Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />power, and any related recreational facilities by and with any <br />agency or political subdivision of this state or the federal <br />government, with individuals, with cDrporations, or with <br />organizations composed of citizens of this state, Any such <br />contracts may provide for such charges to the using entity as, in <br />the opinion of the board, are necessary and reasonable to reCDver <br />the board's capital investment, together with operational, <br />maintenance, and service charges over the term of years agreed <br />upon by contract, SERVICE CHARGES SHALL BE ASSESSED AT NO ~ESS <br />THAN 'IVE PERCENT, Any such charges so collected shall be <br />credited to and made a part of the CDlorado water conservation <br />board construction fund. Allor any portion of the costs <br />attributable to flood control and recreation may be considered <br />nonreimbursable in the discretion of the board, but only to the <br />extent approved by the general assembly as specified in sectiDn <br />37-60-122. <br /> <br />SECTION 3. 37-60-121 (1) and (4), Colorado Revised Statutes <br />1973, as amended, are amended to read: <br /> <br />37-60-121. Colorado water conservation board construction <br />fund - creation OT - nature of fund - Tunds Tor lnvestlOatlons - <br />contributlons. (1) (a) Tnere is hereby created a Tund to be <br />known as the Colorado water conservation board construction fund, <br />which shall consist of all moneys which may be appropriated <br />thereto by the general assembly or which may be otherwise made <br />available to it by the general assembly and such charges that may <br />becom~ a part thereof under the terms of section 37-60-119. ALL <br />INTEREST EARNED FROM THE INVESTMENT OF MONEYS IN THE FUND SHALL <br />BE CREDITED TO THE FUND AND BECOME A PART THEREOF. Such fund <br />shall be a continuing fund to be expended in the manner specified <br />in section 37-60-122 and shall not revert to the general fund of <br />the state at the end of any fiscal year.' <br /> <br />(b) IN THE CONSIDERATION OF MAKING EXPENDITURES FROM THE <br />FUND, THE BOARD SHALL BE GUIDED BY THE FOLLOWING CRITERIA: <br /> <br />(I) APPROXIMATELY TWO-THIRDS OF THE MONEYS AVAILABLE TO THE <br />FUND SHALL BE DEVOTED TO PROJECTS WHICH WILL INCREASE THE <br />BENEFICIAL CONSUMPTIVE USE OF COLORADO'S COMPACT ENTITLED WATERS; <br /> <br />(II) THE BALANCE OF THE MONEYS AVAILABLE TO THE FUND SHALL <br />BE DEVOTED TO PROJECTS FOR THE REPAIR AND REHABILITATION OF <br />EXISTING WATER STORAGE AND DELIVERY SYSTEMS; <br /> <br />(III) THE BOARD'S PARTICIPATION IN THE CONSTRUCTION COST OF <br />A PROJECT SHALL GENERALLY BE LIMITED TO FIFTY PERCENT OF A <br />PROJECT'S TOTAL COST. THE BOARD'S COSTS OR ITS PARTICIPATION IN <br />ANY FEASIBILITY STUDIES SHALL BE REPAID TO THE BOARD WHEN <br />CONSTRUCTION ON A PROJECT COMMENCES; <br /> <br />(IV) THE BOARD SHALL PARTICIPATE IN ONLY THOSE PROJECTS <br />WHICH CAN REPAY THE BOARD'S INVESTMENT, GRANTS SHALL NOT BE <br /> <br />PAGE 2~SENATE BILL NO, 439 <br />