REFERENDUM A  REVENUE BONDS FOR WATER PROJECTS
Ballot Question: SHALL THE STATE OF COLORADO DEBT BE INCREASED $2 BILLION, 
WITH A REPAYMENT COST OF $4 BILLION, MAXIMUM TOTAL STATE COST, BY AN AMENDMENT 
TO THE COLORADO REVISED STATUTES PROVIDING FOR DROUGHT RELIEF BY THE FINANCING 
OF IMPROVEMENTS TO WATER INFRASTRUCTURE IN COLORADO, AND, IN CONNECTION 
THEREWITH, AUTHORIZING THE COLORADO WATER CONSERVATION BOARD TO ISSUE 
REVENUE BONDS FOR THE CONSTRUCTION OF PRIVATE OR PUBLIC WATER INFRASTRUCTURE 
PROJECTS COSTING $5 MILLION OR MORE THAT HAVE BEEN APPROVED BY THE GOVERNOR; 
AUTHORIZING THE WATER CONSERVATION BOARD TO RECOMMEND PROJECTS, INCLUDING 
AT LEAST TWO PROJECTS FROM DIFFERENT RIVER BASINS WITH A START DATE OF 2005, 
AND REQUIRING THE GOVERNOR TO APPROVE AT LEAST ONE SUCH PROJECT; SETTING ASIDE 
$100 MILLION OF BOND PROCEEDS TO FINANCE PROJECTS, OR PORTIONS OF PROJECTS, 
THAT AUGMENT OR IMPROVE EXISTING FACILITIES OR CONSERVE EXISTING WATER 
SUPPLIES 12 WITHOUT CREATING NEW STORAGE FACILITIES; EXEMPTING THE BOND 
PROCEEDS, THE PROCEEDS OF SALES BY THE BOARD OF WATER, POWER, OR OTHER ASSETS 
FROM FACILITIES FINANCED BY THE BONDS, AND ANY EARNINGS FROM ALL SUCH PROCEEDS, 
FROM THE REVENUE AND SPENDING LIMITS IMPOSED BY ARTICLE X, SECTION 20 OF THE 
STATE CONSTITUTION AND ARTICLE 77 OF TITLE 24, COLORADO REVISED STATUTES; AND 
REQUIRING THE GENERAL ASSEMBLY AND EXECUTIVE BRANCH AGENCIES TO ADOPT BY JULY 
1, 2004, ANY NECESSARY STATUTES AND RULES, RESPECTIVELY, TO ENSURE THE 19
MARKETABILITY OF THE BONDS AUTHORIZED BY THIS MEASURE? 20