2 Colo. Code Regs. § 402-12.13
Current through Register Vol. 48, No. 1, January 10, 2025
Rule 2 CCR 402-12.13 - Water Bank Time LimitationA. These rules effectuate the laws set forth in Article 80.5 of Title 37, C.R.S. Pursuant to section 37-80.5-107, these rules are repealed automatically on July 1, 2007. Any water left in the bank at that time shall immediately revert back to the owner of record.B. If, after reviewing the State Engineer's report on the effectiveness of the Arkansas River Water Bank, the legislature extends the water banking program for three (3) years or more, or authorizes a permanent water bank, the State Engineer shall review and revise these Rules to address issues related to the continued operation of the water bank. If the legislature extends the water banking program for less than three (3) years, the State Engineer may review and revise these Rules as necessary to address issues related to the continued operation of the water bank.