§ 37-60-124.4 — Stream gauge fund - created

Colorado § 37-60-124.4

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

Text

There is hereby created in the
state treasury the stream gauge fund, referred to in this section as the gauge
fund. The state treasurer is hereby authorized and directed to transfer two
hundred fifty thousand dollars from the Colorado water conservation board
construction fund to the gauge fund. The moneys in the gauge fund are hereby
continuously appropriated to the board for stream gaging and data collection
efforts related to instream flow monitoring, compact protection, decision support
systems, and flood forecasting and analysis. In addition to any remaining balance in
the gauge fund at the end of any fiscal year, the board is hereby authorized, from
the water conservation board construction fund, to annually provide up to two
hundred fifty thousand dollars in order to restore the unencumbered balance in the
gauge fund to two hundred fifty thousand dollars. All interest derived from the
investment of moneys in the gauge fund shall be credited to the Colorado water
conservation board construction fund. The board shall review the purposes of the
gauge 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 gauge fund was established have ceased. The board may set terms and
conditions as it deems appropriate concerning the annual expenditures of moneys
from the gauge fund.

Legislative History

Source: L. 2007: Entire section added, p. 1513, � 4, effective May 31.