Agenda Item 8

• Board Meeting Date: 3/18/2008
• Description: CWCB Legislative Update - HB08-1346 - HB08-1280 - SB08-168
• Board Meetings - Doc Type: Memo

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been listed as threatened or endangered under state or federal law, or are
candidate species or are likely to become candidate species as determined
by the United States fish and wildlife service.
With regard to transfers from the operational account of the
severance tax trust fund to the trust fund:
Delays, from the 2007-08 fiscal year to the 2008-09 fiscal
year, a transfer of one-half of the revenues that accrued to
the severance tax trust fund that exceeded the March 2007
revenue forecast for the severance tax trust fund;
! Delays, from fiscal year 2007-08 to fiscal year 2008-09, the
transfer of $1,000,000; and
! Makes transfers of revenues that would otherwise have
been appropriated for a deep underground science and
engineering laboratory (DUSEL) occur in the same fiscal
year as the appropriation for DUSEL would have occurred
rather than in the succeeding fiscal year.
Transfers $917,000 from the capital account of the trust fund to the
operations and maintenance account of the trust fund that was previously
approved for expenditure in connection with the Platte River Three State
Cooperative Agreement. Authorizes the expenditure of $500,000 in fiscal
year 2009-10 from the operation and maintenance account of the species
conservation trust fund for acquiring the minimum amount of water for
instream flows necessary to preserve or improve the natural environment
to a reasonable degree for species of concern.
Be it enacted by the General Assembly of the State of Colorado:
2 SECTION 1. Legislative declaration. (1) Pursuant to:
3 (a) Section 24-33-111(2), Colorado Revised Statutes, the species
4 conservation trust fund has been created in the state treasury to fund
5 programs designed to conserve native species that have been listed as
6 threatened or endangered under state or federal law, or are candidate
7 species or are likely to become candidate species as determined by the
8 United States fish and wildlife service;
9 (b) Section 24-33-111 (3), Colorado Revised Statutes, the
10 executive director of the department of natural resources, after consulting
11 with the Colorado water conservation board and its director, the wildlife
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