Declares that the state, proponents of water development projects, and local interested persons have a role in the promotion, protection, enhancement, and efficient utilization of Colorado's water resources.
Capital letters indicate new material to be added to existing statute.
Dashes through the words indicate material to be deleted from existing statute. Page 2 assist in meeting the water needs identified by the local basin planning groups by March 1, 2003. Authorizes the Colorado water conservation board and the division of water resources in the department of natural resources, in consultation with the local basin planning groups, to identify impacts and benefits of proposed water development projects and potential mitigation options designed to address the impacts. Creates the water project assistance account in the water conservation board construction fund for the purpose of funding identified water development projects. Local water needs identification.