BOARD01810

• Board Meeting Date: 5/22/1995
• Description: Agenda or Table of Contents, Minutes, Memos
• Board Meetings - Doc Type: Meeting

board is authorized to loan to the city of Alamosa, out of any
moneys in the Colorado water conservation board construction fund
not .otherwi se appropri ated, up to four hundred ten thousand
doll ars ($410,000), for the purpose of cooperating with the United
States army corps of engineers in constructing a federally
authori zed fl ood contro 1 and water conservat i on conveyance channel
improvement project. Such funds shall assist the state of
Colorado and the city of Alamosa with the non federal cost-share
requirements for the project pursuant to section 37-60-106 (1)
(e), Colorado Revised Statutes. Such loan shall be repayable in
annual installments at four and one-half percent interest over a
term of up to fifteen years.

**** Up to $75,000 of the authorized funds may be used by the
Vouga Reservoir Assoc. to refinance an existing loan.

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SECTION 11. 37-60-121 '(2.5) (a) and (6) (d) (II), Colorado
Revised Statutes, 1990 Repl. Vol., as amended, are amended to
read:

37-60-121. Colorado water conservation board construction
fund - creation of - nature of fund - funds for investigations -
contributions use for augmenting the general fund.
(2.5) (a) The board is authorized to expend, pursuant to
continuous appropriation and subject to the requirements of
paragraph (b) of this subsection (2.5), a total sum not to exceed
four million dollars from the litigation account which is hereby
created in the Colorado water conservation board <;:onstruct ion
fund, for the purpose of litigation:

(I) In support of water users whose water supply yield is
or may be diminished or the cost of said yield is or may be
materially increased as a result of conditions imposed or which
may be imposed, INCLUDING BUT NOT LIMITED TO BY-PASS FLOWS, by any
agency of the United States on permits for existing or
reconstructed water facilities located on federally owned lands;
OR

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(II) TO OPPOSE AN APPLICATION OF A FEDERAL AGENCY FOR AN
IN-STREAM FLOW RIGHT THAT IS NOT IN COMPLIANCE WITH COLORADO LAW
FOR ESTABLISHING IN-STREAM FLOW RIGHTS.

(6) As of July 1, 1988, and July 1 of each year thereafter
through July 1, 1996, fifty percent of the sum specified in this
subsection (6) shall accrue to the fish and wildlife resources
account, which account is hereby created in the Colorado water
conservation board construction fund, twenty-five percent of such
sum shall accrue to the Colorado water conservation board
construction fund, and twenty-five percent of such sum shall
accrue to the Colorado water resources and power development
authority. The state treasurer and the controller shall transfer
such sum out of the general fund and into said fish and wildlife

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PAGE IO-HOUSE BILL 95-1155