LEG00212

• Bill Number: HB05-1298
• Year: 2005
• Title: Concerning creation of the Douglas-Arapahoe water conservation district
• Legislation - Doc Type: Other CWCB Related Bills - Killed

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CHARGE OR LIEN UPON ITS PROPERTY.

(2) THIS SECTION DOES NOT APPLY TO OR LIMIT THE RIGHT OF lliE

HOLDER OF ANY SECURITY, lliE HOLDER'S TRUSTEE, OR ANY ASSIGNEE OF

ALL OR PART OF THE HOLDER'S INTEREST; THE FEDERAL GOVERNMENT

WHEN ITIS AP ARTY TO ANY CONTRACT WIlli THE DISTRICT; OR ANY OlliER

OBLIGEE UNDER TIllS ARTICLE TO FORECLOSE, OlliERWISE TO ENFORCE, OR

TO PURSUE ANY REMEDIES FOR lliE ENFORCEMENT OF, ANY PLEDGE OR

LIEN GIVEN BY lliE DISTRICT ON THE PROCEEDS OF tAXES, SERVICE

CHARGES, OR OTHER REVENUES.

37-49426. Financing ofspecific water rights acquisitions and

projects. (1) IF THE BOARD DETERMINES lliAT A PROJECT WILL BE OF

BENEFIT TO ALL WATER PROVIDERS AND THAT lliE BENEFIT TO EACH

WATER PROVIDER WOULD EQUAL OR EXCEED THAT WATER PROVIDER'S

SHARE OF THE COST OF THE PROJECT, SUCH PROJECT MAY BE FINANCED BY

ANY LAWFUL MEANS. PARTICIPATION BY A WATER PROVIDER IN ANY

PROJECT OF THE DISTRICT SHALL BE AT THE SOLE DISCRETION OF THE

WATER PROVIDER. DETERMINATION BY A WATER PROVIDER, ACTING

THROUGH ITS GOVERNING BODY, NOT TO P ARTICIP ATE IN ANY INDNIDUAL

PROJECT SHALL BE BINDING ON lliE BOARD AND UPON lliE WATER

PROVIDER.

(2) IF lliE BOARD DETERMINES THAT A PROJECT WILL BE OF

BENEFIT TO ONLY SOME OF THE WATER PROVIDERS, THEN SUCH WATER

PROVIDERS MAY FORM AND OPERATE A WATER AUTHORITY, WATER

ACTIVITY ENTERPRISE, OR OTHER GOVERNMENTAL ENTITY AS PROVIDED BY

LAW, AND MAY FINANCE SUCH PROJECT IN ANY LAWFUL MANNER. THE

BOARD MAY ALSO ESTABLISH SUBDISTRICTS OF THEDISTRICTIN AMANNER

SUBSTANTIALLYSIMlLAR TO SECTION 32-1-1101 (1) (f) AND (1.5), C.R.S.,

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HB05-1298