Department of Local Affairs awards more than $27 million to local governments
DENVER, CO. – Wednesday, August 10, 2016 -- The Colorado Department of Local Affairs (DOLA) has announced the award of $27,542,811 to local governments for 48 projects as part of the Tier I and II Energy and Mineral Impact Assistance Program. DOLA also awarded $470,552 for three Broadband initiatives.
DOLA distributes these awards which are derived from energy and mineral extraction statewide. The purpose of the program is to assist communities that are socially and/or economically impacted by the development, processing, or energy conversion of minerals and mineral fuels. Funds come from the state severance tax on energy and mineral production and from a portion of the state's share of royalties paid to the federal government for mining and drilling of minerals and mineral fuels on federally-owned land.
“Energy impact funds are extremely important to Colorado communities” said Irv Halter, executive director of DOLA. “This cycle of funding will help local governments with critical public infrastructure projects that meet immediate needs and leverage millions of dollars from other funding sources.”
Applications for the next grant cycle are currently being accepted through the DOLA Regional Managers and are due on Thursday, September 6, 2016. The process for this round of funding will continue as usual and will be awarded pending the availability of sufficient funds.
To learn more about the Energy and Mineral Impact Assistance Program, visit: http://bit.ly/2b5Geln