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<br />are llmended to read:
<br />""- ;.'.. ",,,, --.
<br />
<br />37"6()-119. Construction of water and power facilities - contracts
<br />wi~~ !!!l~ chllrg~ against users. (2) The board may, subject to the
<br />Pfpvisions in section 37-60-122, enter into contracts for the use of, or to
<br />Ip1m moneys to enable the construction, rehabilitation, enlargement, or
<br />improvement of,' said flood control, water, power, and any related
<br />n~crel\tiomll facilities, excluding domestic water treatment and distribution
<br />~yst~II\S, with lJ11Y agency or political subdivision of this state or the federal
<br />~py~rwn.ent, with individuals, with corporations, or with orgartizations
<br />WWP9~ed. of <,:itizens of this state. Any such contracts may provide for s.uch
<br />9l:\~ges to. the \lsing entity as, in the opinion of the board, are necessary and
<br />re~onl\gIe to rec,over the board's capital investinent, together with
<br />qMration~, maintenance, and interest charges over the term of years agreed
<br />\lPo.\ll>y contrl\ct. Interest charges shall be recommended by the board at
<br />ll#tw;een zer\> and, seven percent on the basis of the project sponsor's ability
<br />tQP4Y li,J,1d. tI;ie ~ignificance of the project to the development and protection
<br />Q~~~ W~~r s.upplies of the state. An, such INTEREST charges 50 colkc~
<br />. ~~.'\)~. 'f1'e<Uted to, and mad,e a part of the Colorado water conservation
<br />. ~Q~a. 'cQns~ction fund. ANY OTHER CHARGES, AS DETERMINED
<br />~~ROPll.IATE BY THE BOARD, SHALL BE CONTINUOUSLY APPROPRIATED TO
<br />'." -,.,"-"'" - - '-
<br />~.:QoI;.OR.ADO WATER CONSERVATION BOARD. FOR SUPPLEMENTAL
<br />9~ij~JJ:o~~ E.X;P~))~TURES.
<br />
<br />(3), To,plorno~ the. GffiGientmauagc"ICnt and opelation of
<br />~~.ic~.a;lll1!d1l1t<3Jiptllposc. ~lloci sYSt':''''5, the bomd is llUthorizcd to
<br />~;upto, ii..e hnn<hcdthol1sand dolbbs as demonstration ~lm.ts Oil c1
<br />,- ^ "
<br />t:'~.~,p~[G(,n.t, GOS~ sh&b..lg basis fOf Pioj'Gts to hUp10Y~ ~at'11Hcmag~nl'nt
<br />~J~tp;I'~G" ~~ Op~latiOllAi, co~ts of ~t;1Gh S')stc.ms. .
<br />
<br />S~CTION30. 37~60-120 (2) and(3), Colorado RevisedStatutes,
<br />are amended to read: .
<br />(.,."- ""- .,'.. ..
<br />
<br />.... .37..60:120.' Control of projects -contJ:'lictua! powersofboard.
<br />(2)~SpOIlSOl,of~plojGctlnaJ,.oi ;,..;ti4tC 01 inGu1 costs Mrfh.al de.sig:hs
<br />.~,s~~'ifiGA~li&JOI A p"IOj'.'t,.l1()1 ll~tLd A-.Gonttatt. for, {>10c:"a nt'd", o~
<br />~;.~ ,l1la1mcr-i11Gm.GO~t5 fu~ 'on~tluGtioh of A pIOjCGt, u.LLlil 5u(,h.sponsor
<br />hucvrr'l'lK:dwith all p,occdnic.s and rcqnirc.lt1Gnts ofth.:; bomd. Ifa
<br />sP91\sorfailsto comply\\fith the board's procedures and requiremerits~ the
<br />Q9l1f4may, aUts discretion, withhold or tenninate all or a portion oLthe
<br />> . . - .
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<br />PAGE 14-HOUSE BILL 02-1152
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