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<br />Rule 10,
<br />
<br />Rule 11,
<br />
<br />Rule 12,
<br />
<br />B,
<br />C,
<br />
<br />delivery of water per the terms and conditions of approval for the
<br />account and the agreement being implemented,
<br />In cooperation with the State and Division Engineers, the water
<br />bank shall develop credit and debit accounting,
<br />All transit losses will be determined by the State Engineer pursuant
<br />to section 37-83-104, C,R.S,
<br />Evaporative losses shall be determined by the State Engineer
<br />pursuant to section 37-80-102(7), C,R.S,
<br />Exchange operations necesiSaryfor the delivery of water made
<br />available through the water bank shall be evaluated and approved
<br />in accordance with 37-83-104, C,R.S,
<br />
<br />D,
<br />
<br />E,
<br />
<br />Reporting Requirements.
<br />
<br />A.
<br />
<br />The bank, in cooperation with the State and/or Division Engineers,
<br />will publish monthly summaries of the bank's transactions on the
<br />water bank's and Colorado Division of Water Resource's web sites,
<br />Paper copies of such summaries will also be made available to the
<br />pUblic at the State Engineer's Office main office in Denver as well
<br />as the Water Division 2 Field Office in Pueblo,
<br />By November 1, 2005, the State Engineer shall file a report to the
<br />legislature and the Governor that discusses the effectiveness of the
<br />water banking pilot program, This report will include a discussion of
<br />any existing legal, institutional, compact and social or economic
<br />constraints on the use of water banking, The report will also
<br />include any recommended limitations upon the use of water banks
<br />within Colorado,
<br />
<br />B,
<br />
<br />Pilot Project Time Limitation.
<br />
<br />These rules effectuate the laws ;setforth in sections 37-80,5-101 et
<br />seq" C,R.S, (2001), In accordance with the nature of the pilot
<br />project set forth therein, that law and these rules are repealed
<br />automatically on July 1,2007, Any water left in the bank at that
<br />time shall immediately revert back to the owner of record,
<br />
<br />If any part of these rules is found to be invalid by a court of law, the
<br />remaining rules shall remain in full force and effect.
<br />
<br />IT IS FURTHER ORDERED that these rules shall become effective on the
<br />_ day of ,2002 and shall remain in effect until amended as provided
<br />by law, or until June 30, 2007, whichever date comes first. Any person wishing
<br />to protest these rules may do so in the manner provided in 24-4-101 et seq"
<br />C.R,S" (the State Administrative Procedure Act); however, the protest must be
<br />filed with the Water Court for Water Division No, 2 in Pueblo, Colorado,
<br />
<br />a
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