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<br />.' <br /> <br />1 division engineer shall ensure THAT the following conditions are met: <br /> <br /> <br />2 (III) The proposed use of the loaned water right is for <br /> <br /> <br />3 AGRlCUL TURAL IRRIGATION PURPOSES OR FOR instream flow purposes BY <br /> <br /> <br />4 THE COLORADO WATER CONSERVATION BOARD; <br /> <br />5 <br /> <br /> <br />6 (VI) The division engineer, after consideration of any comments <br /> <br /> <br />7 received, has determined that the operation and administration of the <br /> <br /> <br />8 proposed loan will not cause matelial injury to other DECREED water <br /> <br />9 rights or in1pact AND FOR LOANS MADE PURSUANT TO PARAGRAPH (a) OF <br /> <br /> <br />10 THIS SUBSECTION (2), WILL NOT AFFECT Colorado's compact entitlements. <br /> <br /> <br />11 The division engineer shall impose such terms and conditions as are <br /> <br /> <br />12 necessary to ensure that these standards are met. In making the <br /> <br /> <br />13 determinations specified in this subparagraph (VI), the division engineer <br /> <br /> <br />14 shall not be required to hold any formal hearings or conduct any other <br /> <br /> <br />15 formal proceedings, but may conduct a hearing or formal proceeding if <br /> <br />16 the division engineer finds it necessary to address the issues. <br /> <br /> <br />17 (VII) The division engineer shaH approve or deny the proposed <br /> <br />18 loan within twenty days after the date of mailing of notice under <br /> <br /> <br />19 subparagraph (II) of this paragraph (b), or within five days after the <br /> <br /> <br />20 applicant provides evidence that aH persons entitled to notice of the <br /> <br /> <br />21 application under subparagraph (II) of this paragraph (b) have either <br /> <br /> <br />22 consented to or commented on the application, WHICHEVER IS EARLIER. <br /> <br />23 SECTION 2. Appropriation. In addition to any other <br /> <br /> <br />24 appropriation. there is hereby appropriated. out of any moneys in the <br /> <br />25 ground water management cash fund created in section 37-80-111.5. <br /> <br /> <br />26 Colorado Revised Statutes. not otherwise appropriated. to the department <br /> <br /> <br />27 of natural resources. for allocation to division of water resources. for the <br /> <br />-3- <br /> <br />032 <br />