NOTE:  This bill has been prepared for the signatures 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 13-127
      
      
      BY SENATOR(S) Guzman, Aguilar, Carroll, Giron, Heath, Hudak, Jahn,
      Johnston, Jones, Kefalas, Kerr, King, Newell, Nicholson, Steadman,
      Tochtrop, Todd, Ulibarri, Morse;
      also REPRESENTATIVE(S) Primavera, Court, Exum, Fields, Fischer,
      Ginal, Hamner, Hullinghorst, Labuda, Levy, Peniston, Rosenthal, Ryden,
      Salazar, Schafer, Young.
      
      
      Concerning an increase in the amount of the state sales and use
           tax receipts that are credited to the older Coloradans
           cash fund, and, in connection therewith, making and
           reducing an appropriation.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 39-26-123, repeal and
      reenact, with amendments, (3) as follows:
      
           39-26-123. Receipts - disposition - transfers of general fund
      surplus - sales tax holding fund - creation - definitions - repeal. (3)  For
      any state fiscal year commencing on or after July 1, 2013, the
      state treasurer shall credit eighty-five percent of all net
      revenue collected under the provisions of this article to the old
      age pension fund created in section 1 of article XXIV of the state
      constitution. The state treasurer shall credit to the general
      fund the remaining fifteen percent of the net revenue, less ten
      million dollars, which the state treasurer shall credit to the
      older Coloradans cash fund created in section 26-11-205.5 (5),
      C.R.S.
      
           SECTION 2.  In Colorado Revised Statutes, 26-11-205.5, amend
      (5) (a) as follows:
      
           26-11-205.5. Older Coloradans program - distribution formula.
      (5) (a)  There is hereby created the older Coloradans cash fund, referred to
      in this subsection (5) as the "fund". The fund shall consist consists of
      moneys allocated and credited to the fund from sales and use taxes pursuant
      to the provisions of section 39-26-123 (3) (a) (III) section 39-26-123 (3),
      C.R.S., and any moneys appropriated to the fund by the general assembly.
      In addition, the state treasurer may credit to the fund any public or private
      gifts, grants, or donations received by the state department for
      implementation of the program. The fund shall be is subject to annual
      appropriation by the general assembly to the state department.
      Notwithstanding the provisions of section 24-36-114, C.R.S., all interest
      derived from the deposit and investment of moneys in the fund shall be is
      credited to the fund. Any amount remaining in the fund at the end of any
      fiscal year shall remain in the fund and not be transferred or credited to the
      general fund or any other fund.
      
           SECTION 3.  Appropriation - adjustments to 2013 long bill.
      (1)  For the implementation of this act, appropriations made in the annual
      general appropriation act to the department of human services for the fiscal
      year beginning July 1, 2013, are adjusted as follows:
      
           (a)  The general fund appropriation for state funding for senior
      services, is decreased by $2,000,000.
      
           (2)  In addition to any other appropriation, there is hereby
      appropriated, out of any moneys in the older Coloradans cash fund created
      in section 26-11-205.5 (5) (a), Colorado Revised Statutes, not otherwise
      appropriated, to the department of human services, for the fiscal year
      beginning July 1, 2013, the sum of $2,000,000, or so much thereof as may
      be necessary, to be allocated to the adult assistance programs division for
      implementation of this act as follows:
      
           (a)  $2,000,000 for state funding for senior services.
      
           SECTION 4.  Effective date. This act takes effect July 1, 2013.
      
           SECTION 5.  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.
      
      
      
      
      ____________________________  ____________________________
      John P. Morse                         Mark Ferrandino
      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