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<br />ACCOUNT OF THE SEVERANCE TAX TRUST FUND CREATED BY SECTION 39-29-109. C.R.S.. UP TO ONE MILI.ION <br />DOLLARS IN THE PERPETUAL BASE ACCOUNT OF THE SEVERANCE TAX TRUST FUND ARE CONTlNUmTSLY <br />APPROPRIATED TO THE DIRECTOR OF THE COLORADO WATER CONSERVATION BOARD AND THE STATE ENGINEER <br />ANNUALLY PER SUCH DESIGNATION OR PROCLAMATION TO MAKE LOANS AND GRANTS TO AGRICULTURAL <br />ORGANIZATIONS FOR EMERGENCY DROUGHT-RELATED WATER AITGMENTATlON PITRPOSES. <br />(2) THE DIRECTOR OF THE COLORADO WATER CONSERVATION BOARD AND THE STATE ENGINEER <br />SHALL CONSULT WITH THE COMMISSIONER OF AGRICfJLTlJRE AND THE EXECUTIVE DIRECTOR OF THF <br />DEPARTMENT OF NATURAL RESOITRCES BEFORE MAKING ANY LOANS OR GRANTS PURSUANT TO THIS <br />SECTION. WITHIN THREE MONTHS AFTER THE END OF ANY FISCAL YEAR DURING WHICH THE SPENDING <br />AUTHORITY CREATED PURSUANT TO THIS SECTION IS EXERCISED, THE DIRECTOR AND THE STATE ENGINEER <br />SHALL REPORT TO THE GENERAL ASSEMBLY REGARDING HOW SUCH SPENDING AUTHORITY WAS EXERCISED. <br />SECTION 2. Safetv clause. The llenera1 assemblv hereby finds. determines. and declares that this act <br />is necessarY for the immediate "reservation of the DuhHe neace. health. and safetv. <br />