2 Colo. Code Regs. § 402-12.7
Current through Register Vol. 48, No. 1, January 10, 2025
Rule 2 CCR 402-12.7 - Listing and Bidding ProcessA. Upon finalization of the deposit agreement, the water bank shall list the availability of the water on the water bank's web site. Listings of availability shall also be available at any State or Division Engineer field office locations.B. The listing shall include, at a minimum, the amount of water available, the stored location of the water, the source of water, the minimum acceptable price and the historic type of use. C. If the minimum acceptable price is not offered, the seller may withdraw the water from the bank or leave the water in the bank for the bank to market.D. The water bank operator shall establish a process for registration of qualified bidders who may participate in the bidding process.E. The water bank operator shall establish and maintain a Water Bank Notification List. Within thirty (30) days after the effective date of these rules and annually thereafter, the water bank operator shall publish in the Division 2 water court resume and in a newspaper or newspapers as necessary to obtain general circulation once in every county affected, an invitation to be included on the Water Bank Notification List. Persons on the List shall receive notice of all proposed water bank transactions as set forth in Rules 12.8 and 12.99 herein, and may elect to receive such notice by first class mail or by electronic mail. Persons may be required to pay a fee, not to exceed twelve dollars per year, to be placed on the Water Bank Notification List to cover administrative costs.