Agenda Item 9, Platte River Recovery Updates and House Bill 07-1182

• Description: South Platte Endangered Species
• State: CO
• Basin: South Platte
• Water Division: 1
• Date: 5/11/2007
• Author: Randy Seaholm, Ted Kowalski
• Title: Agenda Item 9, Platte River Recovery Updates and House Bill 07-1182
• Water Supply Pro - Doc Type: Board Memo

• 1 ADDITION OF THE FOLLOWING NEW SUBPARAGRAPHS, to read:
2 39 -29 -109. Severance tax trust fund - created - administration
3 - use of moneys - definitions - repeal. (1) (k) (III) SUBPARAGRAPHS (I)
4 AND (II) OF this paragraph (k) i ARE repealed, effective July 1, 2007.
5 SUBPARAGRAPHS (IV), (V), AND (VI), AND (VII) OF THIS PARAGRAPH (k)
6 ARE REPEALED, EFFECTIVE JULY 1, 2011.
7 (IV) NOTWITHSTANDING ANY OTHER PROVISION OF THIS SECTION,
8 ON OR AFTER JULY 1, 2007, IF THE JUNE 2007 QUARTERLY REVENUE
9 FORECAST BY LEGISLATIVE COUNCIL STAFF FOR THE AGGREGATE OF FISCAL
10 YEAR 2006 -2007 AND 2007 -2008 SEVERANCE TAX COLLECTIONS
11 INCREASES ABOVE SUCH QUARTERLY REVENUE FORECAST FOR MARCH
12 24 , THE STATE TREASURER SHALL DEDUCT FROM THE OPERATIONAL
13 ACCOUNT OF THE SEVERANCE TAX TRUST FUND CREATED IN
• 14 SUBPARAGRAPH (II) OF PARAGRAPH (a) OF THIS SUBSECTION (1) THE
15 FOLLOWING:
1'X S.)
16 (A) ONE -HALF OF THE AMOUNT OF SUCH-14 THAT WOULD
17 OTHERWISE BE CREDITED TO THE OPERATIONAL ACCOUNT, UP TO THREE
18 MILLION DOLLARS TRANSFER SUCH SUM TO THE CAPITAL ACCOUNT OF
19 THE SPECIES CONSERVATION TRUST FUND CREATED IN SECTION 24-33-111
20 (2) (a), C.R.S.; �XC.SS
21 (B) ONE -HALF OF THE AMOUNT OF SUCH INCISE -A€E THAT WOULD
22 OTHERWISE BE CREDITED TO THE OPERATIONAL ACCOUNT, UP TO THREE
23 MILLION DOLLARS TRANSFER SUCH SUM TO THE OPERATIONS AND
24 MAINTENANCE ACCOUNT OF THE SPECIES CONSERVATION TRUST FUND
25 CREATED IN SECTION 24-33-111 (2) (a), C.R.S.
26 (V) NOTWITHSTANDING ANY OTHER PROVISION OF THIS SECTION,
27 ON OR AFTER JULY 1, 2008, THE STATE TREASURER SHALL DEDUCT FROM
•
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