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<br />Flood Protection <br /> <br />The Flood Protection Program is directed in S 37-60-106(1) C.R.S. (1990) to prevent <br />flood damages, review and approve floodplain designations prior to adoption by local <br />government entities, and provide local jurisdictions with technical assistance and <br />floodplain information. <br /> <br />State statutes encolirage operations, research, experimentation, and development in the <br />field of weather modification. These statutes require that operations be carried out with <br />proper safeguards and by non-state governmental entities. The authority for carrying out <br />this statute was given to the DNR Executive Director who has delegated this <br />responsibility, up to the point of issuing a permit, to the CWCB (36-20-101 to 36-20-127 <br />C.R.S.) <br /> <br />In 2002, the General Assembly created a Watershed Protection Fund to be fmanced with <br />money from an annual tax check-off. The Fund was created because protecting the <br />natural heritage and quality of life in Colorado are of fundamental importance and locally <br />based collaborative approaches to the restoration and protection oflands and natural <br />resources within Colorado's watersheds can be and should be conducted in concert with <br />economic development. The CWCB manages these funds in cooperation with the <br />Colorado Water Quality Control Commission and in consultation with the Colorado <br />Watershed Assembly in the annual distribution of grants (39-22-240 I to 39-22-2403 <br />C.R.S.). <br /> <br />The CWCB must also implement Executive Orders related to Flood Protection: <br /> <br />. An August I, 1977 Executive Order requires the CWCB and Land Use <br />Commission to provide assistance to entities in meeting the requirements of the <br />National Flood Insurance Program. <br />. An October I, 1977 Executive Order designating the CWCB as the state agency <br />responsible administering duties and responsibilities associated with the National <br />Flood Insurance Program in Colorado. . <br /> <br />Water Suuuly Planning and Finance <br /> <br />The CWCB Construction Fund was created by the Colorado General Assembly in 1971 <br />to provide low interest loans to water users in the development of water resource projects. <br />The fund and its use are governed by S 37-60-121 tluough 125 C.R.S. The CWCB <br />Construction Fund is a partially self-supporting revolving loan fund. Sources of revenue <br />are from the return of principal and interest on outstanding loans, interest earned on the <br />cash balance ofthe fund tluough investments by the state Treasurer, mineral lease fund <br />distributions, and occasional cash transfers from the General Assembly. The types of <br />projects that are eligible for funding are specified by state statute. <br /> <br />Page 3 of 4 <br />