Board Meeting 03/17/1980

• Board Meeting Date: 3/17/1980
• Description: Agenda and Minutes
• Board Meetings - Doc Type: Meeting

COLORADO WATER CONSERVATION BOARD
823 State Centennial Building
1313 She~man Street
Denver, colorado 80203

January 10, 1980

M E ~ 0 S A N Q U M

TO: J. William McDonald

FROM: Ricl1ard L. Teed

SUBJECT: Severance Tax Funding for Water Projects

1. AllocatiOtl of Severance Tax Revenues

A.

Oil and Gas
After June 30, 1981

- 100% State General Fund
50% Severance Tax Trust Fund
50% Local Government Severance Tax Fund

B. Oil Sbale 40% State General Fund
40% State Severance Tax Trust Fund
20% Local Government Severance Tax Fund
After June 30, 1981 50% Severance Tax Trus t Fund
50% Local Government Severance Tax Fund
C. Molybdeum
Before June 30, 1979 - 70% State General Fund
20% State Severance Tax rrust Fund
10% Local Government Severance Tax Fund
Before June 30, 1980 - 60% State General Fund
30% State Severance Tax rrust Fund
10% Local Government Severance Tax Fund
Before June 30, 1981 - 50% State General Fund
40% State Severance Tax rrust Fund
10% Local Government Severance Tax Fund
After June 30, 1981 50% Severance Tax Trus t Fund
50% Local Government Severance Tax Fund

D. Coal and Metallic Minerals
Before June 30, 1979 - 40% State General Fund
15% State Severance Tax Trust Fund
45% Local Government Severance Tax Fund
Before June 30, 1980 - 30% State General Fund
25% State Severance Tax Trust Fund
45% Local Government Severance Tax Fund