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<br />, <br /> <br />4 <br /> <br />S.B. 179 Concerning additional financial support for water project. - Creates the water supply ./ <br />reserve account ("account") in the severance tax trust fund ("fund"), Transfers $10,000,000 from the <br />unencumbered and unexpended balance of the operational account of the fund at the beginning of <br />each fiscal year into the account (thorough 2010). Continuously appropriates the moneys in the <br />account to the Colorado water conservation board for water activities approved by a basin <br />roundtable, including: Competitive grants for environmental compliance and feasibility studies; <br />Technical assistance regarding permitting, feasibility studies, and environmental compliance; <br />Studies or analyses of structural and nonstructural water projects or activities; and Structural and <br />nonstructural water projects or activities. <br /> <br />S.B. 193 - Concerning the development of underground water storage, and, In connection <br />therewith, making an appropriation. - This bill directs CWCB to "conduct a study of the most <br />economically and technically feasible and ecologically sound underground storage sites located in <br />the South Platte and Arkansas River Basins." CWCB may consult with the Interbasin Compact <br />Committee, the Division of Water Resources, and the Colorado Geological Survey (CGS) in <br />conducting this study. <br /> <br />The CGS completed a related study in 2004, Artificial Recharge of Ground Water in Colorado - A <br />Statewide Assessment. This study ranked aquifers throughout the State for their artificial recharge <br />suitability based on various hydrogeologic parameters. Highly ranked sites from the CGS study are <br />to be investigated for this study, taking into account (a) the costs and benefits (including <br />environmental concerns), (b) site ownership issues, (c) aquifer characteristics, (d) proximity to areas <br />of water supply and demand, and (e) existing water infrastructure. <br /> <br />The bill appropriates $125,000 from the unobligated balance of the operational account of the <br />severance tax trust fund. A report is due to the General Assembly by March 1,2007. <br /> <br />e: <br /> <br />e <br /> <br />Flood Protection. Water Project Planning and Financing. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />