FLOOD02593

• County: Statewide
• Community: State of Colorado
• Basin: Statewide
• Title: Water Project Development Financing Needs
• Date: 10/16/1986
• Floodplain - Doc Type: Educational/Technical/Reference Information

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Alliance Proposal - REVISED 1-7-86
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04 ~ it enacted ~ the General Assembly of the State of Colorado:

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SECTION 1.

Title 37, Colorado Revised Statutes, as

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amended, is amended BY THE ADDITION OF A NEW ARTICLE to read:
ARTICLE: 96

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Colorado Water Resources Development Fund
37-96-101. Colorado water resources development fund -

creation.

(1) There is hereby created a fund, to be known as

the Colorado water resources development fund and referred to

in this article as the "fund", which shall consist of all

13 moneys credited thereto pursuant to section 39-26-123.2 ( 1 ) ,

14 C.R.S., and of all moneys which may be otherwise made available

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to it by the general assembly.

All interest earned from the

investment of moneys in the fund shall be credited to the fund

and shall become a part thereof.

The fund shall be a

continuing fund and it shall not revert to the general fund of

the state at the end of any fiscal year.

The fund shall be

20 expended for the purposes and in the manner set forth in

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section 37-96-102 and in accordance with the priorities
specified in section 37-96-103.

(2)

Following the close of any fiscal year in which the

24 moneys in the fund exceed three hundred million dOllars, after
25 the transfer of moneys required by subsection (2)(a) of section
26 37-96-102 and excluding any amount held in the fund pursuant to

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subsection (1) of section 37-96-102, such excess shall be
credited to the capital construction fund created by section
24-75-302, C.R.S.

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ed
(re/drt)