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<br />'022E s <br /> <br />, ' <br /> <br />) <br /> <br />-3- <br /> <br />use in this Act,. to the. end that, loans repaid will in time retire aU oonds issued <br /> <br />under this Acto <br /> <br />At the time all loans are-repaid and.there is no.longer a need for the use of this <br /> <br /> <br />. Act, such funds as then may be on hand shall be turned into the general fund of. <br /> <br /> <br />the state of Colorado as a replacement of the original appropriations; for the <br /> <br />adndnistering of this Act. <br /> <br />This Act shall be administe.red.c,y-aBoard to be !mown as the Colorado \'fateI' <br /> <br />Developing Revolving Fund Boardo rThis Board shall be Non=Partisan and'shall be <br /> <br />made up of appointed representatives .from the various water drainage ,basins. .as .' <br /> <br />here.....in-after set. forth, together with the following elected state and. appointed' <br />officials,to-'lVit, the Governor ofthe"State of Coloradoj who shall be.' the Ex"'- <br /> <br />OffiCio. ChairID9:n of the' Board? The Colorado Commissioner of Agricultures who 'shall ' <br />be Director. of. the 'Board. and 'Ex'"Of.ficio secretary o.f -the. Boc>rdo . The Direct.o:z;' of' the <br />Colorado 'Water Conserva.tion Board, The. C.olorado state Engiriee~~ ..The'Dfrector I.of.::the <br /> <br />Colorado PI'anriiiig Connriiss'ion, The. Direct'or. of . the State Garrie and 'Fish Coniiriissioii.'[ <br /> <br />and the Attorney General} who slJa:LYbe ex~o()fficio member.sd_.: '. )',. 'Cli, <br /> <br />l~' "I t :1',' <br /> <br />The Ex;"Officio Members shall'. serve during. ttie .tetm. of' their respective .appbihl;ment.. <br /> <br />or electiorlo <br /> <br />. . . <br />The water drainage basins fromwh:l'ch the" Governor 'shall' appoint representing. <br /> <br />members .of the Board shall bel one from'the.'Vhite.and Yampa Rivers. Basins, one <br /> <br />from the Colorado River Basin above the confluence of the Colorado and. the Gunnison <br /> <br />Rivers, one from the. Gunnison River Basin, .one'from the San Juan River Basin, one' . <br /> <br />from the Rio Grande River Bas.in, .one .from'the Arkansas 'River Basin; one from 'the <br /> <br /> <br />Republican River Basin, 'one from the South Platte River Basiri and one 'froIDthe. <br /> <br /> <br />North Platte River Bilsiri,. The initial:appointnients shall bes one ,third for a: <br /> <br />period of .one year, one third for.a period of .two yeats and the remaining one <br /> <br />third for three years. Thereafter, all ~ppointments shall be for a period of three <br /> <br />years 0 Vacancies to be filled for unexpired portion of termc <br /> <br /> <br />The' Board shall'.meet at least .once .betwe.en the dates of January 1st and June 30th <br />