NOTE: The governor signed this measure on 5/24/2012.
      
      
      HOUSE BILL 12-1360
      
      
      BY REPRESENTATIVE(S) Gerou and Levy, Becker, Duran, Ferrandino,
      Fields, Hamner, Kerr A., Lee, Schafer S., Todd, Young;
      also SENATOR(S) Steadman and Lambert, Hodge, Foster, Hudak, Newell.
      
      
      Concerning the transfer of up to four million dollars from the
           general fund to the Colorado economic development fund
           based upon the amount by which the June 2012 estimate of
           general fund revenue for the 2011-12 fiscal year exceeds
           the March 2012 estimate of general fund revenue for the
           2011-12 fiscal year, and, in connection therewith, making an
           appropriation.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, add 24-75-221 as
      follows:
      
           24-75-221.  Transfer of general fund revenue to Colorado
      economic development fund for 2011-12 fiscal year. Notwithstanding
      any provision of law to the contrary, on June 30, 2012, the state
      treasurer shall transfer from the general fund to the Colorado
      economic development fund created in section 24-46-105 the lesser
      of four million dollars or the amount by which the June 2012
      estimate of general fund revenue prepared by the office of state
      planning and budgeting for the 2011-12 fiscal year exceeds the
      March 2012 estimate of general fund revenue prepared by the
      office of state planning and budgeting for the 2011-12 fiscal year.
      
           SECTION 2.  Appropriation. In addition to any other
      appropriation, there is hereby appropriated, out of any moneys in the
      Colorado economic development fund created in section 24-46-105 (1),
      Colorado Revised Statutes, not otherwise appropriated, to the governor -
      lieutenant governor - state planning and budgeting, for the fiscal year
      beginning July 1, 2012, the sum of $4,000,000, or so much thereof as may
      be necessary, for allocation to economic development programs, economic
      development commission - general economic incentives and marketing, for
      the provision of incentives to businesses related to 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.
      
      
      
      
      ________________________________________________________
      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