Second Regular Session
              Sixty-eighth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 12-0541.01 Ed DeCecco x4216     HOUSE BILL 12-1109
                    HOUSE SPONSORSHIP
 McKinley,
 
                   SENATE SPONSORSHIP
 (None),
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 House Committees
 Senate Committees
 
 
 Appropriations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning budget cuts to provide more funding for public
            schools.
       
       
                           Bill Summary
       
            (Note: This summary applies to this bill as introduced and does
       not reflect any amendments that may be subsequently adopted. If this bill
       passes third reading in the house of introduction, a bill summary that
       applies to the reengrossed version of this bill will be available at
       http://www.leg.state.co.us/billsummaries.)
       
            For the fiscal year 2012-13, the bill requires the general assembly
       to reduce the total state general fund appropriations to the legislative
       branch, the judicial branch, and each executive department, excluding the
       department of health care policy and financing and the department of
       education, by an amount equal to the general fund appropriations to the
       respective branch or department for the fiscal year 2011-12 multiplied by
       the current rate of unemployment as of March 1, 2012.
            The bill also requires the state treasurer on January 1, 2013, to
       transfer an amount equal to the total reduction in general fund
       appropriations to the state education fund.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  In Colorado Revised Statutes, add 24-75-220 as
       follows:
            24-75-220.  General fund - appropriation limit - surplus -
       transfer - state education fund - repeal. (1) (a)  Except as set forth
       in paragraph (b) of this subsection (1), for the fiscal year 2012-13,
       the general assembly shall reduce the total state general fund
       appropriations to the legislative branch, the judicial branch,
       and each executive department by an amount equal to the
       general fund appropriations to the respective branch or
       department for the fiscal year 2011-12, multiplied by the
       current rate of unemployment published by the United States
       department of labor bureau of labor statistics as of March 1,
       2012.
            (b)  Paragraph (a) of this subsection (1) shall not apply to
       the department of health care policy and financing or the
       department of education.
            (2)  On January 1, 2013, the state treasurer shall deduct
       an amount equal to the total reduction in general fund
       appropriations required by subsection (1) of this section and
       transfer such sum to the state education fund created in section
       17 (4) of article IX of the state constitution.
            (3)  This section is repealed, effective July 1, 2013.
            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.