BOARD01864

• Board Meeting Date: 11/23/1998
• Description: CF Section - Statutory Purposes of the CWCB Construction Fund
• Board Meetings - Doc Type: Memo

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807

Colorado Water Conservation Board

37-60-121

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account. which account is hereby created in the Colorado water conservation board con-
struction fund. twenty-five percent of such sum shall accrue to the Colorado water conser-
vation board construction fund. and twenty-five percent of such sum shall accrue to the Col-
orado 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
resources account. construction fund, and authority as moneys become available in the gen-
eral fund during the fiscal year beginning on said July 1. Transfers between funds pursuant
to this subsection (6) and subsection (7) of this section shall not be deemed to be appropri-
ations subject to the limitations of section 24-75-201.1, C.R,S. Subject to the provisions of
subsection (7) of this section, the amount which shall accrue pursuant to this subsection (6)
shall be as follows:
(a) On July 1.1988, five million dollars;
(b) On July 1, 1989, four hundred thousand dollars which, notwithstanding the intro-
ductory portion of this subsection (6). shall accrue exclusively to the fish and wildlife
resources account in the Colorado water conservation board construction fund.
(c) On July 1, 1990, one million dollars, which, notwithstanding the introductory portion
of this subsection (6), shall accrue exclusively to the fish and wildlife resources account in
the Colorado water conservation board construction fund to be expended exclusively for
Muddy Creek project fish and wildlife mitigation purposes.
(d) On July 1, 1994, thirty million dollars. In distributing said sum, the formula in the
introductory portion to this subsection (6) shall not apply, and said sum shall accrue as
follows:
(I) Ten million five hundred thousand dollars to the Colorado water conservation
board construction fund;
(II) (A) Four million five hundred fifty-two thousand nine hundred sixty dollars to
the fish and wildlife resources account in the Colorado water conservation board con-
struction fund,
(B). Two hundred seventy-eight thousand eight hundred twenty-eight dollars of the sum
specified in sub-subparagraph (A) of this subparagraph (II) may be expended exclusively
for purposes related to the Wolford Mountain Reservoir project, previously known as the
"Muddy Creek project". . .
(III) One million five hundred thousand dollars to the Colorado water resources and
power development authority;
(IV) Six million two hundred thousand dollars to the domestic water supply project
revolving fund created in section 37-95-107.7, C.R,S.;
(V) Two million eight hundred thousand dollars to the Colorado water conservation
board construction fund for a portion of the construction costs of the ridges basin dam of
the Animas-La Plata project;
(VI) Four hundred forty.seven thousand forty dollars to the Colorado water conserva-
tion board construction fund for activities relating to the Arkansas river litigation; and
(VII) Four million dollars to the litigation account created in subsection (2.5) of.this
section in the Colorado water conservation board construction fund.
(e) and (f) (Deleted by amendment, L. 94, p. 1371, ~ 1. effective May 25, 1994,)
(6.1) In order to eliminate any doubt as to the effect of the delay in transferring mon-
eys originally scheduled to be transferred as of July 1,1989, the general assembly hereby
authorizes the Colorado water conservation board, pursuant to section 37-60-122 (1) (b),
and notwithstanding the said delay, to enter into a binding agreement with the secretary of
the United States department of the interior to contribute, on a nonreimbursable basis, five
million six hundred thousand dollars for the construction of the Ridges Basin dam of the
Animas-La Plata project, said sum to be expended from such moneys as are or may here-
after become available to the Colorado water conservation board construction fund, and
hereby reaffirms its authorization for the Colorado water resources and power develop-
ment authority to proceed to consider the Ridges Basin dam of the Animas-La Plata pro-
ject contained in Senate Joint Resolution No.6. passed at the 1982 regular session of the
general assembly. with the expectation that the share of the authority for the Ridges Basin
dam will not exceed two million eight hundred thousand dollars, which sum is in addition to
those sums previously committed by the authority to the Animas-La Plata project.
(7) As of July 1, 1988, the state treasurer and the controller shall transfer the five mil-
lion dollars specified in paragraph (a) of subsection (6) of this section t~ the water rights