NOTE: The governor signed this measure on 4/16/2012.
      
      
      HOUSE BILL 12-1009
      
      
      BY REPRESENTATIVE(S) Gerou, Barker, Becker, Brown, Conti,
      DelGrosso, Kerr A., Liston, Looper, Murray, Nikkel, Priola, Sonnenberg,
      Summers, McNulty;
      also SENATOR(S) Lambert, Cadman, Hodge, Mitchell, Steadman.
      
      
      Concerning a report related to the federal moneys received by
           the executive branch.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  Short title. This act shall be known and may be cited
      as the "Federal Funds Transparency Act".
      
           SECTION 2.  In Colorado Revised Statutes, amend 24-75-212 as
      follows:
      
           24-75-212.  Legislative reporting of federal moneys - definitions.
      (1) (a)  Each department and agency of the executive branch of state
      government state agency shall submit to the controller by October 1 of
      each year a report of all federal moneys received by the department or
      state agency. listing each Except as set forth in paragraph (d) of this
      subsection (1), for each separate grant of federal moneys
      received, the state agency shall include in the report the
      following information:
      
           (I)  The federal program;
      
           (II)  A citation to its federal statutory authority; and
      
           (III)  The amount received under such program, including indirect
      cost recoveries; during the prior year.
      
           (IV)  The purpose for which the moneys were used;
      
           (V)  The percentage of the federal moneys that the state
      agency used for administrative expenses; and
      
           (VI)  A summary of any obligations imposed on the state as
      a result of accepting the federal moneys.
      
           (b)  The state agency shall also include in the report the
      following information:
      
           (I)  The total amount of all federal moneys received by the
      state agency;
      
           (II)  The percentage of the state agency's total spending
      that was from federal moneys; and
      
           (III)  Plans for operating the state agency if there is a
      reduction of:
      
           (A)  Five percent or more in the total amount of all federal
      moneys that the state agency receives; and
      
           (B)  Twenty-five percent or more in the total amount of all
      federal moneys that the state agency receives.
      
           (c)  A state agency shall use the most recently completed
      state fiscal year as of the report deadline in determining the
      information required by this subsection (1).
      
           (d)  A state institution of higher education is not required
      to include the information required by subparagraphs (IV), (V),
      and (VI) of paragraph (a) or paragraph (b) of this subsection (1) in
      its report to the controller.
      
           (2)  In accordance with the provisions of section 24-1-136 (9),
      the controller shall submit to the general assembly by November 1 of each
      year a report of all federal moneys, including the same matters required by
      subsection (1) of this section, received by each department and agency of
      the executive branch of state government state agency during the prior
      state fiscal year. In the report, the controller shall identify any
      state agency that failed to submit a report as required by this
      section.
      
           (3)  This section is exempt from the provisions of section
      24-1-136 (11) (a) (I).
      
           (4)  As used in this section, "state agency" means a principal
      department of the executive branch of state government specified
      in section 24-1-110, a state institution of higher education, or an
      office created in the office of the governor.
      
           SECTION 3.  No appropriation. The general assembly has
      determined that this act can be implemented within existing appropriations,
      and therefore no separate appropriation of state moneys is necessary to carry
      out the purposes of this act.
      
           SECTION 4.  Act subject to petition - effective date. This act
      takes effect at 12:01 a.m. on the day following the expiration of the
      ninety-day period after final adjournment of the general assembly (August
      8, 2012, if adjournment sine die is on May 9, 2012); 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
      such period, then the act, item, section, or part will not take effect unless
      approved by the people at the general election to be held in November 2012
      and, in such case, will take effect on the date of the official declaration of
      the vote thereon by the governor.
      
      
      
      
      ________________________________________________________
      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