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<br />~ <br /> <br />. , <br /> <br />. <br /> <br />. <br /> <br />SB 97-008, Section 14; Horse Creek Basin Account - Creation. <br /> <br />(1) There is hereby created in the State Treasury as part of the Colorado Water Conservation <br />Board Construction Fund the Horse Creek Basin Account. The State Treasurer is hereby <br />authorized and directed to transfer $915,000 (Nine hundred and Fifteen Thousand dollars) from <br />the Water Conservation Board Construction Fund to the Horse Creek Basin Loan Account. <br /> <br />(2) The Colorado Water Conservation Board is authorized to make loans from the Horse Creek <br />Basin Account to finance the costs of acquiring water rights for augmentation, the engineering <br />and legal costs of adjudication of an augmentation plan, and the costs associated with obtaining <br />an operating agreement to facilitate said augmentation plan for water users in the Horse Creek <br />Basin Area. The CWCB is authorized to contract, pursuant to section 37-60-119(2), Colorado <br />Revised Statutes, for the loans specified in this subsection(2). The loans shall be subject to an <br />interest rate and repayment period to be determined solely by the CWCB. The CWCB shall, <br />pursuant to section 37-60-120(1), require such terms and conditions in any contract entered into <br />pursuant to this subsection(2) that will ensure repayment of the loan. <br /> <br />(3) The Colorado Water Conservation Board is hereby authorized to loan the Horse Creek Water <br />Users Association the amount of $825,000 from the Horse Creek Basin Account, created in <br />subsection (1) of this section, pursuant to the terms and conditions of subsection(2) of this <br />section.--- .. ,., <br />