|
<br />(6) THE BOARD IS HEREBY AUTHORIZED TO RECOMMEND THE
<br />APPROPRIATION AND EXPENDITURE OF SUCH REVENUES AS ARE NECESSARY
<br />FROM THE UNOBLIGATED BALANCE OF THE FIVE PERCENT SHARE OF THE
<br />OPERATIONAL ACCOUNT OF THE SEVERANCE TAX TRUST FUND DESIGNATED
<br />FOR USE BY THE BOARD FOR THE PURPOSE OF THE OFFICE PROVIDING
<br />ASSISTANCE TO COVERED ENTITIES TO DEVELOP WATER CONSERVATION
<br />PLANS THAT MEET THE PROVISIONS OF TIllS SECTION,
<br />
<br />(7) By JULY 1,2005, THE BOARD SHALL ADOPT GUIDELINES FOR THE
<br />OFFICE TO REVIEW WATER CONSERVATION PLANS SUBMITTED BY COVERED
<br />ENTITIES, THE GUIDELINES SHALL DEFINE THE METHOD FOR SUBMITTING
<br />PLANS TO THE OFFICE, HOW THE OFFICE WILL PRIORITIZE THE DISTRIBUTION
<br />OF MONEYS, AND THE INTEREST RATE SURCHARGE PROVIDED FOR IN
<br />PARAGRAPH (d) OF SUBSECTION (9) OF THIS SECTION,
<br />
<br />(8) A covered entity may at any time adopt changes to the AN
<br />APPROVED plan IN ACCORDANCE WITH TillS SECTION APTER NOTIFYING AND
<br />RECEIVING CONCURRENCE FROM THE OFFICE. If the proposed changes are
<br />major, the covered entity shall give public notice of the changes, make the
<br />changes available in draft form, and provide the public an opportunity to
<br />comment on such changes before adopting them IN ACCORDANCE WITH
<br />SUBSECTION (5) OF TIllS SECTION,
<br />
<br />(9) (a) Afti:::l fi,G )GlIB following hUG 4, 1991, Neither the board
<br />nor the Colorado water resources and power development authority shall
<br />w..,"-'''"'yl aLl a1-'1-'l~,,",dl~uLl [J.UHl RELEASE LOAN PROCEEDS TO a covered entity for
<br />
<br />Guau"-'~al a~~~~lalH....,-, ~u tLv ,,-,uu~t-1u,,-,l~uu vI auy vval,_.>.L J~V\_.>.L~~UU, ~lu.Lao'-"
<br />\,.,uuv"-'yau"-,,,-,, vvdh...>.L t-l\...>al.l.ll\...>lil, Vi vva~l,-,vval,-,.L t-l\...>al.l.ll\_.>l.ll [a,,-,a~ly unless such
<br />
<br />covered entity indtl.:k, PROVIDES a copy of the water tl,G dfkknG)
<br />CONSERVATION plan adopted pursuant to this section; llnd II Gor) of othi:::l
<br />511Gb. pliilB, if iillY, 6tnGI vvL~G ildoptGd by the. G6vGIGd Gntity. EXCEPT THAT
<br />THE BOARD OR THE AUTHORITY MAY RELEASE SUCH LOAN PROCEEDS IF THE
<br />BOARD OR THE AUIHORITY, AS APPLICABLE, DETERMINES THAT AN
<br />UNFORSEEN EMERGENCY EXISTS IN RELATION TO THE COVERED ENTITY'S
<br />LOAN APPLICATION, IN WIllCH CASE THE BOARD OR THE AUTHORITY, AS
<br />APPLICABLE, MAY IMPOSE A LOAN SURCHARGE UPON THE COVERED ENTITY
<br />THA T MAY BE REBA TED OR REDUCED IF THE COVERED ENTITY SUBMITS AND
<br />ADOPTS A PLAN IN COMPLIANCE WITH TillS SECTION IN A TIMELY MANNER AS
<br />DETERMINED BY THE BOARD OR THE AUIHORITY, AS APPLICABLE.
<br />
<br />(b) AftGl f1,G )Gll15 flom hIli::: 4, 1991, The board and the Colorado
<br />
<br />PAGE 8-HODSE BILL 04-1365
<br />
|