- Associated Press - Saturday, March 29, 2014

GRAND JUNCTION, Colo. (AP) - More than $4.2 million in federal mineral lease funds is headed back to local communities after Grand Junction’s finance department alerted officials that the money hadn’t been distributed.

The Daily Sentinel (https://tinyurl.com/qfodqkx ) reported that Gov. John Hickenlooper signed a bill distributing the funds on Friday.

Officials in Grand Junction’s finance department noticed in July that the money had not been distributed. The city notified state representatives and the Associated Governments of Northwest Colorado, which forwarded the concerns to members of Colorado’s Joint Budget Committee.

In a statement Friday, the AGNC said the funds would be welcome by local governments who are seeing reduced revenues.

Federal mineral lease dollars are distributed based on local energy production. The federal dollars are distributed in Colorado by the state Department of Local Affairs.


Information from The Daily Sentinel, www.gjsentinel.com

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