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Water Supply Reserve Account <br />Annual Review of the Criteria and Guidelines <br />June 19, 2007 <br /> <br />To implement the Water Supply Reserve Account (WSRA), the IBCC and the CWCB formed a <br />joint working group to create a set of criteria and guidelines for allocating moni es from the <br />WSRA. The Criteria and Guidelines: <br />? <br /> <br />Outline the relative roles of the IBCC, the Basin Roundtables, and the CWCB <br />? <br /> <br />Establish Basin Accounts and a Statewide Account and outline the funding and cash <br />management strategy to administer these accounts <br />? <br /> <br />E stablish eligibility requirements <br />? <br /> <br />Outline the application process <br />? <br /> <br />Establish 4 Threshold Criteria which must be met to receive funding from the either the <br />Basin Accounts or the Statewide Account <br />? <br /> <br />Establish Evaluation Criteria which will be used to evaluate t he merits of a water activity <br />proposed for funding from the Statewide Account. <br /> <br />Annual Review <br />The Criteria and Guidelines state that each year the IBCC and the CWCB will jointly review and <br />revise the Criteria and Guidelines. In 2007 this joint review is a nticipated to address: <br />? <br /> <br />The cash management strategy based on the changes from House Bill 07 - 1372. The bill <br />reduced the 2007 - 08 fiscal year appropriation to $6 million and extended the program for <br />a fifth year with an appropriation of $6 million for fiscal year 2010 - 11. Total <br />appropriations for this five year period will increase from $40 million to $42 million. <br />? <br /> <br />The allocation of funds between the Statewide Account and the individual Basin <br />Accounts. <br />? <br /> <br />The interpretation of Threshold Criteria #2, which is t he water rights protection clause of <br />House Bill 05 - 1177 (C.R.S. 37 - 75 - 102). <br />? <br /> <br />Other issues identified by the CWCB, the IBCC, or the Basin Roundtables. <br /> <br />Requirement of matching funds <br />o <br /> <br />Narrowing of evaluation criteria <br />o <br /> <br />Joint Work Group <br />Staff recommends re - conven ing an IBCC/CWCB Joint Work Group to perform the annual <br />review. The original Joint Work Group included: <br /> <br />IBCC CWCB <br />Official Harold Miskel <br />Wayne Vanderscheure Eric Wilkinson <br />John Porter Barbra Biggs <br />Ray Wright <br />Melinda Kassen <br />Unofficial <br />Dan Birch <br />Sen. Ji m Isgar <br />Rep. Kathleen Curry <br />Mark Catlin <br /> <br />