The act allocates $20 million from the general fund to the Colorado water conservation board (CWCB) to be spent to implement the state water plan as follows:
- $15 million, which is transferred to the water plan implementation cash fund and appropriated to the department of natural resources for expenditures and grants administered by the CWCB to implement the state water plan; and
- $5 million, which is transferred to the water supply reserve fund for the CWCB to disperse to the basin roundtables.
The act also establishes a minimum 25% matching fund requirement for the water plan implementation grant program; except that, during 2021 and 2022, the CWCB can reduce the minimum match requirement.
(Note: This summary applies to this bill as enacted.)