NOTE:  This bill has been prepared for the signature of the appropriate legislative
officers and the Governor.  To determine whether the Governor has signed the bill
or taken other action on it, please consult the legislative status sheet, the legislative
      history, or the Session Laws.
      
      
      HOUSE BILL 07-1024
      
      
      BY REPRESENTATIVE(S) Cerbo, McGihon, Gagliardi, Green, Labuda,
      Soper, and Todd;
      also SENATOR(S) Tochtrop, and Williams.
      
      
      Concerning a property tax exemption for property of the fire and
           police pension association, and making an appropriation
           therefor.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  31-31-201, Colorado Revised Statutes, is amended
      BY THE ADDITION OF A NEW SUBSECTION to read:
      
           31-31-201.  Association - creation - board - organization - tax
      exemption.  (1.5)  The general assembly hereby finds and declares
      that the fire and police pension association is a political
      subdivision of the state and that property owned, used, and
      occupied by the association is intended to be exempt from property
      tax as property of the state under section 4 of article X of the
      state constitution.  Accordingly, for property tax years
      commencing on or after January 1, 2007, all real property owned,
      used, and occupied by the association and personal property
      owned and used by the association shall be exempt from the levy
      and collection of property tax.
      
           SECTION 2.  Appropriation.  In addition to any other
      appropriation, there is hereby appropriated, out of any moneys in the
      general fund not otherwise appropriated, to the department of education, for
      assistance to public schools, public school finance, for the fiscal year
      beginning July 1, 2007, the sum of twelve thousand dollars ($12,000), or so
      much thereof as may be necessary, for the implementation of this act.
      
           SECTION 3.  Safety clause.  The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ________________________________________________________
      Andrew Romanoff                      Joan Fitz-Gerald
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                          Karen Goldman
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    Bill Ritter, Jr.
                                    GOVERNOR OF THE STATE OF COLORADO