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F I S C A L I M P A C T R E P O R T
SPONSOR Cravens
ORIGINAL DATE
LAST UPDATED
2/12/07
3/9/07 HB
SHORT TITLE Eastern Sandoval County Flood Control Authority SB 942/aSJC
ANALYST Propst
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
NFI
(Parenthesis ( ) Indicate Expenditure Decreases)
Duplicates HB 939
SOURCES OF INFORMATION
LFC Files
Responses Received From
Office of the State Engineer (OSE)
SUMMARY
Synopsis of SJC Amendment
The amendment clarifies that:
•
An action of the Board is considered conclusive if supported by “substantial evidence"
and final unless the action and decision are “arbitrary, capricious or fraudulent."
•
Provides that all actions and business of the board, including the first board appointed by
the governor will be conducted pursuant to the Open Meetings Act.
•
Provides that any challenge in court questioning the creation of the authority, validity of
securities provided for by the resolution, validity of covenants, agreements or contracts
must be commenced within 60 days after the first publication of the resolution as opposed
to “20 days" contained in the original bill.
•
Provides that if no action is commenced within “60 days" after the first publication,
residents, taxpayers and owners are forever barred from instituting any action in any
court challenging the creation of the authority, validity of securities provided for by the
resolution, validity of covenants, agreements or contracts. The original bill provided for
a “20 day" window.