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1 ADDITION OF THE FOLLOWING NEW SUBPARAGRAPHS, to read: <br />2 39-29-109. Severance tax trust fund -created -administration <br />3 -use of moneys -definitions -repeal. (1) (k) (III) SUBPARAGRAPHS (I) <br />4 AND (II) OF this paragraph (k) is AND THIS SUBPARAGRAPH (III) ARE <br />5 repealed, effective July 1, 2007. <br />6 (IV) THE STATE TREASURER SHALL DEDUCT FROM THE <br />7 OPERATIONAL ACCOUNT OF THE SEVERANCE TAX TRUST FUND CREATED IN <br />8 SUBPARAGRAPH (II) OF PARAGRAPH (a) OF THIS SUBSECTION (1): <br />9 (A) SIX MILLION DOLLARS AND TRANSFER SUCH SUM TO THE <br />10 CAPITAL ACCOUNT OF THE SPECIES CONSERVATION TRUST FUND CREATED <br />11 IN SECTION 24-33-111 (2) (a), C.R.S., ON OR AFTER JULY 1, 2007; <br />12 (B) SEVEN MILLION DOLLARS AND TRANSFER SUCH SUM TO THE <br />13 CAPITAL ACCOUNT OF THE SPECIES CONSERVATION TRUST FUND CREATED <br />14 IN SECTION 24-33-111 (2) (a), C.R.S., ON OR AFTER JULY 1, 2008; <br />15 (C) SIX MILLION DOLLARS AND TRANSFER SUCH SUM TO THE <br />16 CAPITAL ACCOUNT OF THE SPECIES CONSERVATION TRUST FUND CREATED <br />17 IN SECTION 24-33-111 (2) (a), C.R.S., ON OR AFTER JULY 1, 2009; <br />18 (V) SUBPARAGRAPH (IV) OF THIS PARAGRAPH (k) AND THIS <br />19 SUBPARAGRAPH (V) ARE REPEALED, EFFECTIVE JULY 1, 2010. <br />20 SECTION 4. Safety clause. The general assembly hereby finds, <br />21 determines, and declares that this act is necessary for the immediate <br />22 preservation of the public peace, health, and safety. <br />-4- HB07-1182 <br />