NOTE: The governor signed this measure on 3/19/2012.
      
      
      SENATE BILL 12-114
      
      
      BY SENATOR(S) Lambert, Hodge, Steadman;
      also REPRESENTATIVE(S) Levy, Becker, Gerou.
      
      
      Concerning the crediting of all disputed payments received by the
           state pursuant to the tobacco litigation settlement
           agreement on or after July 1, 2008, to the state general
           fund.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 24-75-1104.5, amend
      (5) (a) (II) (B) as follows:
      
           24-75-1104.5.  Use of settlement moneys - programs - repeal.
      (5) (a) (II)  As used in this paragraph (a):
      
           (B)  "Disputed payments" means payments of settlement moneys
      received by the state from participating manufacturers on or after July 1,
      2008, but before July 1, 2011, in regard to the maximum potential NPM
      adjustment allocable share applicable to Colorado for any year, as
      calculated by the independent auditor, and any earned income or interest
      associated with the payments.
      
           SECTION 2.  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