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<br />." 0015S7 <br /> <br />REGIONAL OR LOCAL ADMINISTRATIVE STRUCTURE <br /> <br />By legislation, a regional organization, such as a Water Conservation District, <br />could be established to administer funds derived from one or more of the options described <br />above and deposited into a dedicated account. The regional organization could cover all or <br />a portion of the South Platte Basin, The regional organization would be governed by a <br />Board of Directors, which could manage and make payments from account to fulfill <br />Colorado's commitments to the Program. By statute, this Board of Directors could be <br />appointed or elected by standing local government officials from the Platte Basin, thus <br />ensuring local control. The Board could be authorized to own and manage real property, <br />enter into leases, and otherwise manage involvement in the Program. <br /> <br />### <br />