BOARD01816

• Board Meeting Date: 11/19/2001
• Description: CF Section - Proposed Statute Revisions Construction Fund and Severance Tax Trust Fund Perpetual Base Account
• Board Meetings - Doc Type: Memo

37-80.5-107. Repeal of article. THIS ARTICLE AND ANY RULES
PROMULGATED PURSUANT TO THIS ARTICLE ARE REPEALED, EFFECTIVE JULY
1,2007. ANY WATERS HELD BY THE BANK ON JULY 1, 2007, SHALL BBLONG
TO THE OWNER OF RECORD THEREOF AND BE SUBJECT TO DISPOSITION AS
PROVIDED UNDER ARTICLE 92 OF THIS TITLE.

(c) INSTITUTIONAL CONSTRAINTS UPON THE SUCCESSFUL USE OF
WATER BANKING WITHIN COLORADO;

(d) INTERSTATE COMPACT CONSTRAINTS UPON THE SUCCESSFUL USE
OF W ATFR BANKlNG WITHIN COLORADO;

(e) SOCIAL OR ECONOMIC CONSTRAINTS UPON THE SUCCESSFUL USE
OF W ATFR BANKlNG WITHIN COLORADO; AND

(f) ANY RECOMMENDED LIMITATIONS UPON THE USE OF WATER
BANKS WITHIN COLORADO, WITH SPECIFIC REFERENCE TO THE TIME, PLACE,
OR TYPE OF USE OF WATERS MADE A V AlLABLE UNDER SUCH RECOMMBNDED
LIMITATIONS AND THE LENGTH OF AGREEMENTS IMPLEMENTING THE SAME.

SECTION 2. 24-32-3203 (3) (c), Colorado Revised Statutes, is
amended to read:

24-32-3203. Office of smart growth - creation- power's and
duties of executive director. (3) The executive director shall have the
following powers and duties in administering this part 32:

(c) To review and approve applications for Colorado heritage
planning grants awarded by the office out of moneys in the fund in
accordance with the requirements of this part 32, and to determine the
amount of money to be awarded under each such grant. An application for
such a grant shall:

(I) Be submitted jointly by the governing bodies of at least two local
goven:unents; EXCEPT THAT APPLICATIONS REGARDING WATER BANKING
PURSUANT TO SUBPARAGRAPH (II) OF THIS PARAGRAPH (c) W>.Y ALSO BE
SUBMlTfEBSINGbY OR INCeMBINATlQN BY 11ffi GOVRRM:NG E,OD)" OFA
LOCAL GOVERNMENT OR BY AN IRRIGATION DISTRICT, DITCH COMPANY, OR
CONSERVANCY DISTRICT; and

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