NOTE: The governor signed this measure on 4/11/2014.
      
      
      HOUSE BILL 14-1195
      
      
      BY REPRESENTATIVE(S) Gerou, Duran, May, Conti, Rosenthal;
      also SENATOR(S) Lambert, Hodge, Steadman.
      
      
      Concerning the diversion of revenue collected by the division of
           insurance to cash funds.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 10-3-209, amend (4)
      (a) as follows:
      
           10-3-209.  Tax on premiums collected - exemptions - penalties -
      repeal. (4) (a)  The division of insurance shall transmit all taxes,
      penalties, and fines collected by the division of insurance it collects
      under this section shall be transmitted to the department of the treasury and
      credited to state treasurer for deposit in the general fund; except that
      the state treasurer shall deposit amounts in the specified cash
      funds as follows:
      
           (I)  Such amounts appropriated by the general assembly to the
      division of insurance cash fund, created in section 10-1-103 (3), not to
      exceed a maximum of five percent of all taxes collected under this section,
      shall be transmitted to the state treasurer and deposited In the division of
      insurance cash fund created in section 10-1-103 (3), an amount that
      is equal to the general assembly's appropriation from the fund to
      the division for its direct and indirect expenditures less the total
      fee revenue that is deposited in the fund; except that the amount
      deposited in the fund under this subparagraph (I) may not exceed
      five percent of all taxes collected under this section; and
      
           (II)  Such amounts as may be appropriated by the general assembly
      to the wildfire emergency response fund created in section 24-33.5-1226,
      C.R.S., and to the wildfire preparedness fund created in section
      24-33.5-1227, C.R.S., shall be transmitted to the state treasurer and
      deposited in said funds In the wildfire emergency response fund
      created in section 24-33.5-1226, C.R.S., and the wildfire
      preparedness fund created in section 24-33.5-1227, C.R.S., the
      amount of the taxes, penalties, and fines that the general
      assembly appropriates to each of the cash funds.
      
           SECTION 2.  Effective date - applicability. This act takes effect
      July 1, 2014, and applies to state fiscal years commencing on or after said
      date.
      
           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.
      
      
      
      
      ________________________________________________________
      Mark Ferrandino                        Morgan Carroll
      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