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POLICY NUMBER: 18 <br />SUBJECT: APPROVAL AND PRIORITIZATION OF GRANT <br />APPLICATIONS FROM THE SEVERANCE TAX TRUST <br />FUND OPERATIONAL ACCOUNT <br />EFFECTIVE DATE: July 1, 2012 <br />POLICY: The Colorado Water Conservation Board (CWCB) staff will accept <br />applications for grants from the Severance Tax Trust Fund <br />Operational Account ( STTFOA) until January 31 of each year. <br />The CWCB staff will review grant applications from the STTFOA <br />for water management projects and studies that meet the <br />established goals and program needs of the CWCB Strategic Plan <br />and the Severance Tax Trust Fund Operational Account and <br />operational funding requests internal to CWCB that assist in <br />supporting the overall management needs of CWCB. The CWCB <br />staff will then recommend for approval to the CWCB Board those <br />grant applications and operational funding requests that meet the <br />goals and program needs and are within the amount of the annual <br />CWCB allocation for the STTFOA. <br />To support CWCB's continued partnership with higher education <br />and to promote the development and research of information that <br />supports CWCB's Strategic Plan and Mission Statement, CWCB <br />staff will set aside up to $350,000 of its annual STTFOA allocation <br />specifically for higher education grant requests. The CWCB staff <br />will then recommend for approval to the CWCB Board those grant <br />applications that meet the goals and program needs and are within <br />the amount of the annual CWCB allocation for the STTFOA. <br />PURPOSE: To establish a grant approval and prioritization process for grants <br />from the Severance Tax Trust Fund Operational Account. <br />APPLICABILITY: This policy and procedure apply to applications for grants from the <br />Severance Tax Trust Fund Operational Account. <br />PROCEDURE: At the March Board meeting, the CWCB staff will prepare for the <br />Board's consideration a summary of the technical and financial <br />characteristics of each proposed project, program, study or internal <br />operational funding request. Each application will be reviewed for <br />conformity with the goals and objectives of CWCB's Strategic <br />Plan. Project applications will be considered in the following <br />categories: <br />