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<br />Colorado Revised Statutes 1973, as amended. <br />(5) (a) The remaining fifteen percent of all moneys described in <br />paragraph (1) (a) of this section shall, upon receipt, be paid into <br />the local government mineral impact fund, which is hereby created. <br />The director of the department of local affairs shall distribute <br />moneys from such fund in accordance with the purposes and priorites <br />described in subsection (1) of this section. <br />(b) There is hereby created within the department of local <br />affairs an energy impact assistance advisory committee. The committee <br />shall be composed of the executive director of the department of local <br />affairs, the executive director of the department of natural resources, <br />the commissioner of education, the executive director of the state <br />department of highways, the director of the Colorado water conservation <br />board in the department of natural resources, and four residents of <br />areas impacted by energy conversion or mineral resource development. <br />The four residents shall be appointed by the governor for terms not <br />exceeding four years to serve at the pleasure of the governor. The <br />executive director of the department of local affairs shall act as <br />chairman of the committee. Members of the committee shall serve without <br />additional compensation, except that the four members from energy impact <br />areas shall be entitled to reimbursement for actual and necessary <br />expenses. Any member of the committee who is a state official may <br />designate representatives of his agency to serve on the committee in <br />his absence. The chairman shall convene the advisory committee from <br />time to time as he or she deems necessary. Such advisory committee <br />shall continuously review the existing and potential impact of the <br />development, processing or energy conversion of mineral and fuel <br /> <br />-3- <br /> <br />234' <br />