HB05_1254

• Bill Number: HB05-1254
• Year: 2005
• Title: Concerning the creation of a water efficiency grant program to provide moneys to aid in the promotion of water efficiency goals, and making an appropriation in connection therewith
• Legislation - Doc Type: Other CWCB Related Bills - Passed

FISCAL YEAR. ANY MONEYS REMAINING IN THE FUND ON JUNE 30, 2008,
SHALL BE TRANSFERRED TO THE RESERVE IN THE OPERATIONAL ACCOUNT OF
THE SEVERANCE TAX TRUST FUND DESCRIBED IN SECTION 39-29-109 (1) (c)
(III) (A), C.R.S.

(b) ANY COVERED ENTITY THAT HAS ADOPTED A WATER
CONSERVATION PLAN AND THAT SUPPLIES, DISTRIBUTES, OR OTHERWISE
PROVIDES WATER AT RETAIL TO CUSTOMERS MAY APPLY FORA GRANT TO AID
IN THE IMPLEMENTATION OF THE WATER EFFICIENCY GOALS OF THE PLAN.
ANY AGENCY MAY APPLY FOR A GRANT TO FUND OUTREACH OR EDUCATION
PROGRAMS AIMED AT DEMONSTRATING THE BENEFITS OF W ATEREFFICIENCY.
THE OFFICE SHALL REVIEW THE APPLICATIONS AND MAKE
RECOMMENDATIONS TO THE BOARD REGARDING THE AWARDING AND
DISTRIBUTION OF GRANTS TO APPLICANTS WHO SATISFY THE CRITERIA
OUTLINED IN THIS SUBSECTION (13) AND THE GUIDELINES DEVELOPED
PURSUANT TO SUBSECTION (7) OF THIS SECTION.

(c) THIS SUBSECTION (13) IS REPEALED, EFFECTIVE JULY 1,2008.

SECTION 2. 39-29-109 (1 ) (c) (III), Colorado Revised Statutes, is
amended to read:

39-29-109. Severance tax trust fund - created - administration-
use of moneys - repeal. (1) (c) (III) (A) It is the intent of the general
assembly that the operational account of the severance tax trust fund
maintain a state fiscal year end balance equal to twice the current state
fiscal year's operating appropriations for the programs specified in this
paragraph (c). Moneys may be appropriated or otherwise made available
from such two-year reserve only to offset temporary revenue reductions in
the programs specified in this paragraph (c); except that, if the general
assembly determines that transfers of moneys from the reserve are needed
during a state revenue crisis, such transfers shall be a loan from the reserve
to be repaid as soon as moneys are available. This provision is intended to
mitigate the impact of fluctuations in the amount of revenue credited to the
fund from year to year so as to maintain current levels of service for such
programs.

(B) NOTWITHSTANDING ANY PROVISION OF SUB-SUBPARAGRAPH (A)
OF THIS SUBPARAGRAPH (III) TO THE CONTRARY, ON JULY 1,2005, THE STATE
TREASURER SHALL TRANSFER ONE MILLION FIVE HUNDRED EIGHTY
THOUSAND DOLLARS FROM THE RESERVE TO THE WATER EFFICIENCY GRANT

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