PUB00038

• Year: 1979
• Title: Construction Fund Annual Report 1979
• CWCB Section: Finance
• Author: CWCB
• Description: Construction Fund Annual Report 1979
• Publications - Doc Type: CF Annual Report

/
,/
/

.

Revised Statutes 1973, as amended, is am~nded BY THE ADDITION OF
A NEW SECTION to read:

39-26-123.1. Credit of sales and use tax receipts to
Colorado water conservation board construction fund - terminates
July 1, 1982. (1) Notwithstanding the provisions of section
39-26~123 (2) (c) (I) (A), (2) (c) (I) (B), and (2) (c) (I) (C),
the following amounts out of net revenue from sales and use taxes
which otherwise would be credited to the general fund shall be
credited to the Colorado water conservation board construction
fund created by section 37-60-121, C.R.S. 1973:

(a) For the fiscal year beginning July 1, 1979, eight
million dollars;

(b) For the fiscal year beginning July 1, 1980, ten million
dollars;
(c) For the fiscal year beginning July 1, 1981, ten million
dollars.
(2) This saction is repealed effective July 1, 1982.

- .

SECTION 4. Project authorizations. (1) Pursuant to section
37-60-122, Colorado Revised Statutes 1973, there are hereby
authorized to be constructed from such funds as may become
available to the Colorado water conservation board construction
fund, in tQe priority listed as nearly as practicable and with
the sums of money listed, plus or minus such amounts, if any, as
may be justified by unforeseen circumstances or by reason of
ordinary fluctuations in land values and construction costs as
indicated by cost indices applicable to the type of projects
involved, the following projects:

Project
Chatfield Project Channel
Improvement
Closed Basin
C. Beaver Park
';- Larkspur
C Rio Grande Reservoir

Amount

Total

$2,500,000
500,000
1,500,000
200,000
90,000.
$4,790,000

(2) The Chatfield project channel improvement and the Rio
Grande Reservoir project authorized by this section shall be
constructed as first priorities from the first moneys made
available to the Colorado water conservation board construction
fund pursuant to section 39-26-123.1, Colorado Revised Statutes
1973. The funds made available for the Chatfield project channel
improvement may be expended only through a contract with the
United States by which the United States agrees to provide flot
less than one-half of the total cost of 'said channel improv~ment.

.

PAGE 3-SENATE BILL NO. 537