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<br />-^ <br /> <br />Untitled <br /> <br />Page 3 of 4 <br /> <br />(F) Interest during construction; <br /> <br />. <br /> <br />(G) ACQUISITION OF LAND AND WATER RIGHTS; AND <br /> <br />(H) ALL direct AND INDIRECT expenses of the authority ana site aeE)HisitioR AND <br />OTHER GOVERNMENTAL AGENCIES INVOLVED IN THE PROJECT, <br /> <br />(b) The defiFlitisn of eSFlstruetisFI east does RSt iaeh,lde the east sf ]3laRFIiFlg, <br />0flvir0smefltal aeeumeatatieB, "'I:ater rights, or mitigation eosts, and sueh Gaets shall <br />be at t"'e eJcpense 8ftae spoHs8ring govemmeHtal ageney. <br /> <br />(c) Na mare taaH 8ne fOHrt'" aftlle tafal aW8unt oft"'e aathority's eash or <br />inyestmeFlts an haHd on Jamlary 1 af eae'" year shall be Htilized at any ane time <br />ullrin!; that year in G8I1flectiea v:ith the issllane0 (If bonds to fiaanee small v.'ater <br />reSOHree ]3rojeets. The al:lthority shall utilize na mare than eight million Rine hundred <br />seyeFlt)' theusaflel sellars ef its eash er iFlvestmeRts at aFlY ORe time aetweeR January <br />1, 1999, aRd JaflHary 1, 1991, iR eaFlHeetioR with t"'e issHaaee of bonds to finanee <br />small v/ater reSeHrGeS f)rejeets. <br /> <br />SECTION 2. 37-95-107 (8), Colorado Revised Statutes, is amended to read: <br /> <br />37-95-107. Study of proposed projects - authorization thereof. (8) The provisions <br />of this section shall not apply to any small water resources project; except that, bef.ore <br />IN THE CASE OF any small water resources project whieh THAT consists of or <br />includes raw water diversion or storage facilities, eaR reeeive eonsiEleration f.or <br />fiRafleiRg 13y the eeare, the BOARD SHALL PROMPTLY FOR WARD A COPY OF <br />THE PROJECT LOAN APPLICATION TO THE Colorado water conservation board <br />ffiblst first reT:ie'N a fJrejeet summary fer Sl.:lGR small "'.vater reS8urees flrojeet and <br />praHl.fltly ferwara its reeemmeaeatisR eOResmiRg the projeet ar the pattieH thereaf <br />','"hish inelHees ra.YI water faeilities ta t"'e Ell:Jthority's baara of direstors, SHe'" ]3rojeet <br />sammery shall iRelaae a aeseriptieR of the projeet aHa the ReeEls ana ]3l:H']3oses it will <br />serle, the aeterminatisn efteehnieal feasibility, afI estimate afprojeet easts, and the <br />prefJ8sed fiaaHeial plaR fer tae prejeet FOR INFORMATIONAL PURPOSES. <br /> <br />SECTION 3. 37-95-116 (1), Colorado Revised Statutes, is amended to read: <br /> <br />37-95-116. Annual report - annual audit - annual budget. (1) On or before Mareh <br />* APRIL 30 of each year, the authority shall make an annual report of its activities <br />for the preceding fiscal year to the governor, the Colorado water conservation board, <br />and the general assembly. Each such report shall set forth a complete operating and <br />financial statement covering its operations during the year. Included within such <br />report shall be detailed financial data setting forth the manner in which any <br />previously appropriated state funds have been used. The authority, no later than <br />November 30 of each year, shall report to the governor and the general assembly any <br />requests for state funds for the upcoming state fiscal year, detailing the purposes for <br />which said funds are to be utilized. <br /> <br />. SECTION 4. 37-95-123, Colorado Revised Statutes, is amended to read: <br /> <br />. <br /> <br />http://www.state.co.us/gov_dir/leg_dir/sessI998/sbills98/sb078.htm <br /> <br />1/2l198 <br />