BOARD01816 - Laserfiche WebLink

Home Browse Search

. , bank's transactions and administer the water without causing injury to vested water rights within the priority system if necessary with or without the need for adjudication; · the allowance of transaction fees to be charged to cover administration costs; , · the allowance of a SE or a public/private/coop partnership to exist in the administration of the bank. Other · Deposits to the water bank are voluntary and may be removed by the owner at any time prior to an actual transaction taking place subject to any relevant terms and conditions of the deposit. · The State Engineer is required to seek waivers or clarification of any Federal laws, rules or regulations that may impede the implementation of HB 1354. · Promulgation of the rules must be pursuant to must be in accordance with the Administrative Procedures Act, however, jurisdiction for judicial review lies in the Division 2 Water Court. Reporting requirements By November 1, 2005, the State Engineer shall file a report to the legislature and the Governor that discusses the effectiveness of the program, any eXisting legal, institutional, compact, and social or economic constraints on the use of water banking. The report is to also include any recommended limitations upon the use of water banks within Colorado. Repeal The laws described above are automatically repealed on July 1, 2007. Water left in the bank at this time reverts back to the owner of record. Office of Smart Growth House Bill 1354 also indicates that applications for dollars out of the Colorado heritage planning grantari38vajjaele-andis less restrictiveJn the application process in that applications for water banking may be submitted singly or in combination with local government, irrigation district, ditch company or conservancy district. Local government in connection with this Act includes irrigation districts, ditch companies and conservancy districts.