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 11-1113
      
      
      BY REPRESENTATIVE(S) Holbert, Barker, Becker, Beezley, Gardner B.,
      Kerr J., Nikkel, Scott, Stephens, Summers;
      also SENATOR(S) Foster, Aguilar.
      
      
      Concerning the provision of information pertaining to impact fees
           imposed by local governments.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  29-1-803, Colorado Revised Statutes, is amended to
      read:
      
           29-1-803.  Deposit of land development charge.  (1)  Except as
      otherwise provided in this section, All moneys from land development
      charges collected, including any such moneys collected but not expended
      prior to January 1, 1991, shall be deposited or, if collected for another local
      government, transmitted for deposit, in an interest-bearing account which
      clearly identifies the category, account, or fund of capital expenditure for
      which such charge was imposed.  Each such category, account, or fund shall
      be accounted for separately. The determination as to whether the accounting
      requirement shall be by category, account, or fund and by aggregate or
      individual land development shall be within the discretion of the local
      government. Any interest or other income earned on moneys deposited in
      said interest-bearing account shall be credited to the account.  At least
      once annually, the local government shall publish on its official
      web site, if any, in a clear, concise, and user-friendly format
      information detailing the allocation by dollar amount of each
      land development charge collected to an account or among
      accounts, the average annual interest rate on each account, and
      the total amount disbursed from each account, during the local
      government's most recent fiscal year.
      
           (2)  Any county, city and county, or municipality shall be required
      to comply with the provisions of subsection (1) of this section requiring the
      deposit or transmittal of land development charges collected but not
      expended prior to January 1, 1991, only if such land development charges
      were collected on or after January 1, 1986.
      
           SECTION 2.  Act subject to petition - effective date -
      applicability.  (1)  This act shall take effect December 31, 2011; except
      that, if a referendum petition is filed pursuant to section 1 (3) of article V
      of the state constitution against this act or an item, section, or part of this act
      within the ninety-day period after final adjournment of the general
      assembly, then the act, item, section, or part shall not take effect unless
      approved by the people at the general election to be held in November 2012
      and shall take effect on the date of the official declaration of the vote
      thereon by the governor.
      
           (2)  The provisions of this act shall apply to the 2011 and subsequent
      local government fiscal years.
      
      
      
      
      ________________________________________________________
      Frank McNulty                      Brandon C. Shaffer
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                      Cindi L. Markwell
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO