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<br />. <br /> <br />. <br /> <br />. <br /> <br />143 <br /> <br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Shennan Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4414 <br />www.cwcb.state.co.us <br /> <br />~ <br /> <br />Bill Owens <br />Go\'emor <br /> <br />MEMORANDUM <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />TO: <br />FROM: <br />DATE: <br />RE: <br /> <br />Colorado Water Conservation Board Members <br />Dan McAuliffe <br />March 16, 2001 <br />Agenda Item #10 a & b - Severance Tax Trust Fund Operational <br />Account <br /> <br />Rod Kubaricb <br />Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />After July 1995, one-half of the severance tax receipts credited to the Severance Tax Trust Fund <br />are credited to the Operational Account of the Severance Tax Trust Fund. The" programs <br />supported by the Operational Account must promote and sound natural resource planning, <br />management, and development related to minerals, energy, geology, and water. The General <br />Assembly may appropriate moneys from the total moneys available in the Operational Account <br />as follows: <br /> <br />Colorado Oil and Gas Conservation Commission 45% <br />Colorado Geological Survey 20% <br />Division of Minerals and Geology 30% <br />Colorado Water Conservation Board 5% <br /> <br />The CWCB requests are reviewed by the Board and forwarded to the state Minerals, Energy and <br />Geology Policy Advisory Board (MEGA) Board for review and approval. The requests are then <br />forwarded to the DNR Executive Director for further review and inclusion in the DNR's annual <br />budget request. <br /> <br />The MEGA Board has recommended that the use of the Severance Tax Trust Fund for water <br />project construction and water planning preferably be used in energy impacted areas and the <br />MEGA Board looks for a nexus between our requests and the mineral and energy industry <br /> <br />The money we have received has been a valuable addition to the Construction Fund for local <br />water planning activities. However, use of these moneys requires about 15 -18 months advance <br />planning. <br /> <br />For use in the current Fiscal Year (2000-2001) the CWCB requested and received $585,000. We <br />requested the same amount in Fiscal Year 2001-2002. This money is appropriated through the <br />Long Bill. <br /> <br />I <br />