BOARD00394

• Board Meeting Date: 2/13/2001
• Description: Pending and Proposed Legislation - HB 01-1295, Residential Water Conservation
• Board Meetings - Doc Type: Memo

1 RESIDENTIAL WATER CONSERVATION FEES TRANSFERRED TO THE FUND
. 2 PURSUANT TO SECTION 37-60-203 (1) AND ANY FEDERAL FUNDS, AS
3 DEFINED IN SECTION 24-77-102 (5), c.R.S., OR GIFTS, AS DEFINED IN
4 SECTION 27-77-102 (6), C.R.S., THAT ARE EXEMPT FROM THE LIMITATIONS
5 ON STATE AND LOCAL GOVERNMENT FISCAL YEAR SPENDING SET FORTH IN
6 SECTION 20 (7) (a) OF ARTICLE X OF THE STATE CONSTITIITION AND
7 SECTION 24-77-103, C.R.S., THAT MAY BE CREDITED TO THE FUND. ALL
8 INTEREST AND INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF
9 MONEYS IN THE FUND SHALL BE CREDITED TO THE FUND. ALL MONEYS IN
10 THE FUND ARE CONTINUOUSLY APPROPRIATED TO THE BOARD FOR USE
11 SOLELY IN DEVELOPING, ADVERTISING, AND ADMINISTERING RESIDENTIAL
12 WATER CONSERVATION PROGRAMS AUTHORIZED BY SECTION 37-60-205.
13 MONEYS REMAINING IN THE FUND AT THE END OF ANY STATE FISCAL YEAR
14 SHALL NOT REVERT OR BE TRANSFERRED TO THE GENERAL FUND OF THE
. 15 STATE.
l6 (2) ALL REVENUES FROM RESIDENTIAL W ATER CONSERVATION FEES
17 AND ALL INCOME OR INTEREST DERIVED FROM THE DEPOSIT AND
18 INVESTMENT OF SUCH REVENUES SHALL CONSTITUTE A VOTER-APPROVED
19 REVENUE CHANGE AND SUCH REVENUES, INCOME, AND INTEREST SHALL
20 NOT BE INCLUDED IN EITHER STATE OR LOCAL GOVERNMENT FISCAL YEAR
21 SPENDING FOR PURPOSES OF SECTION 20 OF ARTICLE X OF THE STATE
22 CONSTITIITION AND SECTION 24-77 -l 02 (17), C.R.S.
23 37 -60-205. Residential water conservation programs. powers
24 of board. (l) No LATER THAN DECEMBER 1,2001, THE BOARD SHALL
25 BEGIN DEVELOPING RESIDENTIAL WATER CONSERV ATIONPROGRAMS TO BE
26 FUNDED WITH RESIDENTIAL WATER CONSERVATION FUND MONEYS. IN
. 27 DEVELOPING SUCH PROGRAMS, THE BOARD SHALL EMPHASIZE THE USE OF

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HBOI-1295