Summary of SB08-221
Short Title: Bonds Forest Health Watershed Projects

Sponsors: Romer & .../Scanlan & ...

Authorizes the Colorado water resources and power development authority to issue bonds for the purposes of funding watershed protection and forest health projects. Permits local governmental entities participating in these projects to specify how the moneys should be allocated by the water resources and power development authority subject to the following:
* Up to 20% may be distributed to the clean energy development authority; and
* The remainder shall be distributed to the state forester. Restores the ability of the water resources and power development authority to establish debt service reserve funds, and restricts the applicability of such funds to watershed protection projects and forest health projects. Directs the clean energy development authority and the state forester to use moneys received from the water resources and power development authority for watershed protection projects and forest health projects. Instructs the state forester to use labor, when feasible, from the Colorado youth corps or an accredited Colorado youth corps organization for watershed protection projects and forest and forest health projects. Expands the definition of "projects" to include watershed protection and forest health projects. Includes timber harvested during such projects as a source of clean energy. Defines terms.

Status
04/08/2008 Introduced In Senate - Assigned to Agriculture, Natural Resources & Energy
04/17/2008 Senate Committee on Agriculture, Natural Resources & Energy Pass Amended to Senate Committee of the Whole
04/22/2008 Senate Second Reading Passed with Amendments
04/23/2008 Senate Third Reading Passed
04/23/2008 Introduced In House - Assigned to Agriculture, Livestock, & Natural Resources
04/29/2008 House Committee on Agriculture, Livestock, & Natural Resources Pass Amended to House Committee of the Whole
04/30/2008 House Second Reading Special Order - Passed with Amendments
05/01/2008 House Third Reading Passed
05/05/2008 Senate Considered House Amendments - Result was to Laid Over Daily05/05/2008
05/05/2008 Senate Considered House Amendments - Result was to Concur - Repass

Amendments

Fiscal Notes Status

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