WSP03668

• File Number: 8030
• Description: Section D General Compact Issues - US Water Resources Council
• State: CO
• Basin: Statewide
• Date: 8/1/1971
• Author: US Water Resources C
• Title: Regulation of Flood Hazard Areas to Reduce Flood Losses - Draft - Volume II Part VI - Appendices
• Water Supply Pro - Doc Type: Report/Study

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002582

141

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be classed as e:-;posed areas within the meaning of sections 25-69 to
25'75,inclusive. 'l'he limits of such areas shall 1,., the extent of the
natural configuration of the land surface not necessarily co-extensive
with political boundaries, and shall include jJl'i\-ately-o\':ned and mu-
nicipally-owned properties upon which public Illoncy llla~' ho spent
and puhlic deht ineurred for thc protection and conscryation thereof,
and taxes lcvied to snpport cx.pcnditures for such purposes.

Sec, 25-71. Payment by state for ilood or erosion control sya.
tems. 'rhe water resources commission is auth_~'rized to lH'ovidc for
the pa)'ll1ent bo' the state of t.he total cost of ano.'iJood or erosion con-
trol system wheu sneh system is for the benefit of state parks or state.
oWlied land, \Yhen snch so'stem is for t.he benefit of municipally-
owiled littoral 01' riparian propcrty or littoral or riparian propcrty
held by the nnniicipalitynndcr lease for a term not less than twent)'.
five )'ears, the commission is:authorized to pa)' two,third3 of the co~t
ofthc s)'bteni and the remaining one.third shnll he the obligation
of the loenl authoriti. If the ]lrojed ,,-ill benefit ]lrivatel)'-owneJ
littornl or riparian propert)', the eost shnll be prornted on the bnfis of
two-thb'us of the total cost to snch local ~,uthorit;; and onG-third of
tllC cost to the' sink If the s)'stem invol\'csucndit to both n1\mici.
pnl1~'.o\\'ncdor lca~et1 and priYiltc littoral or ripari:\npropert);, said
CllnlJllission slml1 detcrmine thc extent: or the i:lJancial p:\!'ticipntion
of Ole Htntc as wcl1.r:.s that-of 1hc 1.0('a1 flut1H)rity_on n. ~:h0l"C-fl'c)tt or
strcam.front fJCrcenta;rc balds for c:\eh type of property bcucJlt('d,

. Sec. 25.72. payrnent of costs. (.1:) The cost, or pari thereof. of con-
struct.io_l1 of,.any such systcnr'" III .l\< or the local cash contribution fC.
quired f,y the fedcral gOL'emmcIlt for cOllst1'llctiOll of such .'y.'tem may
be paid in the first illstancc'by thc statc from the proceeds of the * *. *
issuance of bonds or Itoles as may I>e authorized from timc to time, or
from (/ired Q/)prop1'iat;ons, and upon cOlnpletion of such con~tructi6n _
the local authority sh'lll (1) reimburse. the state to the extcnt of its share
provided for in. scction 25.7i; (2) enter into a contract with (he s(a(c.
acting by and through the ',l..'atcr rcsourc('s commission, fot' state tinnn-
ciol assistance for such local nuthority's share in any beach erosiol1_ or
flood control' system in (he form of (A) temporary or definitive loans;
(Ill guarantees by the state of (he notes of any local authority; or (C)
any combination of slIch forms'of aid. (b) Dcfini(ive loans made by (he
state under the authorizatio;l of (his section (1) shall beur interest at the
same rate as the interest cost to (he state on the notcs or bonds issucd .
pursuant to section 25-73; (2) shall. be in an amount not in cxccss of the
cost to such local authority, including any state ser\'ice charge; and (3)
shull 'be repayable in such instalments as me det.ermined by (he com-
mission within twenty years from the date of the cOll1pletion of the sys.
tern, The provisions of subsection (bl of section' 7.374 shulluot apply (0
any bonds or no(.es j~Hued by nny nlunici]H\'lity or district under the ]U'()-
visions of scctions 25-69, to 25.75, inclusivc, or part II of this chap.
tcr.

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