BY THE BONDS, BE USED, ENCUMBERED, OR COMMITTED UNDER THIS SECTION; (b) ANY HOLDER OF BONDS ISSUED BY THE AUTHORITY LOOK TO ANY OTHER REVENUES OF THE STATE FOR THE PAYMENT OF THE BONDS; AND (C) ANY BONDS ISSUED BY THE AUTHORITY BE DEEMED TO CONSTITUTE "A DEBT BY LOAN IN ANY FORM" UNDER SECTION 3 OF ARTICLE XI OF THE STATE CONSTITUTION BECAUSE SUCH BONDS ARE NOT A LEGALLY 14