BOARD00908

• Board Meeting Date: 7/23/2002
• Description: Special Session Report
• Board Meetings - Doc Type: Memo

PROJECTS SHALL COMPRISE THE INTEGRATED WATER 'INFRASTRUCTURE FACILITIES. THE RECOMMENDATI04
SHALL: .
(a) ENCOURAGE A COOPERATIVE APPROACH TO WATER SUPPLY TO MEET THE DEMAND OF THE STATE'S
CYCLES OF DROUGHT;
(b) FOSTER A SYSTEM INTEGRATION APPROACH TO WATER SUPPLY PLANNING;
(e ) REASONABLY PROTECT THE ENVIRONMENT OF THE BASIN OF ORIGIN AND BASIN OF USE;
(d) PROMOTE A COST-EFFECTIVE APPROACH TO THE PROVISION OF WATER SUPPLIES;
(e) ENCOURAGE PRIVATE ENTERPRISE AND LOCAL GOVERNMENTAL ENTITIES IN THE PLANNING,
DEVELOPMENT, CONSTRUCTION, AND USE OF THE INTEGRATED WATER INFRASTRUCTURE FACILITIES;
(f) PROVIDE THAT NO CURRENT IRRIGATED AGRICULTURE WILL BE TAKEN OUT OF PRODUCTION IN
EITHER THE BASIN OF ORIGIN OR THE BASIN OF USE TO ACHIEVE THE DELIVERY GOALS;
(g) COMMENCING IN 2008, MAKE AVAILABLE FOR DELIVERY TO THE BASIN OF USE WATER FOR POSSIBLE
ENDANGERED SPECIES REQUIREMENTS, IF ANY, IN ADDITION TO WATER FOR TRADITIONAL RECOGNIZED
CONSUMPTIVE USES;
(h) COMMENCING IN 2010, MAKE AVAILABLE FOR DELIVERY FROM WATER DIVISION 4 OR 5 ON AN
AVERAGE ANNUAL BASIS A MINIMUM OF ONE HUNDRED TWENTY THOUSAND ACRE-FEET OF WATER FOR
BENEFICIAL USE IN WATER DIVISIONS 1 AND 2, WITH PREFERENCE GIVEN TO PROJECTS THAT GIVE PRIORITY TO
WESTERN SLOPE NEEDS;
(i) COMMENCING IN 2012, MAKE AVAILABLE ON AN AVERAGE ANNUAL BASIS FOR BENEFICIAL USE IN
WATER DIVISIONS 4 AND 5 AN AMOUNT OF WATER THAT REFLECTS EXISTING OR REASONABLY FORESEEABLE
FUTURE NEEDS, BUT WHICH IN NO EVENT EXCEEDS TIDRTY-THREE PERCENT OF THE WATER THAT IS DELIVERED
ON AN AVERAGE ANNUAL BASIS TO WATER DIVISIONS 1 AND 2, WITH PREFERENCE GIVEN TO PROJECTS THAT GIVE
PRIORITY TO WESTERN SLOPE NEEDS; AND
(j) COMPLY WITH THE PROVISIONS OF SECTION 37-60-122.2.
(2) THE BOARD'S RECOMMENDATION TO THE GENERAL ASSEMBLY REGARDING THE INTEGRATED WATE.
INFRASTRUCTURE FACILITIES UNDER THIS SECTION SHALL TAKE THE FORM OF A FEASIBILITY STUDY PURSUAN
TO SECTION 37-60-122 (1) (e). THE BOARD MAY NEGOTIATE AND CONSULT WITH THE COLORADO HOUSING AND
FINANCE AUTHORITY IN PREPARING THE ECONOMIC COMPONENT OF THE FEASIBILITY STUDY AND, IF FEASIBLE,
MAY RECOMMEND TO THE GENERAL ASSEMBLY THAT THE AUTHORITY ISSUE BONDED INDEBTEDNESS TO
FINANCE, WHOLLY OR IN PART, THE FACILITIES. THE RECOMMENDATION SHALL CONTAIN BUT NOT BE LIMITED
TO A TIMELlNE FOR THE COMPLETION OF THE FACILITIES, INCLUDING AN ANALYSIS OF ANY POTENTIAL
IMPEDIMENTS ASSOCIATED WITH OBTAINING ANY NECESSARY FEDERAL PERMITS.
(3) IF THE GENERAL ASSEMBLY APPROVES :THE INTEGRATED WATER INFRASTRUCTURE FACILITIES
RECOMMENDED PURSUANT TO THIS SECTION BY BILL, :THE GENERAL ASSEMBLY SHALL ALSO APPROVE BY BILL
FINANCING PLANS THAT PROVIDE FOR EITHER DIRECT FUNDING BY ASSESSING THE COST, WHOLLY OR IN PART,
THROUGH ASSESSMENTS, CHARGES, OR FEES UPON PROPERTY OR CITIZENS BENEFITED BY SUCH FACILITIES, OR
FINANCING THROUGH THE ISSUANCE OF BONDED INDEBTEDNESS BY THE COLORADO HOUSING AND FINANCE
AUTHORITY IN ACCORDANCE WITH SECTION 29-4-710.8, C.R.S., OR BOTH. IF THE GENERAL ASSEMBLY
APPROVES FINANCING PLANS THAT REQUIRE THE ISSUANCE OF BONDED INDEBTEDNESS BY THE AUTHORITY, THE
GENERAL ASSEMBLY SHALL, AFTER DUE CONSIDERATlQN OF THE RECOMMENDATION SUBMITTED BY THE BOARD,
SPECIFY BY BILL THE MAXIMUM AGGREGATE AMOUNT pF BONDS TO BE ISSUED, WHETHER THE BONDS ARE TO BE
ISSUED AS GENERAL OBLIGATION BONDS OF THE AUTH0RITY, AND IF NOT, WHICH REVENUE STREAMS TO BE USED
TO MAKE PRINCIPAL AND INTEREST PAYMENTS ON THJ;i BONDS AND DEFRAY ANY COSTS ASSOCIATED WITH THE
ISSUANCE OF THE BONDS. HOWEVER, IN NO CASE SHALL:
(a) REVENUES OF THE STATE, INCLUDING ANY SURPLUS MONEYS UNDER SECTION 20 OF ARTICLE X OF
THE STATE CONSTITUTION, OTHER THAN ANY STATE REVENUES DERIVED FROM ASSESSMENTS, CHARGES, OR FEES
UPON PROPERTY OR CITIZENS BENEFITTED BY THE INTEGRATED WATER INFRASTRUCTURE FACILITIES FINANCED
BY THE BONDS, BE USED, ENCUMBERED, OR COMMITTED UNDER THIS SECTION;
(b) ANY HOLDER OF BONDS ISSUED BY THE AUTHORITY LOOK TO ANY OTHER REVENUES OF THE STATe
FOR THE PAYMENT OF THE BONDS; AND '
(e) ANY BONDS ISSUED BY THE AUTHORITY BE'DEEMED TO CONSTITUTE" A DEBT BY LOAN IN ANY FORM"
UNDER SECTION 3 OF ARTICLE XI OF THE STATE CONSTITUTION BECAUSE SUCH BONDS ARE NOT A LEGALLY
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