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022G9 -6- \. , . -::,. " the State of Colorado and new taxable wealth that would be brought into being through the construction of the proposed project. '\j Do A comprehensive and thorough estimate of the cost of the proposed project. E. The application to show that the amount appEed fo. is not in excess of the eighty-~ive (85%) per cent of the estimated costo Fe The application to show that all engineering and legal expense incidental to the application and granting of the loan will be paid for by the applicants and that no portion of the loan will be used for 9uch purpose or purposes, ':1., Any:attempted fraud under the provisions of this Act, the purpetrator of such act ':"." . , shallull,!n conv~gt,i';>n,:be sUl?jec}.. to. not :Less.~l1an .s,4. (6). months in j!ln ~d/ or_a. fine or not less than ~10,009000., or both. ".:-.!: \ : ... ),. . ,'j '.\ Nothing in this Act shall be construed as prohibiting borrowers from particiPatingl in any Power .Revenue that may accrue from the development of the Upper Colorado ' The Board of the Colorado Water Developing Revolving Fund shall have power . . '" J promulgate, such rules and regulations u!,lder this Act. as may be expedient for the i proper administering of this Act, so long as such rules and regulations do not r ... .I " . \ .1 .... River Storage Project at such time such revenue may corne into being. .' . . . . , conflict with this Actt , , All sta~ enacted by previous sessions of the Colorado Legislature that are in any manner in conn ict with any section of this Act, cr the intents of ttJis Act, are hereby repe~led, ;. . .-;, ~ .-.".. 0;;;. -_:'--,,'~__-:...'_r__r-''''''~-:'-~-__'''' .~. \ It is the opinion of the General Assembly that an Emergency exists and that this Act shall become effective ten (10) days after it has been signed by the Governor. Following the signing of the Act by the Governor, he shall within thirty ()O) days select and appoint the appointive members of the Boardo .. . The appointed and ex-efficio members of the Board shall then within thirty ()O) days assemble, upon notice from the Director, and or~anize and prepare for businesso The above draft of a proposed ACT on the part of the General Assembly of the State of Colorado, is sponsored by the WATER FOLICY and CONSERVATION Sub-Committee of the Colorado Agricultural Planning Committee, as prepared by Charles Ro Neill, Chairman of the Sub-Committee, HotChkiss, Colorado. (1909-50)