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<br />. <br /> <br />. <br /> <br />. <br /> <br />I <br />2 <br /> <br />THIS SUBSECTION (I), ON OR AFTER JULY I OF EACH FISCAL YEAR, THE <br /> <br />STATE TREASURER SHALL TRANSFER TEN MILLION DOLLARS FROM = THE <br /> <br />3 OPERATIONAL ACCOUNT OF THE SEVERANCE TAX TRUST FUND TO THE <br />4 WATER SUPPLY RESERVE ACCOUNT, ALSO REFERRED TO IN THIS <br />5 SUBPARAGRAPH (III) AS THE "ACCOUNT". THE MONEYS IN THE ACCOUNT <br />6 ARE HEREBY CONTINUOUSLY APPROPRIATED TO THE COLORADO WATER <br /> <br />7 CONSERVATION BOARD FOR PURPOSES AUTHORIZED BY THIS <br /> <br />8 SUBPARAGRAPH (III). ALL INTEREST DERIVED FROM THE INVESTMENT OF <br />9 MONEYS IN THE ACCOUNT SHALL BE CREDITED TO THE ACCOUNT. ANY <br /> <br />10 BALANCE REMAINING IN THE ACCOUNT AT THE END OF ANY FISCAL YEAR <br /> <br />II SHALL REMAIN IN THE ACCOUNT; EXCEPT THAT THE UNENCUMBERED AND <br /> <br />12 UNEXPENDED BALANCE OF THE ACCOUNT SHALL REVERT ON JUNE 30. <br /> <br /> <br />13 2010. TO THE OPERATIONAL ACCOUNT OF THE SEVERANCE TAX TRUST <br /> <br /> <br />14 FUND. THE BOARD SHALL ALLOCATE MONEYS BY GRANT OR LOAN FROM <br /> <br />15 <br /> <br />THEACCOUNTONL YFOR WATER ACTIVITIES APPROVED BY A ROUNDTABLE <br /> <br />16 PURSUANT TO ARTICLE 75 OF TITLE 37, C.RS. THE APPROVING <br /> <br /> <br />17 ROUNDTABLE SHALL BE THE ROUNDTABLE FOR THE BASIN IN WHICH THE <br /> <br />18 PROPOSED WATER DIVERSION OR NONSTRUCTURAL ACTIVITY WOULD <br />19 OCCUR. THE BOARD, IN CONSULTATION WITH THE INTERBASIN COMPACT <br />20 COMMITTEE CREATED IN SECTION 37-75-105, C.RS., SHALL JOINTLY <br />21 ESTABLISH CRITERIA AND GUIDELINES FOR ALLOCATING MONEYS FROM <br />22 THE ACCOUNT. ELIGIBLE WATER ACTIVITIES INCLUDE. BUT ARE EXPRESSLY <br />23 NOT LIMITED TO THE CATEGORIES LISTED IN THIS SUBPARAGRAPH (III). <br />24 THE CRITERIA SHALL ENSURE THAT THE ALLOCATIONS WILL ASSIST <br />15 IN MEETING THOSE WATER SUPPLY NEEDS IDENTIFIED UNDER SECTION <br />16 37-75-104 (2) (c), C.R.S., IN A MANNER CONSISTENT WITH SECTION <br />27 37-75-102, C.R.S., AND SHALL FACILITATE BOTH STRUCTURAL AND <br /> <br />-3- <br /> <br />179 <br />