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<br />(7) ( a) By July 1, 2005, the board shall adopt guidelines for the <br />office to review water conservation plans submitted by covered entities. <br />The guidelines shall define the method for submitting plans to the office, <br />how the office will prioritize the distribution of moneys, INCLUDING ANY <br />ADDITIONAL MONEYS MADE A V AILABLE THROUGH THE GRANT PROGRAM, and <br />the interest rate surcharge provided for in paragraph (d) PARAGRAPH (a) of <br />subsection (9) of this section. <br /> <br />(b) IF NO OTHER APPLICABLE GUIDELINES EXIST AS OF THE EFFECTIVE <br />DATE OF THIS PARAGRAPH (b), THE BOARD SHALL ADOPT GUIDELINES BY <br />AUGUST 14, 2005, FOR THE OFFICE TO USE IN REVIEWING APPLICATIONS <br />SUBMITTED BY COVERED ENTITIES AND AGENCIES FOR GRANTS FROM THE <br />GRANT PROGRAM. THE GUIDELINES SHALL ESTABLISH DEADLINES AND <br />PROCEDURES FOR COVERED ENTITIES AND AGENCIES TO FOLLOW IN APPLYING <br />FOR GRANTS AND THE CRITERIA TO BE USED BY THE OFFICE AND THE BOARD <br />IN PRIORITIZING AND AWARDING GRANTS. <br /> <br />(13) ( a) THERE IS HEREBY CREATED THE WATER EFFICIENCY GRANT <br />PROGRAM FOR PURPOSES OF PROVIDING STATE FUNDING OVER A THREE-YEAR <br />PERIOD TO AID IN ACHIEVING THE WATER EFFICIENCY GOALS OUTLINED IN <br />LOCALLY ADOPTED WATER CONSERVATION PLANS AND TO PROMOTE THE <br />BENEFITS OF WATER EFFICIENCY. THE BOARD IS AUTHORIZED TO DISTRIBUTE <br />GRANTS IN ACCORDANCE WITH THIS SUBSECTION (13) TO COVERED ENTITIES <br />AND AGENCIES FROM THE MONEYS TRANSFERRED TO AND APPROPRIATED <br />FROM THE WATER EFFICIENCY GRANT PROGRAM CASH FUND, WHICH IS <br />HEREBY CREATED IN THE STATE TREASURY. FOR THE2005-06, 2006-07, AND <br />2007 -08 FISCAL YEARS, THE GENERAL ASSEMBLY SHALL APPROPRIATE FROM <br />THE FUND TO THE BOARD UP TO FIVE HUNDRED THOUSAND DOLLARS <br />ANNUALLY FOR THE PURPOSE OF PROVIDING GRANTS TO COVERED ENTITIES <br />AND AGENCIES IN ACCORDANCE WITH THIS SUBSECTION (13). THE GENERAL <br />ASSEMBLY SHALL ALSO APPROPRIATE TO THE BOARD AN AMOUNT NECESSARY <br />TO COVER THE COSTS ASSOCIATED WITH THE ADMINISTRATION OF THE GRANT <br />PROGRAM, BUT SUCH APPROPRIATIONS SHALL NOT EXCEED AN AGGREGATE <br />AMOUNT OF EIGHTY THOUSAND DOLLARS FOR THE THREE FISCAL YEARS OF <br />THE GRANT PROGRAM. HOWEVER, IF LESS THAN FIVE HUNDRED THOUSAND <br />DOLLARS IS APPROPRIATED OR EXPENDED IN THE 2005-06 OR2006-07 FISCAL <br />YEAR, AN AMOUNT EQUAL TO THE DIFFERENCE BETWEEN FIVE HUNDRED <br />THOUSAND DOLLARS AND THE AMOUNT ACTUALLY APPROPRIATED OR <br />EXPENDED IN THAT FISCAL YEAR SHALL BE AVAILABLE FOR APPROPRIATION <br />AND EXPENDITURE IN THE NEXT FISCAL YEAR IN ADDITION TO THE FIVE <br />HUNDRED THOUSAND DOLLARS AVAILABLE FOR APPROPRIATION IN THAT <br />PAGE 3-HODSE BILL 05-1254 <br />