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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37-96-102. Purposes of the fund.

(1) In order that the

02 people of the state of Colorado may, as a matter of statewide

03 concern, have and enjoy the perpetual use of those waters

04 apportioned to the state of Colorado by interstate compact,

05 and in order to dispose of any current or future claims for

06 compensation, compensatory storage, damages, or mitigation of

07 damages originating within the basin' of origin because of

08 present or future transbasin diversions, notwithstanding any

09 provision of section 37-45-118 (l)(b)(IV), of part 5 of

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article 65.1 of title 24, C.R.S., or of any other law to the

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contrary, fifteen percent of the annual revenues credited to

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the fund pursuant to section 39-26-123.2, C.R.S., together

13 with the interest accruing from the investment thereof, shall

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be used to plan and construct reservoirs and related

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facilities in western CoIorado with a collective available

16 capaci ty of not less than three hundred thousand acre-feet,
17 excluding the available capacity of the Animas-La Plata

18 participating project of the Colorado river storage project,
19 of which amount not less than two hundred twenty-five thousand

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acre-feet shall be available exclusively for future uses in

western Colorado and not less that seventy-five thousand

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acre-feet shall be available to make exchanges or compact

23 deliveries required to accomodate diversions from the Colorado

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river basin for uses outside the basin within the state of

Colorado.

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(2) (a) At the end of each fi scal year, five percent of

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the annual revenues credited to the fund pursuant to section

-2-