Water Supply Reserve Account Criteria and Guidelines - Adopted

• Working Group: Criteria & Guidelines
• Title: Water Supply Reserve Account Criteria & Guidelines
• Date: 10/18/2006
• Author: DNR, CWCB
• Interbasin CC - Doc Type: General Resources

Senate Bill 06-179 adopted by the 2006 General Assembly, created the Water Supply
Reserve Account (Account). The legislation directs the State Treasurer to annually transfer
ten million dollars from the Operational 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 balance of the Account shall revert to the Operation Account
of the Severance Tax Trust Fund on June 30, 2010.

As specified in the statute, the monies in the Account 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 states that the CWCB, in consultation with the Interbasin
Compact Committee (IBCC) created in Section 37-75-105, C.R.S., shall jointly establish
criteria and guidelines for allocating moneys 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 any time by either the IBCC or the CWCB and shall be
effective after an annual program review 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
grants and loans. These criteria and guidelines do not distinguish or establish preference for
allocating money for grants versus loans. In all cases the merits of the water activity itself
will be the basis for eligibility and evaluation. It is the goal of the CWCB and IBCC to
ensure wise and effective use of monies from the Account

In regard to loans, the CWCB utilizing these 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.

Grant and Loan Pro!!ram Administration

Role of the Interbasin Compact Committee (IBCC):

. Jointly (with the CWCB) develop criteria and guidelines for allocating funds from the
Account.
. Annually review information regarding the Account.
. In October of each year jointly (with the CWCB) consider and make any necessary
revisions to these criteria and guidelines.
. Work with Basin Roundtables (BR T) 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 requesting funding for a water activity.

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

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