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<br />,0- <br /> <br />. <br /> <br />. <br /> <br />-" <br /> <br />Colorado Water Conservation Board <br />Attention: Ms. Jan lilian, Contract Administrator <br />CWCB/CRWCD Grant Contract <br />June 23, 1995 <br />Page Two <br /> <br />4. The Grant Contract will be valid and binding against the River District if <br />properly and timely entered executed by the State (Colorado Water <br />Conservation Board). <br /> <br />This opinion is subject to the qualifications which follow. <br /> <br />1. This opinion is not a guarantee of the River District's future performance of <br />obligations under the Grant Contract but only an opinion as to the matters <br />stated above. <br /> <br />2. This opinion is based upon the current state of the law concerning the River <br />District's statutory authorities under its Organic Act (referenced above) and <br />other relevant Colorado law and constitutional and statutory restrictions on <br />governmental contracting, particularly including the application of the so- <br />called "TABOR" Amendment (Colorado Constitution Article X, Section 20). <br />As of this date there are few judicial interpretations of TABOR, including its <br />definition of "enterprise." This opinion does not guarantee that the River <br />District's Colorado River Water Projects Enterprise will, under future judicial <br />interpretations, constitute an "enterprise" under TABOR or other Colorado <br />law, <br /> <br />3. This opinion is based in part upon the River District's official records <br />maintained by the District's Secretary-Engineer. <br /> <br />Sincerely, <br /> <br />~411W/# <br /> <br />David C, Hallford <br />General Counsel <br /> <br />DCH/eb <br /> <br />c: Theodore L. Brooks <br />Roland C, Fischer <br />