LEG00078

• Bill Number: HB00-1419
• Year: 2000
• Title: Concerning the Funding of Colorado Water Conservation Board Projects and Making Appropriations in Connection Therewith
• Legislation - Doc Type: Construction Fund Bill

(2) THE BOARD IS AUTHORIZED TO USE THE MONEYS IN THE
SEVERANCE TAX TRUST FUND STATEWIDE WATER PLANNING ACCOUNT FOR
PROJECTS IN COMPLIM-lCE WITH THIS ARTICLE. ALL INTEREST DERIVED FROM
THE INVESTMENT OF MONEYS IN THE SEVERAJ'\!CE TAX TRUST FUND
STATEWIDE WATER PLANNING ACCOUNT SHALL BE CREDITED TO THE
COLORADO WATER CONSERVATION BOARD CONSTRUCTION FUND. .Au'IY
BALANCE REMAINING IN THE SEVERANCE TAX TRUST FUND STATEWIDE
WATER PLANNING ACCOUNT A TTHE El'ID OF ANY FISCAL YEAR SHALL REMAIN
IN THE ACCOUNT AND SHALL NOT REVERT TO THE GENERAL FUND OR ANY
OTHER FUND.

SECTION 17.39-29-109 (1) (c)(I)(D), Colorado Revised Statutes,
is amended to read:

39-29-109. Severance tax trust fund - created - administration-
use of moneys. (1) (c) (I) For fiscal years commencing on and after July I,
1997, the executive director of the department of natural resources shall
submit with the department's budget request for each fiscal year a list and
description of the programs the executive directorrecommends to be funded
from the operational account of the severance tax trust fund. The state
minerals, energy, and geology policy advisory board established pursuant
to section 34-20-104, C.R.S., shall review the executive diiector's
recommendation before submittal. The general assembly may appropriate
moneys from the total moneys available in the operational account of the
severance tax trust fund to fund recommended programs as follows:

(D) For programs within the Colorado water conservation board, up
to five percent of the moneys in the operational account, WHICH MONEYS
SHALL BE APPROPRIATED TO THE SE%RANCE TAX TRUST FUND STATEWIDE
WATER PLANNING ACCOUNT, CREATED IN SECTION 37-60-121.3, C.R.S.

SECTION 18. Appropriations to the Colorado river recovery
program loan account. (I) In addition to any other appropriation, tIlere is
hereby appropriated, out of any moneys in the Colorado water conservation
board construction fund not otherwise appropriated, to the Colorado river
recovery program loan account created in section 37-60-122.9, Colorado
Revised Statutes, the sum of five million dollars ($5,000,000), or so much
thereof as may be necessary, for the continued implementation of section
37-60-122.9, Colorado Revised Statutes.

PAGE II-HOUSE BILL 00-1419