NOTE: The governor signed this measure on 4/29/2013.
      
      
      SENATE BILL 13-237
      
      
      BY SENATOR(S) Steadman, Hodge, Lambert, Aguilar, Carroll, Giron,
      Guzman, Heath, Jones, Kefalas, Kerr, King, Lundberg, Newell, Nicholson,
      Roberts, Todd, Ulibarri, Morse;
      also REPRESENTATIVE(S) Gerou, Duran, Levy, DelGrosso, Exum,
      Fields, Fischer, Gardner, Ginal, Hamner, Kagan, Labuda, Lebsock, Lee,
      Mitsch Bush, Moreno, Pabon, Pettersen, Priola, Rosenthal, Salazar, Schafer,
      Sonnenberg, Vigil, Wright, Young, Ferrandino.
      
      
      Concerning the increase in the general fund reserve.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 24-75-201.1, amend
      (1) (d) (XII), (1) (e) (I), (1) (e) (II), (1) (e) (III) (B), and (2) as follows:
      
           24-75-201.1.  Restriction on state appropriations - legislative
      declaration - definitions - repeal. (1) (d)  Except as otherwise provided in
      paragraph (e) of this subsection (1), for each fiscal year, unrestricted general
      fund year-end balances shall be retained as a reserve in the following
      amounts:
      
           (XII)  For the fiscal year 2012-13, four and one-half five percent of
      the amount appropriated for expenditure from the general fund for that
      fiscal year;
      
           (e) (I)  The initial reserve requirement is suspended and does not
      apply until the third fiscal year that begins after the personal
      income trigger occurs. The reserve requirement is four five percent of the
      amount appropriated for expenditure for each fiscal year that the initial
      reserve requirement is suspended. The initial reserve requirement applies
      to the first fiscal year that begins after the personal income trigger occurs.
      
           (II)  The reserve requirements set forth in subparagraphs (XIII),
      (XIV), (XV) and (XVI) of paragraph (d) of this subsection (1) shall each be
      are each suspended by the same number of fiscal years that the initial
      reserve requirement is suspended pursuant to subparagraph (I) of this
      paragraph (e).
      
           (III)  As used in this paragraph (e), unless the context otherwise
      requires:
      
           (B)  "Initial reserve requirement" means the reserve requirement set
      forth in subparagraph (XII) subparagraph (XIV) of paragraph (d) of this
      subsection (1).
      
           (2)  For each fiscal year ending with the 1985-86 fiscal year, the
      basis for the calculation of the percentage for the reserve as specified in
      subsection (1) of this section shall include all appropriations for
      expenditures and disbursements authorized by law from the general fund,
      including tax relief appropriations and other expenditures made in
      accordance with the provisions of subsection (1) of this section. For the
      1986-87 fiscal year and each fiscal year thereafter ending with the fiscal
      year 1990-91, the basis for the calculation of the reserve as specified in
      paragraph (d) of subsection (1) of this section shall include all
      appropriations for expenditure from the general fund for such fiscal year but
      shall not include the fifty percent of excess revenues transferred from the
      general fund to the capital construction fund pursuant to paragraph (c) of
      subsection (1) of this section. For the 1991-92 fiscal year and each fiscal
      year thereafter, The basis for the calculation of the reserve as specified in
      paragraph (d) of subsection (1) of this section shall include includes all
      appropriations for expenditure from the general fund for such fiscal year,
      except for any appropriations for expenditure from the general fund due to
      a state fiscal emergency as provided for in subparagraph (IV) of paragraph
      (a) of subsection (1) of this section.
      
           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.
      
      
      
      
      ____________________________  ____________________________
      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