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<br />Another funding source is the Severance Tax Trust Fund Perpetual Base Account. <br />Twenty-five percent of the revenues collected from the production of oil, gas, coal and a <br />few other minerals are set aside for loans for water projects (32-29-109 C.R.S.) <br /> <br />The Board is also statutorily allowed to annually request up to five percent of the funds in <br />the Severance Tax Trust FUnd Operational Account for projects and programs that relate <br />to energy, mining, geology and water. In requesting these funds the Board cooperates and <br />consults with the state Minerals, Energy and Geology Policy Advisory (MEGA) Board. <br />The requests for funds are reviewed by the CWCB, the MEGA and are the DNR <br />Executive Director who may forward such requests to the Govemor and the General <br />Assembly for consideration and appropriation through the Long Bill (32-20-104 and 32- <br />29-109 C.R.S.) <br /> <br />Instream Flow and Natural Lake Level Protection <br /> <br />The 1973 General Assembly enacted Senate Bill 97, which created the Colorado Instream <br />Flow and Natural Lake Level Program ("I SF Program") to be administered exclusively <br />by the CWCB. The statutory authorities for the ISF Rules are found at ~ 37-60-108 <br />C.R.S. (1990) and ~ 37-92-102 (3) C.R.S. (1990). The basic purpose of these Rules is to <br />codify existing CWCB procedures for implementing this program. CWCB is responsible <br />for the appropriation and protection of instream flow and natural lake level water rights to <br />preserve the natural environment to a reasonable degree and the acquisition of water <br />rights to preserve and improve the natural environment. <br /> <br />State statutes require the Colorado Water Quality Control Commission to advise, consult <br />and cooperate with the Board to protect the quality of the water for beneficial uses; <br />minimize negative impacts on water rights and to avoid adopting control regulations that <br />would be either redundant or unnecessary (25-8-101 to 25-8-209 C.R.S.) <br /> <br />Conservation and Drought Planning <br /> <br />General statutory authority is given to the Board to provide conservation and drought <br />planning support to the State and its citizen under ~ 30-60-124 and ~ 30-60-106 C.R.S., <br />respectively. The Office of Water Conservation (OWC) was established in 1991. Its <br />primary tasks are incorporated into the Conservation and Drought Planning Section. The <br />section develops and approves water efficiency plans, monitor water use, provides <br />technical assistance and public information, inventories and prepares drought plans and <br />assists with policy development, while networking with water suppliers, legislators and <br />key constituencies. <br /> <br />Page 4 of 4 <br />