NOTE: The governor signed this measure on 3/22/2013.
      
      
      SENATE BILL 13-112
      
      
      BY SENATOR(S) Steadman, Hodge, Lambert, Hudak, Todd;
      also REPRESENTATIVE(S) Gerou, Duran, Levy, Dore, Mitsch Bush,
      Rosenthal, Tyler, Young.
      
      
      Concerning a cap on the 2012-13 state fiscal year transfers to the
           state public school fund from public school land moneys.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 22-41-102, amend (3)
      (b) (II) (A) as follows:
      
           22-41-102.  Fund inviolate - repeal. (3) (b) (II) (A)  For the
      2012-13 state fiscal year, all the first twenty million dollars of any
      interest or income earned on the investment of the moneys in the public
      school fund not shall be credited to the state public school fund
      created in section 22-54-114 for distribution as provided by law.
      Any amount of such interest and income earned on the investment
      of the moneys in the public school fund in excess of twenty million
      dollars, other than interest and income credited to the public school
      capital construction assistance fund created in section 22-43.7-104 (1)
      pursuant to section 22-43.7-104 (2) (b) (I), shall be transferred to the state
      public school fund created in section 22-54-114 remain in the fund and
      shall become part of the principal of the fund.
      
           SECTION 2.  In Colorado Revised Statutes, 36-1-116, amend (1)
      (c) (II) as follows:
      
           36-1-116.  Disposition of rentals, royalties, and timber sale
      proceeds. (1) (c) (II)  For the 2012-13 state fiscal year, the first
      twenty-seven million dollars of royalties and other payments for the
      depletion or extraction of a natural resource on public school lands not
      allocated in excess of the moneys credited to the state land board trust
      administration fund pursuant to section 36-1-145 (3), not credited to the
      public school capital construction assistance fund created in section
      22-43.7-104 (1), C.R.S., pursuant to section 22-43.7-104 (2) (b) (I), C.R.S.,
      and not credited as specified in subparagraph (II) of paragraph (b) of this
      subsection (1) shall be transferred to the state public school fund created in
      section 22-54-114, C.R.S. Any amount of royalties and other
      payments for the depletion or extraction of a natural resource
      on public school lands in excess of the amounts described in this
      subparagraph (II) shall be credited to the permanent school fund
      and shall become part of the principal of the permanent school
      fund.
      
           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.
      
      
      
      
      ____________________________  ____________________________
      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