BOARD02492

• Board Meeting Date: 5/23/2005
• Description: Status of Legislation
• Board Meetings - Doc Type: Memo

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GRANT PROGRAM CASH FUND, WHICH IS HEREBY CREATED IN THE STATE
TREASURY. FOR THE 2005-06, 2006-07, AND 2007-08 FlSCAL YEARS, THE
GENERAL ASSEMBLY SHAll APPROPRIATE FROM THE FUND TO THE BOARD
UP TO FNE HUNDRED lliOUSAND DOLLARS ANNUALLY FOR THE PURPOSE
OF PROVIDING GRANTS TO COVERED ENTITIES AND AGENCIES IN
ACCORDANCE WIlli TIIIS SUBSECTION (12). THE GENERAL ASSEMBLY
SHALL ALSO APPROPRIATE TO THE BOARD AN AMOUNT NECESSARY TO
COVER THE COSTS ASSOCIATED WITH THE ADMINISTRATION OF THEGRANT
PROGRAM, BUT SUCH APPROPRIATIONS SHALL NOT EXCEED AN AGGREGATE
AMOUNT OF EIGHTYlliOUSANDDOLLARS FOR THE THREE FISCAL YEARS OF
THEGRANTPROGRAM, HOWEVER, IF LESS lHANFIVEHUNDREDlliOUSAND
DOLLARS IS APPROPRIATED OR EXPENDED IN THE 2005-06 OR 2006-07
FISCAL YEAR, AN AMOUNT EQUAL TO THE DIFFERENCE BETWEEN FNE
HUNDRED THOUSAND DOLLARS AND THE AMOUNT ACTUALLY
APPROPRIATED OR EXPENDED IN THAT FISCAL YEAR SHALL BE AVAILABLE
FOR APPROPRIATION AND EXPENDITIJRE IN THE NEXT FISCAL YEAR IN
ADDmON TO THE FIVE HUNDRED THOUSAND DOLLARS AVAILABLE FOR
APPROPRIATION IN THAT FISCAL YEAR. ANY MONEYS REMAINING IN THE
FUND ON JUNE 30, 2008, SHALL BE TRANSFERRED TO THE RESERVE IN THE
OPERATIONAL ACCOUNT OF THE SEVERANCE TAX lRUST FUND DESCRIBED
IN SECTION 39-29-109 (1) (c) (ill) (A), C.R.S.
(b) ANY COVERED ENTITY THAT HAS ADOPTED A WATER
CONSERVATION PLAN AND THAT SUPPLIES, DISlRIBUTES, OR OTHERWISE
PROVIDES WATER AT RETAIL TO CUSTOMERS MAY APPLY FORA GRANT TO
AID IN THE IMPLEMENTATION OF THE WATER EFFICIENCY GOALS OF THE
PLAN. ANY AGENCY MAY APPLY FOR A GRANT TO FUND OUTREACH OR
EDUCATION PROGRAMS AIMED AT DEMONSTRATING THE BENEFITS OF

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