The bill decreed that the agency would be run by twelve directors, who convened for the first time on July 13, 1937.
[2] Governed by a fifteen-member Board of Directors, the CWCB acts as the state's most comprehensive water information resource.
The agency maintains expertise in a broad range of programs and provides technical assistance to further the utilization of Colorado's waters.
An integral part of the transition years was the General Assembly's enactment of laws giving the CWCB its first three major new programs since 1937 – floodplain designations, loans for water project construction and appropriation of instream flow water rights.
], the CWCB functions with six major program areas:[citation needed] Management Finance & Administration Interstate & Federal Stream & Lake Protection Water Supply Planning Watershed & Flood Protection The CWCB and the Interbasin Compact Committee The CWCB supports the implementation of the Colorado Water for the 21st Century Act, which created the Interbasin Compact Committee (IBCC), with financial, technical and staff support.