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<br />(I) In support of water users whose water supply yield is <br />or may be diminished or the cost of said yield is or may <br />be materially increased as a result of conditions imposed <br />or that may be imposed, including but not limited to by- <br />pass flows, by any agency of the United States on <br />permits for existing or reconstructed water facilities <br />located on federally owned lands; <br />(II) To oppose an application of a federal agency for an <br />instream flow right that is not in compliance with <br />Colorado law for establishing instream flow rights; <br />(III) To defend and protect Colorado's allocations of <br />water in interstate streams and rivers; and <br />(IV) To ensure the maximum beneficial use of water for <br />present and future generations by addressing important <br />questions of federal law. <br />(b) Pursuant to the spending authority set forth in <br />paragraph (a) of this subsection (2.5), moneys may be <br />expended from the litigation fund at the discretion of the <br />board if: <br />(I) With respect to litigation, the Colorado attorney <br />general requests that the board authorize the expenditure <br />of moneys in a specified amount not to exceed the <br />balance of the fund for the costs oflitigation associated <br />with one or more specifically identified lawsuits <br />meeting the criteria set forth in paragraph (a) of this <br />subsection (2.5); <br />(II) (Deleted by amendment, L. 2003, p. 1769, S 19, <br />effective May 19, 2003.) <br />(c) Any interest earned on the moneys in the litigation <br />fund shall be credited on an annual basis to the litigation <br />fund created in paragraph (a) of this subsection (2.5). <br />(d) The board, in conjunction with the attorney general, <br />shall report annually to the senate agriculture, natural <br />resources, and energy committee and the house of <br />representatives agriculture, livestock, and natural <br />resources committee on any litigation that involves the <br />use of any moneys from the litigation fund created in <br />paragraph (a) of this subsection (2.5). <br />(e) Any moneys remaining in the litigation fund at such <br />time as the general assembly acts to close the fund shall <br />be credited to the Colorado water conservation board <br />construction fund created in subsection (1) of this <br />section. <br />(f) (Deleted by amendment, L. 2001, p. 690, S 27, <br />effective May 30, 2001.) <br />(3) (a) The board may receive and expend contributions <br />of money, property, or equipment from any source for <br />use in making investigations, contracting projects, or <br />otherwise carrying out the purposes of sections 37-60- <br />ill to 37-60-122. <br />(b) The board may accept, allocate, expend, and <br />otherwise use contributions and donations of money, <br />property, or equipment from any source to carry out the <br />purposes of this article and section 37 -92-1 02 (3). Such <br />contributions are hereby continuously appropriated to <br />the board for the purposes established by this section. <br />(4) (a) The personal services, operating, travel and <br />subsistence, and capital expenses of administering and <br />managing the feasibility studies, engineering and design <br />work, and construction activities associated with <br /> <br />projects which are funded using moneys appropriated, <br />allocated, or otherwise credited to the Colorado water <br />conservation board construction fund may be paid from <br />such moneys. <br />(b) Repealed. <br />(c) The legal services expenses, including the expenses <br />oflegal counsel employed by the board with the consent <br />of the attorney general pursuant to section 37-60-114, of <br />negotiating and preparing contracts for the disbursement <br />of moneys from the construction fund for the study, <br />design, and construction of projects which are funded <br />using moneys appropriated, allocated, or otherwise <br />credited to the Colorado water conservation board <br />construction fund may be paid from such moneys. <br />(5) Repealed. <br />(6) As ofJuly 1, 1988, and July 1 of each year thereafter <br />through July 1, 1996, fifty percent of the sum specified <br />in this subsection (6) shall accrue to the fish and wildlife <br />resources fund, which fund is hereby created, twenty- <br />five percent of such sum shall accrue to the Colorado <br />water conservation board construction fund, and twenty- <br />five percent of such sum shall accrue to the Colorado <br />water resources and power development authority. The <br />state treasurer and the controller shall transfer such sum <br />out of the general fund and into said fish and wildlife <br />resources fund and to the authority as moneys become <br />available in the general fund during the fiscal year <br />beginning on said July 1. Transfers between funds <br />pursuant to this subsection (6) and subsection (7) of this <br />section shall not be deemed to be appropriations subject <br />to the limitations of section 24-75-201.1, C.RS. Subject <br />to the provisions of subsection (7) of this section, the <br />amount that shall accrue pursuant to this subsection (6) <br />shall be as follows: <br />(a) On July 1, 1988, five million dollars; <br />(b) and (c) (Deleted by amendment, L. 2001, p. 690, S <br />27, effective May 30,2001.) <br />(d) On July 1, 1994, thirty million dollars. In <br />distributing said sum, the formula in the introductory <br />portion to this subsection (6) shall not apply, and said <br />sum shall accrue as follows: <br />(I) Ten million five hundred thousand dollars to the <br />Colorado water conservation board construction fund; <br />(II) (A) (Deleted by amendment, L. 2001, p. 690, S 27, <br />effective May 30, 2001.) <br />(B) (Deleted by amendment, L. 2003, p. 1769, S 19, <br />effective May 19, 2003.) <br />(III) One million five hundred thousand dollars to the <br />Colorado water resources and power development <br />authority; <br />(IV) (Deleted by amendment, L. 2001, p. 1277, S 49, <br />effective June 5, 2001.) <br />(V) Two million eight hundred thousand dollars to the <br />Colorado water conservation board construction fund <br />for a portion of the construction costs ofthe ridges basin <br />dam of the Animas-La Plata project; <br />(VI) Four hundred forty-seven thousand forty dollars to <br />the Colorado water conservation board construction <br />fund for activities relating to the Arkansas river <br />litigation. <br /> <br />57 <br />