BOARD02340

• Board Meeting Date: 1/27/1999
• Description: 1999 Colorado Legislative Activities - HB 99-1050 - Process and Funding for Development of Water Projects
• Board Meetings - Doc Type: Memo

,

.

I
2

(d) PRIOR TO PROVIDING FINANCIAL ASSISTANCE IN WHOLE OR IN
PART PURSUANT TO SECTION 37-60-205, THE COLORADO WATER

3 CONSERVATION BOARD SHALL HOLD AT LEAST ONE PUBLIC HEARING IN
4 BOTH THE AREA IN WHICH THE W ATERMADE AVAILABLE BY THE WORKS OR
5 FACILITIES WOULD BEUSED AND IN THE BASIN FROM WHICH WATER WOULD
6 BE EXPORTED.

7 37-60-205. Water conserVation board construction fund -
8 water needs assistance account. (I) THERE IS HEREBY CREATED A
9 SPECIAL ACCOUNT WITHIN THE COLORADOW ATERCONSERV ATION BOARD
10 CONSTRUCTION FUND, ESTABLISHED PURSlJANrTO SECTION 37-60- 12 I, TO
1 I BE KNOWN AS THE WATER NEEDS ASSISTANCE ACCOUNT. MONEYS IN THE
12 ACCOUNT SHALL BE APPROPRIATED BY THE GENERAL ASSEMBLY TO'THE
13 WATER CONSERVATION BOARD FOR. EXPENDITURE FOR MEETING THE

.

14

'.
DEVELOPMENT COSTS OF ALTERNATIVES IDENTIFIED PURSUANT TO SECTION

(
.

15 37-60-203 AND SHALL NOT BE AVAILABLE FOR ANY OTHER PURPOSE. ALL
16 . MONEY UNEXPENDED OR UNENCUMBERED IN ANY FISCAL YEAR SHALL

17 REMAIN IN THE ACCOUNT. ALL INTEREST EARNED FROM THE INVESTMENT
18 OF MONEYS IN SAID ACCOUNT SHALL REMAIN IN SAID ACCOUNT AND
19 BECOME A PART THEREOF. ANY TRANSFER FROM THE GENERAL FUND TO
20 TIllS ACCOUNT SHALL NOT BE SUBJECT TO THE LIMITATION OF GENERAL
2 I FUND APPROPRIATIONS FOUND IN SECTION 24-75-201.1, C.R.S.
22 (2) THE COLORADO WATER CONSERVATION BOARD SHALL MAKE
23 ANNUAL RECOMMENDATIONS TO THE GENERAL ASSEMBLY ON THE USE, IF
24 ANY, OF THE W ATERNEEDS ASSISTANCE ACCOUNT. USE OF TIllS ACCOUNT
25 SHALL INCLUDE, BUT NOT BE LIMITED TO, DEVELOPMENT OF STORAGE
26 FACILITIES OR IMPLEMENTATION OF OTHER MEASURES, OR PORTIONS

.

-8-