LEG00266

• Bill Number: HB01-1354
• Year: 2001
• Title: Concerning the Establishment of a Water Banking System and in Connection Therewith Making an Appropriation
• Legislation - Doc Type: Other CWCB Related Bills - Passed

CHAPTER 284

WATER AND IRRIGATION

HOUSE BILL 01-1354 [Digest]

BY REPRESENTATIVE(S) Hoppe, Young, Kester, Dean, Fairbank, Hefley, Lawrence, Snook, Spradley,
Tapia, Webster, White, Alexander, Cloer, Hodge, Jameson, Johnson, Madden, Miller, Plant, Spence, Stengel,
Tochtrop, and Weddig;

also SENATOR(S) Entz, Hagedorn, Hillman, Lamborn, Matsunaka, Musgrave, Phillips, Taylor, and Thiebaut.

AN ACT

CONCERNING THE ESTABLISHMENT OF A WATER BANKING SYSTEM, AND, IN CONNECTION
THEREWITH, MAKING AN APPROPRIATION.

Be it enacted by the General Assembly of the State of Colorado:

SECTION 1. Title 37, Colorado Revised Statutes, is amended BY THE ADDITION OF A NEW
ARTICLE to read:

ARTICLE 80.5

Arkansas River Water Bank Pilot Program

37-80.5-101. Short title. THIS ARTICLE SHALL BE KNOWN AND MAYBE CITED AS THE
"ARKANSAS RIVER PILOT WATER BANKING ACT".

37-80.5-102. Legislative declaration. THE GENERAL ASSEMBLY HEREBY FINDS, DETERMINES,
AND DECLARES THAT THE PURPOSE OF THIS ARTICLE IS TO TEST THE CONCEPT OF A WATER
BANK TO BE OPERATED UNDER STRICT PARAMETERS ESTABLISHED BY RULES APPROVED BY
THE WATER COURT. ACCORDINGLY, THIS ARTICLE PROVIDES FOR THE PROMULGATION OF
RULES CONCERNING A WATER BANK AND REQUIRES THE WATER COURT TO APPROVE THE
RULES AND THE STATE ENGINEER TO REPORT TO THE GENERAL ASSEMBLY REGARDING THE
PROPOSED OPERATION OF THE BANK. THE PILOT WATER BANK PROGRAM CREATED BY THIS
ARTICLE IS INTENDED TO SIMPLIFY AND IMPROVE THE APPROVAL OF WATER LEASES,
LOANS, AND EXCHANGES, INCLUDING INTERRUPTIBLE SUPPLY AGREEMENTS, OF STORED
WATER WITHIN THE ARKANSAS RIVER BASIN, REDUCE THE COSTS ASSOCIATED WITH SUCH
TRANSACTIONS, AND INCREASE THE AVAILABILITY OF W ATER-RELA TED INFORMATION. IT

http://www.state.co.us/gov_dir/leg_dir/olls/sI2001!sI.284.HTM

06/05/2002