CO HB1098

Changes the duty language of the Colorado Oil and Gas Conservation Commission from "It is the duty of" to "SHALL" when collecting charges and penalties under Article 60 and remitting them to the state treasurer.

Creates an environmental response account within the oil and gas conservation and environmental response fund, into which penalties under section 34-60-121 (1) are deposited.

Allows the year-end balance of the environmental response account to remain in the account rather than reverting, enabling funds to carry over annually.

Specifies that expenditures authorized under section 34-60-124 (4) shall be paid from the environmental response account, while expenditures under section 34-60-124 (10) shall not be paid from the account.

Requires the general assembly to annually make appropriations for purposes authorized by section 34-60-124, with warrants drawn against appropriations as provided by law.