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<br /> <br />- <br /> <br />e <br /> <br />of such storage as a drought substitute water supply plan. <br />Requires the state engineer to cooperate with entities seeking <br />approval pursuant to federal law to share the use of federal water <br />facilities during droughts. Requires state agencies to cooperate with <br />entities seeking rights to easements for ditches and ownership for <br />reservoir sites. <br />Authorizes the expenditure of$3 million from the Colorado water <br />conservation board construction fund for implementation of the statewide <br />water supply initiative as approved by the water conservation board. <br />Authorizes the department oflocal affairs to provide technical assistance <br />to local government water providers to implement tiered billing systems <br />that show customers' water usage. <br /> <br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br /> <br />Be it enacted by the General Assembly of the State of Colorado: <br />SECTION 1. 37-95-109 (1), Colorado Revised Statutes, IS <br />amended to read: <br /> <br />37-95-109. Bonds or notes - issuance -terms.. (1) The authority <br /> <br />has the power and is hereby authorized from time to time to issue its <br /> <br />bonds or notes in such principal amounts as in the opinion of the board <br /> <br />7 are necessary to provide sufficient funds for any of its corporate <br /> <br />8 purposes, including the .payment, funding; or refunding of the principal <br /> <br /> <br />9 of, or interest or redcmptionpremiumson, any bonds or notes issued by <br /> <br />10 it, whether the bonds or notesorintereshobe funded()r refunded have <br /> <br />II or have not become due, and including the establishrnellt orincrease of <br /> <br /> <br />12 sllch reserves to secure or to pay such bonds or notes or interest thereon <br /> <br />13 and all other costs or expenses of the authority incident to and necessary <br /> <br />14 to carry out its corporate purposes and powers. THE AUTHORITY SHALL <br /> <br />15 SUBSIDIZE SOME OR ALL OF THE COST OF .ISSUANCE OF BONDS AND NOTES <br /> <br /> <br />16 PURSUANT TO THIS ARTICLE FOR PROJECTS,lNCWDlNGSMALL WATER <br /> <br /> <br />17 RESOURCES PROJECTS, TO BUILD WATER MANAGEMENT FAC1L:1TlESTHAT <br /> <br />18 ARE.RAW WATER DIVERSION OR STORAGE PROJECTS THAT ARE JOINTLY <br /> <br />e <br /> <br />19 <br /> <br />SPONSORED BY TWO OR MORE GOVERNME,NTAL AGENCIES THAT DO NOT <br /> <br />-2- <br /> <br />1001 <br />