Laserfiche WebLink
<br />" <br /> <br />ENTERED INTO IN 1949. <br /> <br />" <br /> <br />(b) ON DECEMBER 7, 2004, THE UNITED STATES SUPREME COURT <br />ISSLTED /,,~ FIN.A!., Rt..T!.!!'-TG IN THE LONG-ST_A_NDTNG TNTFR~~ATE DTSPIITE OVER <br />THE USE OF THE ARKANSAS RIVER. THE COURT'S RULING INCLUDED THE <br />METHODOLOGY TO BE USED IN CALCULATING THE PREJUDGMENT INTEREST <br />ON DAMAGES THAT THE STATE OF KANSAS INCURRED, AND THEREBY <br />DIRECTED HOW THE DETERMINATION OF THE TOTAL AMOUNT OF THE DAMAGE <br />AWARD TO KANSAS WOULD BE CALCULATED. <br /> <br />. <br /> <br />(c) ON APRIL 7, 2005, THE GOVERNOR OF COLORADO NOTIFIED THE <br />GENERAL ASSEMBLY THAT THE ACTUAL DAMAGES IN THE KANSAS V. <br />COLORADO LAWSUIT WERE ESTABLISHED. <br /> <br />(2) THE GENERAL ASSEMBLY FURTHER FINDS AND DECLARES THAT <br />THE INTENT OF THIS PART 5 IS TO APPROPRIATE THE NECESSARY MONEYS TO <br />THE DEPARTMENT OF LAW TO ENABLE THE DEPARTMENT TO PAY THE TOTAL <br />AMOUNT OF DAMAGES THAT THE STATE OF COLORADO OWES TO THE STATE <br />OF KANSAS AND TO PAY FOR KANSAS' LEGAL COSTS INCURRED IN <br />ASSOCIATION WITH THE KANSAS V. COLORADO LmGATION, IN THE EVENT <br />THAT COLORADO IS OBLIGATED TO PAY SUCH LEGAL COSTS. <br /> <br />24-31-502. Kansas v. Colorado plaintiff's damages payment fund <br />and plaintiff's legal costs fund - creation. (1) THERE IS HEREBY CREATED <br />IN THE STATE TREASURY THE KANSAS V. COLORADO PLAINTIFF'S DAMAGES <br />PAYMENT FUND. THE FUND SHALL CONSIST OF ALL MONEYS TRANSFERRED <br />TO THE FUND PURSUANT TO SECTIONS 39-29-109 (6) (a) AND (6) (b) AND <br />39-29-110 (4) (a), C.R.S. ALL INTEREST DERIVED FROM THE DEPOSIT AND <br />INVESTMENT OF MONEYS IN THE FUND SHALL BE CREDITED TO THE FUND. <br />THE MONEYS IN THE FUND SHALL BE SUBJECT TO ANNUAL APPROPRIATION BY <br />THE GENERAL ASSEMBLY TO THE DEPARTMENT OF LAW FOR THE PURPOSE OF <br />PAYING DAMAGES DUE TO THE STATE OF KANSAS PURSUANT TO KANSAS V. <br />COLORADO, 125 S. CT. 526, 160 1. ED. 2d 418 (2004). THE STATE <br />TREASURER SHALL TRANSFER ANY MONEYS REMAINING IN THE FUND ON JULY <br />1, 2006, TO THE LOCAL GOVERNMENT SEVERANCE TAX FUND CREATED IN <br />SECTION 39-29-110 (1) (a) (I), C.R.S. <br /> <br />. <br /> <br />(2) THERE IS HEREBY CREATED IN THE STATE TREASURY THE KANSAS <br />V. COLORADO PLAINTIFF'S LEGAL COSTS FUND, WHICH SHALL CONSIST OF ALL <br />MONEYS TRANSFERRED TO THE FUND PURSUANT TO SECTION 39-29-109 (6) <br />(c), c.R.S. ALL INTEREST DERIVED FROM THE DEPOSIT AND INVESTMENT OF <br /> <br />PAGE 2-SENATE BILL 05-226 <br /> <br />e <br />