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<br />projects and they will be the one making the determination on <br /> <br />eligibility on who gets the grants. <br /> <br />Recommendations on who gets funding will come from the <br /> <br />water roundtables that have been created in every basin. And <br /> <br />they will make the recommendation to the Water Conservation <br /> <br />Board. <br /> <br />The Water Conservation Board will then review those <br /> <br />applications. <br /> <br />I think it's more appropriate to have people from around <br /> <br />the state who work with water everyday to make the allocations. <br /> <br />I think that would work better than them coming to us for us to <br /> <br />make the allocations. <br /> <br />This--I don't know how you can compare this to Referendum <br /> <br />A, which could have loaned $2 billion to build water projects. <br /> <br />This is $10 million and it's to help entities address these <br /> <br />concerns so that then they can go and borrow money. <br /> <br />The biggest communities we have, like Denver, they have the <br /> <br />ability to go do feasibility studies and they can issue bonds <br /> <br />themselves and build projects. We don't need to help them. We <br /> <br />need to help these small entities that really can't come up with <br /> <br />the money to get past this without some help. <br /> <br />And I believe it's an appropriate use of these funds. <br /> <br />They--if you read the statute that talks about where severance <br /> <br />tax should go. <br /> <br />The idea is that, if we deplete our natural <br /> <br />- 9 - <br />