Colorado Revised Statutes Title 39. Taxation § 39-29-109.3. Severance tax operational fund--core reserve--grant program reserve--definitions--repeal

(b) For programs within the Colorado geological survey, up to fifteen percent of the moneys in the operational fund;

(b.5) For the avalanche information center, up to five percent of the moneys in the operational fund;

(c) For programs within the division of reclamation, mining, and safety, up to thirty percent of the money in the operational fund for fiscal years commencing before July 1, 2008, and up to twenty-five percent of the money in the operational fund for fiscal years commencing on or after July 1, 2008;

(d) For programs within the Colorado water conservation board and for purposes authorized by article 75 of title 37, C.R.S., up to five percent of the moneys in the operational fund;

(e) For fiscal years commencing on or after July 1, 2008, only, for programs within the division of parks and wildlife that monitor, manage, or mitigate the impacts of mineral or mineral fuel production activities on wildlife in any region of the state in which production activity is occurring or, from any location in the state, research such impacts, up to five percent of the moneys in the operational fund, which moneys shall not supplant moneys that would otherwise be made available for such programs;

(f) For fiscal years commencing on or after July 1, 2009, for programs within the division of parks and wildlife that operate, maintain, or improve state parks in any region of the state in which production activity is occurring, up to ten percent of the moneys in the operational fund.

(g) If the general assembly appropriates less than one hundred percent of the money available in the operational fund for the purposes set forth in subsections (1)(a) to (1)(f) of this section, then the general assembly may additionally appropriate:

(3)(a) It is the intent of the general assembly that the operational fund maintain a reserve equal to two times the current state fiscal year's appropriations made from the operational fund, but if severance tax revenues are less than anticipated, then money in the reserve is available to be used for expenditures authorized by the appropriations.

(b) Repealed by Laws 2012, Ch. 221, § 1, eff. July 1, 2014.

(c) Repealed by Laws 2016, Ch. 279, § 1, eff. July 1, 2017.

(3.5)(a) Repealed by Laws 2021, Ch. 255 (S.B. 21-281), § 5, eff. June 18, 2021.

(b) If at the end of a fiscal year the reserve for the operational fund specified in subsection (3)(a)(I) of this section is full, then, on August 15 following the end of the fiscal year, the state treasurer shall transfer the remainder to the severance tax perpetual base fund created in section 39-29-109(2)(a).

(c) Repealed by Laws 2019, Ch. 68 (S.B. 19-016), § 1, eff. July 1, 2020.

(10)(a) On July 1, 2023, the state treasurer shall transfer ten million dollars from the operational fund to the capital construction fund created in section 24-75-302(1)(a) for use by state-supported institutions of higher education in energy impacted counties for energy-related programs or projects.

(b) This subsection (10) is repealed, effective July 1, 2026.

(11)(a) On June 30, 2025, the state treasurer shall transfer eighteen million two hundred fifty-nine thousand eight hundred five dollars from the fund to the general fund.

(b) This subsection (11) is repealed, effective June 30, 2026.

(12)(a) On July 1, 2024, the state treasurer shall transfer seven hundred forty-eight thousand dollars from the operational fund to the clean water cash fund created in section 25-8-210(4) for use by the department of public health and environment in administering the program described in section 25-8-205.1.

(b) This subsection (12) is repealed, effective July 1, 2027.