CGA-LegislativeCouncil:Archives Severance Tax and Federal Mineral Lease Revenue Allocation 2007

Archives Severance Tax and Federal Mineral Lease Revenue Allocation 2007

Working Group
Terry Carwile, Craig City Council	Susan Kirkpatrick, Director, Department of Local Affairs
Rebecca Frank, Wildlife and Sportsmen Interests	Craig Meis, Mesa County Commissioner
Phil James, Colorado Wildlife Commission and The Nature Conservancy	Ben Pearlman, Boulder County Commissioner
Bill Jerke, Weld County Commissioner	Harris Sherman, Director,Department of Natural Resources
Shane Henry, Williams Companies, Inc.	Sherri Wright, Board Member, Montezuma-Cortez School District and San Juan Technical College
Doug Kemper, Colorado Water Congress

Todd Herreid todd.herreid@state.co.us, Jason Schrock, jason.schrock@state.co.us,

Marc Carey, marc.carey@state.co.us, Danica Bracken, danica.bracken@state.co.us

Agendas and meeting summaries can be accessed using the Meeting Date links located below. An agenda will be available prior to each meeting. After the meeting has been held, the meeting summary, upon completion, will be available through the same Meeting Date link. After August 25, 2004, recordings of hearings held out-side of the State Capitol Building will be provided in Windows Media Audio Format.

2007 Committee Schedule

Meeting Date	Time	Location
June 21, 2007	11:00 a.m. - 5:30 p.m.	HCR 0112
July 23. 2007 Tour of Mineral Extraction Activities Recording Available Upon Request	8:00 a.m. - 6:15 p.m.	Garfield & Rio Blanco Counties
July 24, 2007 Recording Available Upon Request	7:30 a.m. - 4:15 p.m.	RE-2 School District Administration Facility 839 Whiteriver Ave. Rifle, CO
~~August 15, 2007~~ Meeting Cancelled	11:00 a.m. - 5:00 p.m.	HCR 0112
August 28, 2007	10:00 a.m. - 5:15 p.m.	HCR 0112
September 13, 2007	10:30 a.m. - 4:30 p.m.	HCR 0112
October 10, 2007	10:00 a.m. - 5:00 p.m.	HCR 0112
November 1, 2007	9:00 a.m. - 3:00 p.m.	HCR 0112
~~November 14, 2007~~ Meeting Cancelled	1:00 p.m. - 4:00 p.m.	HCR 0107

Proposed Legislation
Bill Designation	Short Title	Fiscal Note	Bill Number
Bill A	Distribution to local governments of state revenues derived from mineral extraction within the state		Bill 4
Bill B	Appropriation of moneys from the operational account of the severance tax trust fund to the department of natural resources		Bill 10
Bill C	An option for prepayment of severance tax liability available to a taxpayer for mitigation of the impact of mineral or mineral fuel severance		Bill 17

Bills not considered by committee
Bill Designation	Short Title
Bill 1	Technical Corrections to the Method for Distributing State Revenues Derived from Mineral Extraction within the State
Bill 2	Employee residence reporting process used to calculate the distribution payments to local governments from the local government severance tax fund
Bill 3	Governance of the distribution of state revenues derived from mineral extraction within the state
Bill 5	Mineral Impact Infra Financing Auths
Bill 5A	Fed Mineral Lease Revenue Securitization
Bill 6	Allocation of the federal mineral land lease revenue for capital construction projects for state institutions of higher education
Bill 7	Decrease in the percentage used to value oil and gas interests for purposes of determining the property tax
Bill 8	Increase in the tax on the severance of uranium within the state
Bill 9	Authority of local governments to impose impact fees to defray projected impacts required to support the expanded development of natural resources
Bill 11	Allocation of revenues received pursuant to federal mineral leases
Bill 12	Appropriations from the operational account of the state severance tax trust fund
Bill 13	Creation of a permanent trust fund from revenues derived from mineral extraction
Bill 14	Creation of the Colorado higher education trust fund -
Bill 15	Distribution of federal mineral leasing revenues
Bill 16	Allocation of federal mineral lease revenues

Materials from Committee and Working Group Meetings
June 21, 2007	Presentations from Committee Meeting
July 23, 2007	Tour of Mineral Extraction Activities - Garfield and Rio Blanco Counties
July 24, 2007	Committee Meeting - Rifle Colorado
August 6, 2007	Handouts/Presentations from Working Group Meeting
August 15, 2007	Handouts/Presentations from Working Group Meeting
August 28, 2007	Presentations from Committee Meeting
August 29, 2007	Handouts/Presentations from Working Group Meeting
September 12, 2007	Handouts/Presentations from Working Group Meeting
September 13, 2007	Handouts/Presentations from Committee Meeting
September 28, 2007	Handouts/Presentations from Working Group Meeting

Staff Reports and Committee Memoranda
Date	Title/Subject
2006	Colorado Mineral and Energy Industry Activities, 2006
June 2006	State Auditor's Severance Tax Performance Audit
November 15, 2006	Tax Burden for Oil and Gas Producers in Five Western States
2007	Global Framework for the Increased Demand for Colorado's Energy and Mineral Resources
2007	Need for Mitigation of Energy Development Impacts on Wildlife
2007	Severance Tax Funding
June 21, 2007	Allocation of Severance Tax and Federal Mineral Leasing Revenue
June 21, 2007	Existing Structure of Mineral Revenues in Colorado
June 21, 2007	Map of Oil and Gas Basins and Fields in Colorado
July 2007	Approved Scope for Working Group
July 16, 2007	Water Related Impacts from Energy and Mineral Production Studies
August 2007	State Auditor's Severance Tax Direct Distribution Methodology Performance Audit
September 12, 2007	Literature Review of Impact Studies for Oil and Gas Development
September 13, 2007	Severance Tax and FML Revenue Amounts Contributed and Received by 16 of the Largest Mineral Producing Counties
September 13, 2007	Working Group Report to the Interim Committee
September 28, 2007	Combining Severance Tax and Federal Mineral Leasing Revenue
October 10, 2007	Working Group Recommendations for Interim Committee
October 2007	State Auditor's Energy and Mineral Impact Grants, Department of Local Affairs, Performance Audit