LEG00174

• Bill Number: SB01-157
• Year: 2001
• Title: Concerning the Funding of Colorado Water Conservation Board Projects and Making Appropriations in Connection Therewith
• Legislation - Doc Type: Construction Fund Bill

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SECTION 26. 39-29-109 (1) (c) (1) (D), Colorado Revised Statutes, is amended to read:

39-29-109. Severance tax trust fund - created - administration - use of moneys - repeal.
(1) (c) (I) For fiscal years commencing on and after July 1, 1997, the executive director ofthe 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 director recommends 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, eR.s., shall review the executive director's recommendation before submittaL The general assembly may
appropriate moneys from the total moneys available in the operational account ofthe 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. Of kich m.e1"1a) J .3kall ee a15plapIiatea te i'fte .]e y eIttftee treI tIt:!.]t fttna alate.. iae .. atcr
f}laftfling ae~ol'iflt, cluitca in Jctties 3; 69 121.3, C.R.S.

SECTION 27. 37-60-121 (l)(b) (VII), the introductory portions to 37-60-121 (2.5)(a) and (2.5) (b), 37-
60-121 (2.5) (c), (2,5) (d), (2.5) (e), (2.5) (f), the introductory portion to 37-60-121 (6), and 37-60-121 (6) (b),
(6) (c), (6) (d) (II) (A), and (6) (d) (VII), Colorado Revised Statutes, are amended to read:

37-60-121. Colorado water conservation board construction fund - creation of - nature offund-
funds for investigations - contributions - use for augmenting the general fund - funds created. (l ) (b) In
the consideration of making expenditures from the fund, the board shall be guided by the following criteria:

(VII) The board may recommend to loan funds on floodplain projects; net tll el1eeea fi. e Jlw,ent Ilfthe
anntlal fa ejGGt&a 1&. entlc eal'i~ea b) the It.tfta,

(2.5) (a) The board is authorized to expend, pursuant to continuous appropriation and subject to the
requirements of paragraph (b) of this subsection (2.5), a total sum not to exceed four million dollars from the
litigation tlGCaltnt FUND, which is hereby created, is the Caleraaa ..Mel e6ftJcr.atian bollia COl1Jffl1ctiafl fl111a,
for the purpose of litigation:

(b) Pursuant to the spending authority set forth in paragraph (a) of this subsection (2.5), moneys may be
expended from the litigation ftccol:tflt ill tile CololAda ..atel taftJer . Mien 56Ma eor..Jtrl1etian fund at the
discretion of the board if:

(c) Any interest earned on the moneys in the litigation /ieelltl!lt FUND shall be credited on an annual basis
in eqtllll JllIl till1i3 to the Colorado water conservation board construction fund created in subsection (1) ofthis
section. mui tho ddfl.e3tit ..atel 3tl1'pl) plajef-t ley5Lisg; ftt1~a cleated in Jeetiafl'2; 95 18;.;.

(d) The board, in conjunction with the attorney general, shall report annually to the general assembly on
any litigation which involves the use of any moneys from the litigation llMetll'lt FUND created in paragraph (a)
ofthis subsection (2,5),

(e) Any moneys remaining in the litigation /ieeetll'lt FUND at such time as the general assembly acts to
close the lleMtll'lt FUND shall be ,,<ttlllll) ai. iaea ana credited to the Colorado water conservation board
construction fund created in subsection (1) of this section, /ilia liIe aemeJtie ..illel 3ll[5J11) \'lliljeet le.ll1.il\!!; ftlll"
eItat6d in. Jettier.. 3; 95 18;.;.

(f) ~Jot..ith3tal'Hiing aft) l'rayiJiafl5fpMEtgrttt'h ea) efthifl3tt5aettian (2.5) ta tLe central), 61'\ JltI) 1,
1999, th~ Jtfit~ ae:tlJtllcl :'lftall aedl'ict 3Ile millian dollM3 floWl tile litigatian aec6l'iflt fiftd trU1lJfa 3l:lcft JttLl'l t5 the

http://www.state.co.us/gov_dir/leg_dir/olls/sI200l/s1.206.HTM

06/05/2002