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<br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br /> <br />ENTERPRISE PURSUANT TO SECTION 37 -45.1-103 OR APRIV ATE ENTITY AND <br />THAT SUBMITS A WATER BANK CHARTER APPLICATION TO THE BOARD <br />PURSUANT TO THIS SECTION. <br />(b) "WATER BANK" HAS THE MEANING SET FORTH IN SECTION <br />37-80.5-103. <br />(c ) "WATER DIVISION" MEANS ANY WATER DIVISION ESTABLISHED <br />PURSUANT TO SECTION 37-92-201. <br />(2) AN APPLICANT MAY SUBMIT A WATER BANK CHARTER <br />APPLICATION TO THE BOARD. THE APPLICATION SHALL CONTAIN THE <br />FOLLOWING: <br />(a) A LIST OF THE GOVERNMENTAL ENTITIES THAT CONSTITUTE THE <br />APPLICANT, INCLUDING THE WATER DIVISION IN WHICH EACH SUCH ENTITY <br />IS LOCATED IN WHOLE OR PART; <br />(b) A PROPOSED WATER BANK CHARTER THAT WILL BE SUBMIITED <br />TO THE WATER COURT PURSUANT TO SECTION 37 -92-302; <br />(c) A NARRATIVE DESCRIPTION OF THE APPLICANT'S PROPOSED <br />WATER BANK OPERATIONS, INCLUDING INPARTICULAR HOW TIlE APPLICANT <br />PROPOSES TO MEET THE REQUIREMENTS OF SECTION 37 -92- 305 (3); AND <br />(d) AN APPLICATION FEE OF NO MORE THAN _ DOLLARS AS <br />DETERMINED FROM TIME TO TIME BY THE BOARD. <br />(3) THE BOARD MAY GRANT NO MORE THAN ONE WATER BANK <br />CHARTER APPLICATION PER WATER DIVISION. IF A WATER BANK WITH AN <br />APPROVED CHARTER CEASES OPERATIONS AND SURRENDERS ITS CHARTER <br />TO THE BOARD PURSUANT TO THIS SECTION, THE BOARD MAY APPROVE <br />ANOTHER CHARTER APPLICATION FROM AN APPLICANT IN THE WATER <br />DIVISION IN WHICH SUCH BANK WAS CHARTERED. <br />(4) THE BOARD SHALL BASE ITS DETERMINATION OF WHETHER TO <br /> <br />-8- <br /> <br />SBOI-161 <br />