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<br />severance tax trust fund perpetual base account and, on an as-needed basis, <br />a performance audit of the loan programs. <br /> <br />(3) The moneys appropriated in subsection (2) of this section shall <br />remain available for the designated pillposes until the moneys are <br />exhausted. <br /> <br />SECTION 15. Loan applicant credit reports - appropriation. <br />(I) The Colorado water conservation board is hereby authorized to obtain <br />independent credit reports of Colorado water conservation board <br />construction fund and severance tax nust fund perpetual base account loan <br />applicants in order to determine the applicants' creditworthiness and <br />financial need. The Colorado water conservation board is hereby <br />authorized to expend not more than five thousand dollars ($5,000) from the <br />Colorado water conservation board construction fund for this pillpose. <br /> <br />(2) In addition to any other appropriation, there is hereby <br />appropriated, out of any moneys in the Colorado water conservation board <br />construction fund not otherwise appropriated, to the Colorado water <br />conservation board, the sum of five thousand dollars ($5,000), or so much <br />thereof as may be necessary, to obtain credit reports of Colorado water <br />conservation board construction fund and severance tax trust fund perpetual <br />base account loan applicants. <br /> <br />(3) The moneys appropriated in subsection (2) of this section shall <br />remain available for the designated pillposes until the moneys are <br />exhausted. <br /> <br />SECTION 16. Article 60 oftitle 37, Colorado Revised Statutes, is <br />amended BY THE ADDITION OF A NEW SECTION to read: <br /> <br />37-60-121.3. Severance tax trust fund statewide water planning <br />account - creation. (1) THERE IS HEREBY CREATED IN THE STATE <br />TREASURY, AS PART OF THE COLORADO WATER CONSERVATION BOARD <br />CONSTRUCTION FUND, THE SEVERANCETAXTRUSTFUND STATEWIDE WATER <br />PLANNING ACCOUNT. THE ST ATE TREASURER IS HEREBY AUTHORIZED AND <br />DIRECTED TO TRANSFER MONEYS APPROPRIATED FOR PROGRAMS OR <br />PROJECTS WITHIN THE COLORADO WATER CONSER V ATION BOARD PURSUANT <br />TO SECTION 39-29-109 (I) (c) (I) (D), C.R.S., TOTHESEVERA1'.JCETAXTRUST <br />FUND STATEWIDE WATER PLANNING ACCOUNT. <br /> <br />PAGE 10-HOUSE BILL 00-1419 <br />