LEG00180

• Bill Number: SB05-226
• Year: 2005
• Title: Concerning the payment of moneys to the state of Kansas as required pursuant to the Kansas v. Colorado litigation regarding the depletion of water from the Arkansas River, and making an appropriation
• Legislation - Doc Type: Other CWCB Related Bills - Passed

C.R.S., TO BE USED FOR THE PURPOSES SPECIFIED IN SUCH SECTION. THE
TRANSFER OF MONEYS FROM THE OPERATIONAL ACCOUNT OF THE
SEVERANCE TAX TRUST RJND PURSUANT TO THIS PARAGRAPH (b) SHALL BE
EXEMPT FROM THE REQUIREMENTS OF SUBPARAGRAPH (III) OF PARAGRAPH
(C) OF SUBSECTION (1) OF THIS SECTION.

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(c) NOTWITHSTANDING ANY PROVISION IN THIS SECTION OR ANY
OTHER PROVISION OF LAW TO THE CONTRARY, ON Jm Y 1,2005, THE STATE
TREASURER SHALL DEDUCT FOUR MILLION DOLLARS FROM THE OPERATIONAL
ACCOUNT OF THE SEVERANCE TAX TRUST RJND CREATED IN SUBPARAGRAPH
(II) OF PARAGRAPH (a) OF SUBSECTION (1) OF THIS SECTION AND TRANSFER
SUCH SUM TO THE KANSAS V. COLORADO PLAINTIFF'S LEGAL COSTS FUND
CREATED IN SECTION 24-31-502 (2), c.R.S., TO BE USED FOR THE PURPOSES
SPECIFIED IN SUCH SECTION. THE TRANSFER OF MONEYS FROM THE
OPERATIONAL ACCOUNT OF THE SEVERANCE TAX TRUST FUND PURSUANT TO
THIS PARAGRAPH (C) SHALL BE EXEMPT FROM THE REQUIREMENTS OF
SUBP ARAGRAPH (Ill) OF PARAGRAPH (C) OF SUBSECTION (1) OFTHlS SECTION.

(d) THIS SUBSECTION (6) IS REPEALED, EFFECTIVE JULY 1, 2007.

SECTION 3. 39-29-110, Colorado Revised Statutes, is amended
BY THE ADDITION OF A NEW SUBSECTION to read:

39-29-110. Local government severance tax fund - creation -
administration - energy impact assistance advisory committee created
- repeal. (4) (a) NOTWITHSTANDING ANY PROVISION IN THIS SECTION OR
ANY OTHER PROVISION OF LAW TO THE CONTRARY, AS SOON AS PRACTICABLE
ON OR AFfER THE EFFECTIVE DATE OF THIS SUBSECTION (4), THE STATE
TREASURER SHALL DEDUCT THREE MILLION SEVEN HUNDRED NINETY -SIX
THOUSAND ONE HUNDRED TWENTY -NINE DOLLARS FROM THE LOCAL
GOVERNMENT SEVERANCE TAX FUND CREATED IN SUBPARAGRAPH (I) OF
PARAGRAPH (a) OF SUBSECTION (1) OF THIS SECTION AND TRANSFER SUCH
SUM TO THE KANSAS V. COLORADO PLAINTIFF'S DAMAGES PAYMENT FUND
CREATED IN SECTION24-31-502 (1), C.R.S., TO BE USED FOR THE PURPOSES
SPECIFIED IN SUCH SECTION.

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(b) THIS SUBSECTION (4) IS REPEALED, EFFECTIVE JULY 1,2007.

SECTION 4. 24-75-403 (I) (b), as enacted by House Bill 05-1001,
enacted at the First Regular Session of the Sixty-fifth General Assembly,
is amended to read:

PAGE 4-SENATE BILL 05-226

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