5 ‎(3)‎

• Board Meeting Date: 5/19/2009
• Description: IWMD Section - Water Supply Reserve Account ‎(WSRA)‎ Criteria and Guidelines
• Board Meetings - Doc Type: Memo

(III) (C) Studies or analyses of structural, nonstructural,
consumptive, and nonconsumptive water needs, projects, or activities; and
(IV) (D) Structural and nonstructural water projects or activities.
(II) O O 31 ,
N OR BEFORE CTOBER OF EACH YEAR COMMENCING WITH
2010,
THE YEAR THE BOARD SHALL CONSULT WITH THE INTERBASIN
COMPACT COMMITTEE TO PRODUCE THE ANNUAL REPORT REQUIRED BY
37-75-105 (4), C.R.S.,
SECTION REGARDING HOW MONEYS IN THE ACCOUNT
- .
WERE ALLOCATED IN THE PREVIOUS TWELVE MONTH PERIOD
SECTION 2.
39-29-109.3 (2) (a), Colorado Revised Statutes, is
amended to read:
39-29-109.3. Operational account of the severance tax trust fund
- repeal.
(2) Subject to the requirements of subsections (3) and (4) of this
section, if the general assembly chooses not to spend up to one hundred
percent of the moneys in the operational account as specified in subsection
(1) of this section, the state treasurer shall transfer the following:
(a) (I) To th e water supply reserve account created in section
39-29-109 (2) (c), the following amounts:
(A) For the state fiscal year commencing July 1, 2008, ten million
dollars. This sub-subparagraph (A) is repealed, effective July 1, 2010.
(B) For the state fiscal year commencing July 1, 2009, ten million
dollars. This sub-subparagraph (B) is repealed, effective July 1, 2011.
(C) For the state fiscal year commencing July 1, 2010, six
TEN
million dollars. This sub-subparagraph (C) is repealed, effective July 1,
2012.
(D) F J 1, 2011,
OR THE STATE FISCAL YEAR COMMENCING ULY AND
, .
FOR EACH STATE FISCAL YEAR THEREAFTER TEN MILLION DOLLARS
(II) (A) On June 30, 2011, any unencumbered and unexpended
balance in the water supply reserve account created in section 39-29-109 (2)
(c) shall revert to the operational account created in section 39-29-109 (2)
(b).
PAGE 3-SENATE BILL 09-106