bill co-prime, introduced HB22-1092. Under current law, the board
of directors of an irrigation district may only enter into a contract to
commit payments in excess of $500,000 if the contract is first ratified
at a general or special election. This bill permits a board of directors
to enter into any obligation or contract to borrow money, which the irrigation
district may use to issue loans to landowners to make improvements to private
water delivery systems, or for other types of projects that improve water
delivery, drainage, conservation, or efficiencies on landowner property.
The board may not assess district land in order to raise money to issue
the loans; however, the board may use other sources of money to issue loans.
The irrigation districtâs annual appropriation resolution to county commissioners
must include the amounts needed to meet loan obligations and the amounts
payable by landowners to the irrigation district. When assessing land within
an irrigation district, the bill requires that the county assessor apply
the information in the annual appropriation resolution concerning loans
to landowners and assess the additional amount payable for each tract for
which the landowner has received a loan.