NOTE: The governor signed this measure on 5/12/2014.
      
      
      HOUSE BILL 14-1008
      
      
      BY REPRESENTATIVE(S) Hamner, Exum, Fields, Fischer, Ginal,
      Hullinghorst, Kagan, Labuda, McLachlan, Mitsch Bush, Pettersen,
      Rosenthal, Salazar, Schafer, Vigil, Williams, Young, Ferrandino;
      also SENATOR(S) Schwartz.
      
      
      Concerning the authorization of the Colorado water resources
           and power development authority to make loans to private
           entities for purposes of forest health projects.
       
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 37-95-106, amend (1)
      (r) as follows:
      
           37-95-106.  Authority - powers. (1)  Except as otherwise limited
      by this article, the authority, acting through the board, has the power:
      
           (r) (I)  To make loans to any governmental agency for the planning,
      designing, acquiring, constructing, reconstructing, improving, equipping,
      and furnishing of a project, which loans may be secured by loan and
      security agreements, leases, or any other instruments, upon such terms and
      conditions as the board shall deem reasonable, including provisions for the
      establishment and maintenance of reserve and insurance funds, and to
      require the inclusion, in any lease, contract, loan and security agreement,
      or other instrument, of such provisions for the construction, use, operation,
      maintenance, and financing of a project as the board may deem necessary
      or desirable. For purposes of a forest health project, the authority
      may also make a loan as described in this paragraph (r) to a
      private entity. Any liens filed by the authority shall have
      priority in the order filed.
      
           (II)  As used in this paragraph (r), "private entity" means any
      person, as defined in section 37-95-103 (9).
      
           SECTION 2.  Safety clause. The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ________________________________________________________
      Mark Ferrandino                        Morgan Carroll
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                      Cindi L. Markwell
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO