§ 37-60-122.3 — Wild and scenic rivers fund - created

Colorado § 37-60-122.3

• Jurisdiction: Colorado
• Title 37: Water and
• Art.: Colorado Water Conservation Board

Text

There is hereby created
in the state treasury the wild and scenic rivers fund, referred to in this section as
the fund. The state treasurer shall transfer four hundred thousand dollars from
previously unappropriated Colorado water conservation board construction fund
moneys to the fund. The moneys in the fund are hereby continuously appropriated
to the board to work with stakeholders within the state of Colorado to develop
protection of river-dependent resources as an alternative to wild and scenic river
designation under the federal Wild and Scenic Rivers Act, 16 U.S.C. sec. 1271 et
seq. In addition to any remaining balance in the fund at the end of any fiscal year,
the board is hereby authorized to annually provide, from the Colorado water
conservation board construction fund, up to four hundred thousand dollars in order
to restore the unencumbered balance in the fund up to four hundred thousand
dollars. All interest derived from the investment of moneys in the fund shall be
credited to the Colorado water conservation board construction fund. The board
shall review the purpose of the fund annually and is hereby authorized to cease
providing moneys in the following year if, in its discretion, the board determines
that the purposes for which the fund was established have ceased. The board may
set terms and conditions as it deems appropriate concerning the annual
expenditures of moneys from the fund.

Legislative History

Source: L. 2009: Entire section added, (SB 09-125), ch. 328, p. 1751, � 21, effective June 1.