HB 98-1006 Documents Related to the Passage 1998

• Description: HB 98-1006 signed, HB 98-1006 Implementation meeting agenda, list of supporters, and other supporting documentation
• State: CO
• Basin: Statewide
• Author: Various Authors
• Title: HB 98-1006 Documents Related to the Passage of Species Conservation Trust Fund 1998
• Water Supply Pro - Doc Type: Legislation

STATE OF COLORADO
OFFICE OF THE EXECUTIVE DIRECTOR
Department of Natural Resources
1313 Sherman Street, Room 718
Denver, Colorado 80203
Phone: [phone]
TDD: (303) 866 -3543
FAX: [phone] MEMORANDUM
TO: Senator Tilman Bishop
FROM: Ron Cattany
DATE: May 1, 1998
RE: HB 1006 — Update
In anticipation of your amendment to HB 1006 authorizing the Colorado Water and Power
Development Authority to assist in the funding of HB 1006, I have provided an update of the
funding mix and the proposed capitol projects to be funded over the next three years.
DEPARTMENT OF
NATURAL
RESOURCES
Roy Romer
Governor
James S. Lochhead
Executive Director
Ronald W. Cattany
Deputy Director
The final financial breakdown for HB 1006 is essentially a redirection of $4.9 million of existing
funds and $5.1 million of new money. Allocation of funds from the CWCB Mitigation and
Litigation Funds are one -time only. The authorization for the Authority to provide $2.4 million
to the trust fund expires on July 1, 1999. -
Colorado Water and Power Development Authority Unobligated Cash Funds $2.4 million
Colorado Water Conservation Board Construction Fund $0.5 million
CWCB Mitigation Fund* $1.0 million
CWCB Litigation Fund* $1.0 million
New State funds $5.1 million
Total $10 million
*one time only
BUDGET DETAIL
Colorado Water and Power Development Authority. The funds for HB 1006 from the
Colorado Water and Power Authority will come from their unobligated and available cash funds.
Since the General Assembly cannot appropriate funds directly from the Authority, HB 1006 will
be amended to authorize the Authority to consider contributing $2.4 million to the trust fund.
The Authority will adopt its own resolution today to approve the contribution of these funds to
the trust fund in two equal installments of $1.2 million on July 1, 1998 and June 30, 1999.
Colorado Water Conservation Board. The CWCB Construction Fund currently has $190
million, all but $34 million of which is obligated. The Mitigation Fund currently has $1.3
million, and the Litigation Account has $4 million. Allocating a total of $2.5 million from
CWCB will still leave funds for construction projects for next year, $3 million in the Litigation
Fund to cover litigation that may result with the lifting of the moratorium on permits by the US
Board of Land Commissioners • Division of Minerals & Geology /Geological Survey
Oil & Gas Conservation Commission • Colorado State Parks • Soil Conservation Board
Water Conservation Board • Division of Water Resources • Division of Wildlife