C.R.S. Section 37-95-107.5
Legislative declaration

  • specific project authorizations

(1)

It is hereby declared to be the policy of the general assembly to protect and foster the full utilization of Colorado’s limited surface water resources by allocation thereof through the operation of the appropriation system as provided by sections 5 and 6 of article XVI of the state constitution. Any judicial interpretation or other law to the contrary notwithstanding, the water rights appropriation and adjudication system of the state of Colorado shall continue to be utilized to establish priority of right to the use of the natural streams within the state which include groundwater tributary thereto.

(2)

It is the recognition and intent of the general assembly that investment in the state’s water resources for future generations must be made from state funds, from private capital, or from other moneys available to the authority. Major Colorado water projects should be developed as soon as possible in anticipation of demand and revenues.

(3)

Several compacts relating to interstate streams have been entered into by the state on behalf of the people of the state of Colorado to reserve for the people the right to the use of such waters under the appropriation doctrine. It is hereby declared to be the policy of the general assembly to fully utilize, for the maximum benefit of all the people, said natural stream resources. To achieve such utilization, the general assembly hereby directs the authority to proceed with project development and financing in accordance with agreements between the project sponsor and the authority, and consistent with the provisions of this article, such projects as the Colorado water conservation board identifies in statewide water supply initiatives and associated feasibility studies and other projects identified by the authority.
(4)(Deleted by amendment, L. 2003, p. 2412, § 6, effective June 5, 2003.)(5) The provisions of this section shall not be applicable to the financing of any small water resources project.

Source: Section 37-95-107.5 — Legislative declaration - specific project authorizations, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-37.­pdf (accessed Oct. 20, 2023).

37‑95‑101
Short title 37‑95‑102
Legislative declaration 37‑95‑103
Definitions 37‑95‑104
Establishment of authority - board of directors - removal - organization - compensation - dissolution 37‑95‑105
Records and meetings of board - disclosure of interests required 37‑95‑106
Authority - powers 37‑95‑107
Feasibility studies - repayment of costs 37‑95‑107.5
Legislative declaration - specific project authorizations 37‑95‑107.6
Creation and administration of water pollution control revolving fund 37‑95‑107.8
Creation and administration of drinking water revolving fund 37‑95‑108
Acquisition and disposition of property - change of location of highways, railroad, or public utilities - regulation of public utility facilities on a project 37‑95‑109
Bonds or notes - issuance - terms 37‑95‑110
Power to make covenants to secure payment 37‑95‑111
Pledge of revenues, moneys, funds, or other property - lien 37‑95‑112
Personal liability 37‑95‑112.5
Watershed protection and forest health projects - definition - repeal 37‑95‑113
Debt service reserve funds for watershed protection projects and forest health projects 37‑95‑114
Guarantee by state not to limit or alter rights or powers vested in authority 37‑95‑115
Exemption of bonds from taxation 37‑95‑116
Annual report - annual audit - annual budget 37‑95‑117
Services by state officers, departments, boards, agencies, divisions, and commissions 37‑95‑118
Bonds eligible for investment 37‑95‑119
Charges for use of service of projects 37‑95‑120
Agreements with governmental agencies or persons 37‑95‑121
Effect on inconsistent acts and rules and regulations adopted thereunder 37‑95‑122
Severability 37‑95‑123
Construction of article
Green check means up to date. Up to date

Current through Fall 2024

§ 37-95-107.5’s source at colorado​.gov