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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OPERATIONS OWNED BY THE DISTRICT, AS DETERMINED BY THE BOARD.

THE ENTERPRISE IS AUTHORIZED TO ISSUE ITS OWN REVENUE BONDS. THE

ENTERPRISE SHALL RECEIVE UNDER TEN PERCENT OF ITS ANNUALREVENUB

IN GRANTS FROM ALL STATE AND LOCAL GOVERNMENTS COMBINED. THE

ENTERPRISE IS HEREBY DECLARED TO BE ABODY POLITIC AND CORPORATE

WITH THE RIGHTS AND LIABILITIES OF A POLmCAL SUBDIVISION OF THE

STATE OF COLORADO AND COMPONENT UNIT OF THE DISTRICT. THE

GOVERNING BODY OF THE ENTERPRISE SHALL BE THE BOARD. . THE POWERS

OF THE ENTERPRISE SHALL BE THE SAME AS THE POWERS OF THE DISTRICT

AND INCLUDE SUCH POWERS AS ARE NECESSARY OR INCIDENTAL TO OR

IMPLIED FROM THE SPECIFIC POWERS -GRANTED TO THE ENTERPRISE;

EXCEPT THAT THE ENTERPRISE SHALL HAVE NO POWER WHATSOEVER TO

LEVY ANY TAX.

37-49-104. Board of directors. (1) THE DISTRICT SHALL BE

MANAGED AND CONTROLLED BY A BOARD OF EIGHT DIRECTORS WHO

SHALL BE APPOINTED AND ELECTED PURSUANT TO SUBSECTIONS (3) AND

(4) OF THIS SECTION.

(2) (a) EXCEPT AS PROVIDED IN PARAGRAPH (b) OF THIS

SUBSECTION (2), DIRECTORS SHALL SERVE TERMS OF FOUR YEARS. A

DIRECTOR MAY SERVE MORE THAN ONE TERM. A DIRECTOR SHALL SERVE

UNTIL THE DIRECTOR'S SUCCESSOR IS APPOINTED OR ELECTED AND

QUALIFIED.

(b) AT THE FIRST ORGANIZATIONAL MEETING OF THE BOARD OF

DIRECTORS, THE DIRECTORS SHALL DECIDE BY LOT WHICH FOUR OF THEM

SHALL HAVE AN INITIAL FOUR-YEAR TERM AND WHICH THREE OF THEM

SHALL HAVE AN INITIAL TWO-YEAR TERM. UPON THE EXPIRATION OF THE

INITIAL TWO-YEAR TERMS OF OFFICE, DIRECTORS SHALL BE APPOINTED OR

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HB05-1298