BOARD02436

• Board Meeting Date: 9/25/2000
• Description: CF Section - Financial Matters
• Board Meetings - Doc Type: Memo

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POLICY NUMBER: 14

SUBJECT:

APPROVAL AND PRIORITIZATION OF GRANT
APPLICATIONS FROM THE CONSTRUCTION FUND
AND THE SEVERANCE TAX TRUST FUND
OPERATIONAL ACCOUNT

EFFECTIVE DATE: October 1, 2000

POLICY:

The Colorado Water Conservation Board (CWCB) will accept
applications for grants from the Construction Fund and from the
Severance Tax Trust Fund Operational Account on or before
August 31 of each year. Grant applications for funding from the
Construction Fund will be accepted for the following types of
projects only:

1. Proj ects or studies of statewide impact or
importance.
2. Feasibility studies and demonstration projects that
have significant potential to result in loans from
either the Construction Fund or the Severance Tax
Trust Fund Perpetual Base Account.

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The CWCB may, in any year, recommend approval to the General
Assembly for any project that the Board deems worthy of funding
in the above categories and for which funds in excess of annual
demands for loans are proj ected to be available. Construction Fund
loan applications shall have priority over grant applications.

The CWCB will also review applications for grants from the
Severance Tax Trust Fund Operational Account for all other types
of water management projects and studies that meet the established
goals and program needs of the CWCB Long Range Plan and the
Severance Tax Trust Fund Operational Account. The CWCB will
then recommend approval to the Minerals, Energy, and Geology
Advisory (MEGA) Board for those grant applications that meet the
goals and program needs and are within the amount of the annual
CWCB allocation for the Severance Tax Trust Fund Operational
Account.

PURPOSE:

To establish a grant approval and prioritization process for grants
from the Construction Fund and Severance Tax Trust Fund
Operational Account.

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