BOARD00157 ‎(2)‎

• Board Meeting Date: 3/13/2007
• Description: IWMD Section - Water Supply Reserve Account Grant Allocations - Criteria and Guidelines - Applications
• Board Meetings - Doc Type: Memo

Senate Bill 06-179 adopted by the 2006 General Assembly, created the Water Supply .
Reserve Account (Account). The legiklation directs the State Treasurer to annually transfer
ten million dollars from the Operationkl Account of the Severance Tax Trust Fund to the
Account. The effective date of the legislation is July 1,2006. Any balance remaining in the
Account at the end of any fiscal year shall remain in the Account; except that the
unencumbered and unexpended balande of the Account shall revert to the Operation Account
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of the Severance Tax Trust Fund on June 30, 2010.

As specified in the statute, the monies lin the Accouot are continuously appropriated to the
CWCB for water activities identified in Section 39-29-109(1) (a) (III), Colorado Revised
Statutes (C.R.S.). The legislation statds that the CWCB, in consultation with the Interbasin
Compact Committee (IBCC) created iA Section 37-75-105, C.R.S., shall jointly establish
criteria and guidelines for allocating rrioneys by grant or loan from the Account. This
document establishes the criteria and guidelines developed jointly by the IBCC and the
CWCB which will be used by the CWCB to allocate funds from the Account. Amendments
to this document may be proposed at ~y time by either the IBCC or the CWCB and shall be
effective after an annual program revie,w each October and subsequent approval by both
bodies. '

Introduction

Applications will be accepted for grants or loans and these criteria and guidelines are for both
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grants and loans. These criteria and guidelines do not distinguish or establish preference for .
allocating money for grants versus loads. In all cases the merits of the water activity itself
will be the basis for eligibility and eval:uation. It is the goal of the CWCB and IBCC to
ensure wise and effective use of monie~ from the Account

In regard to loans, the CWCB utilizingithese jointly developed criteria and guidelines will
allocate 0% interest loans from the Account AND offer a match to these loans with low
interest loans (at or below the rate of inflation) from the CWCB perpetual base account.
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Grant and Loan Proeram Administration
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Role of the Interbasin Compact Com:mittee (IBCC):

. Jointly (with the CWCB) develop criteria and guidelines for allocating funds from the
Account.
. Annually review information regarding the Account.
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. In October of each year jointly (with the CWCB) consider and make any necessary
revisions to these criteria and guidelines.
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. Work with Basin Roundtables (BR1) to develop local roundtable criteria and guidelines
for approving and recommending water activities that, following recommendations by the
respective BRTs, will be eligible to 'seek funding from the Account.
. Help ensure that data and information from the SWSI and other appropriate sources are
used as the technical basis for reque~ting funding for a water activity.

Water Supply Reserve Account Criteria and Guidelines - Adopted: October 18,2006
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