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<br />l <br /> <br />. <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />-5- <br /> <br />SECTION 29. 37-60-119 (2) and (3), Colorado Revised Statutes, are amended to read:, <br /> <br />37-60-119. Construction of water and power facilities - contracts with and charges <br />against users. (2) The board may, subject to the provisions in section 37-60-122, enter into <br />contracts for the use of, or to loan moneys to enable the construction, rehabilitation, <br />enlargement, or improvement of, said flood control, water, power, and any related <br />recreational facilities, excluding domestic water treatment and distribution systems, with <br />any agency or political subdivision of this state or the federal government, with individuals, <br />with corporations, or with organizations composed of citizens of this state. Any such <br />contracts may provide for such charges to the using entity as, in the opinion of the board, <br />are necessary and reasonable to recover the board's capital investment, together with <br />operational, maintenance, and interest charges over the term of years agreed upon by <br />contract. Interest charges shall be recommended by the board at between zero and seven <br />percent on the basis of the project sponsor's ability to pay and the significance of the <br />project to the development and protection of the water supplies of the state. Any Guoh <br />INTEREST charges 50 oolleoted shall be credited to and made a part of the Colorado water <br />conservation board construction fund. ANY OTHER CHARGES, AS DETERMINED <br />APPROPRIATE BY THE BOARD, SHALL BE CONTINUOUSLY APPROPRIATED TO THE <br />COLORADO WATER CONSERVATION BOARD FOR SUPPLEMENTAL OPERATIONAL <br />EXPENDITURES. <br /> <br />Flood Protection. Water Project Planning and Financing. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />