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.
      
      
      SENATE BILL 11-222
      
      
      BY SENATOR(S) Hodge, Steadman, Lambert;
      also REPRESENTATIVE(S) Gerou, Becker, Ferrandino, Stephens.
      
      
      Concerning transfers of moneys relating to capital construction.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  23-19.9-102 (2) (b), Colorado Revised Statutes, is
      amended BY THE ADDITION OF A NEW SUBPARAGRAPH to read:
      
           23-19.9-102.  Higher education federal mineral lease revenues
      fund - higher education maintenance and reserve fund - creation -
      sources of revenues - use.  (2) (b) (V)  Notwithstanding any provision
      of this subsection (2) to the contrary, on the effective date of this
      subparagraph (V), the state treasurer shall deduct one million
      one hundred twenty-eight thousand six hundred twenty-four
      dollars from the higher education maintenance and reserve fund
      and transfer such sum to the general fund.
      
           SECTION 2.  24-75-302 (2) (x), Colorado Revised Statutes, is
      amended to read:
      
           24-75-302.  Capital construction fund - capital assessment fees -
      calculation.  (2)  As of July 1, 1988, and July 1 of each year thereafter
      through July 1, 2012, a sum as specified in this subsection (2) shall accrue
      to the capital construction fund.  The state treasurer and the controller shall
      transfer such sum out of the general fund and into the capital construction
      fund as moneys become available in the general fund during the fiscal year
      beginning on said July 1.  Transfers between funds pursuant to this
      subsection (2) shall not be deemed to be appropriations subject to the
      limitations of section 24-75-201.1.  The amount that shall accrue pursuant
      to this subsection (2) shall be as follows:
      
           (x)  On July 1, 2011, forty-eight million one hundred
      seventy-one thousand seven hundred forty-nine dollars, plus
      seven hundred fifty thousand nine hundred ninety dollars pursuant to S.B.
      07-096, enacted at the first regular session of the sixty-sixth general
      assembly; plus three hundred seventy-five thousand four hundred
      ninety-five dollars pursuant to S.B. 08-239, enacted at the second regular
      session of the sixty-sixth general assembly;
      
           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.
      
      
      
      
      ____________________________  ____________________________
      Brandon C. Shaffer                      Frank McNulty
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Cindi L. Markwell                      Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO