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CWCB Construction Fund and Severance Tax Trust Fund Annual Report 1998
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CWCB Construction Fund and Severance Tax Trust Fund Annual Report 1998
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8/18/2014 11:45:47 AM
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Publications
Year
1998
Title
Construction Fund and Severance Fund Tax Trust Fund Annual Report
CWCB Section
Agency-wide
Publications - Doc Type
CF Annual Report
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the understanding that is all the cash available at this time and that additional cash should be <br /> transferred into this account as its available during the next several years. The CWCB recommended <br /> legislative approval of this arrangement as a clear indication of the state's willingness to support the <br /> proposed federal legislative allocation and limitation of recovery program costs. <br /> 5.9 Change in the Session Laws I <br /> In 1997,the General Assembly approved the CWCB recommendation that monies from the Fish <br /> and Wildlife Resources Account within the CWCB construction fund be made available to the <br /> recovery program to help implement improvements to the Grand Valley Canal. These improvements <br /> are intended to reduce administrative spills by the canal and, as a result, increase stream flows 1 <br /> available for recovery of the endangered fish. These improvements are being planned and will be <br /> implemented with full cooperation of the Grand Valley Water Users Association and without any <br /> impairment of their beneficial uses. In order to provide more flexibility in the delivery of those <br /> monies,in 1998 the Board recommended the name of the grant recipient be changed from the"U.S. <br /> Fish and Wildlife Service" to the "participants of the Colorado River Recovery Implementation <br /> Program." This recommendation was supported by the Grand Valley Water Users Association and <br /> Recovery Program participants. <br /> 1 <br /> 5.10 Change in Statutes <br /> In 1997, the Department of Natural Resources <br /> p ources Controller s Office determined that, while the <br /> Board had statutory authority to receive funds for cooperative projects with local governments,the <br /> CWCB technically did not have the statutory authority to expend such monies. In 1998 the Board <br /> recommended the state statutes be amended to allow the Board to expend funds received in <br /> managing cooperative projects:so that the Board has the same authority as other DNR agencies. <br /> 1 <br /> I <br /> 1 <br /> I <br /> CWCB FY98 Annual Report,page 38 1 <br />
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