BOARD01703

• Board Meeting Date: 5/5/1981
• Description: CWCB Meeting
• Board Meetings - Doc Type: Meeting

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upon by contract. CHARGES SHALL BE ASSESSED AT NO LESS THAN FIVE

PERCENT. ,
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Any such

charges so collected shall be credited to and made a part of the
Colorado water conservation board construction fund. Allor any
portion of the costs attributable to flood control and recreation
may be considered nonreimbursable in the discretion of the board,
but only to the extent approved by the general assembly as
specified in section 37-60-122.
SECTION J.. 37-60-l2l (1) and (4), Colorado Revised Statutes

1973, as amended, ~ amended to read:
37-60-l2l. Colorado water conservation board construction'

fund - creation of - nature of fund - funds for investigations -

contributions. (1) (a) There is hereby created a fund 'to be

known as the Colorado water conservation board construction fund,

which shall consist of all moneys which may be appropriated

thereto by the general assembly or which may be otherwise made

available to it by the general assembly and such charges that may

become a part thereof under the terms of section 37-60-119. ALL

INTEREST EARNED FROM THE INVESTMENT OF MONEYS IN THE FUND SHALL
BE CREDITED TO THE FUND AND BECOME A PART THEREOF. Such fund

shall be a continuing fund to be expended in the manner specified

in section 37-60-122 and shall not revert to the general fund of

the state at the end of any fiscal year.

(b) IN THE CONSIDERATION OF MAKING EXPENDITURES FROM THE
FUND, THE BOARD SHALL BE GUIDED BY THE FOLLOWING CRITERIA:
(I) APPROXIMATELY TWO-THIRDS OF THE MONEYS AVAILABLE TO THE

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