§ 37-60-122.9 — Colorado river recovery program loan fund - creation

Colorado § 37-60-122.9

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

Text

(1)
There is hereby created in the state treasury the Colorado river recovery program
loan fund for the purpose of making loans to the Colorado river and San Juan river
recovery programs for the construction or improvement of certain water related
projects in Colorado, under agreements with power users of the federal Colorado
river storage project, required to recover the four endangered fish species of the
upper Colorado river, including the San Juan river.

(2) The Colorado water conservation board shall recommend loans from the
Colorado river recovery program loan fund to the general assembly pursuant to
section 37-60-122 (1)(b). The loans shall be subject to an interest rate and
repayment provisions to be determined by the Colorado water conservation board.

(3) The state treasurer is hereby authorized and directed to transfer to the
Colorado river recovery program loan fund, created in subsection (1) of this section,
out of any moneys in the Colorado water conservation board construction fund not
otherwise appropriated, the sum of two million dollars. Interest earned on the funds
in the Colorado river recovery program loan fund shall be credited to the Colorado
water conservation board construction fund, created in section 37-60-121 (1).

Legislative History

Source: L. 98: Entire section added, p. 538, � 11, effective April 30. L. 2001: Entire section amended, p. 695, � 33, effective May 30.