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BOARD02252
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Last modified
8/16/2009 3:13:55 PM
Creation date
10/4/2006 7:13:00 AM
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Template:
Board Meetings
Board Meeting Date
5/16/2006
Description
Legislative Update - Review of Important Water Legislation
Board Meetings - Doc Type
Memo
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<br />. <br /> <br />(A) FOUR MILLION FOUR HUNDRED THOUSAND DOLLARS AND <br />TRANSFER SUCH SUM TO THE CAPITAL ACCOUNT OF THE SPECIES <br />CONSERVATIONTRUSTFUNDCREATEDINSECTION24-33-I11 (2) (a), C.R.S.; <br />AND <br /> <br />(B) FOUR MILLION FOUR HUNDRED THOUSAND DOLLARS AND <br />TRANSFER SUCH SUM TO THE OPERATION AND MAINTENANCE ACCOUNT OF <br />THESPECIESCONSERVATIONTRUSTFUNDCREATEDINSECTION24-33-11I (2) <br />(a), C.R.S.; <br /> <br />(III) THIS PARAGRAPH (k) IS REPEALED, EFFECTIVE JULY 1,2007. <br /> <br />SECTION 4. 24-33-Ill (2) (b), (2) (c), (2) (d), and (2) (e), <br />Colorado Revised Statutes, are amended to read: <br /> <br />. <br /> <br />24-33-111. Conservation of native species - fund created - repeal. <br />(2) Species conservation trust fund - creation. (b) (I) Notwithstanding <br />any provision of this section to the contrary, on March 27, 2002, the state <br />treasurer shall deduct two million five hundred thousand dollars from the <br />capital account of the species conservation trust fund and transfer such sum <br />to the general fund. <br /> <br />(II) THIS PARAGRAPH (b) IS REPEALED, EFFECTIVE JULY I, 2007. <br /> <br />( c) (I) In order to restore the amount transferred from the capital <br />account of the species conservation trust fund pursuant to paragraph (b) of <br />this subsection (2): <br /> <br />ffl(A) On June 30, 2002, the state treasurer shall transfer an amount <br />of reversions to the general fund for the 2001-02 fiscal year to the capital <br />account of the species conservation trust fund equal to the amount of such <br />reversions or the amount transferred from the capital account of the species <br />conservation trust fund pursuant to paragraph (b) of this subsection (2), <br />whichever is less. <br /> <br />tH7 (B) To the extent the amount transferred from the capital <br />account of the species conservation trust fund pursuant to paragraph (b) of <br />this subsection (2) is not fully restored pursuant to subparagraph (I) of this <br />paragraph (c), moneys from the general fund shall be transferred to the <br />capital account of the species conservation trust fund pursuant to section <br /> <br />. <br /> <br />PAGE 5-HOUSE BILL 06-1311 <br />
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