NOTE: The governor signed this measure on 3/27/2014.
      
      
      SENATE BILL 14-120
      
      
      BY SENATOR(S) Hodge, Steadman;
      also REPRESENTATIVE(S) May, Duran, Fields, Gerou, Hullinghorst,
      Melton, Rosenthal, Schafer.
      
      
      Concerning the continuous appropriation of certain amounts in
           the state employee workers' compensation account in the
           risk management fund.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 24-30-1510.7, amend
      (1) as follows:
      
           24-30-1510.7.  Workers' compensation for state employees.
      (1) (a)  There is hereby created, as a separate account in the risk
      management fund, the state employee workers' compensation account,
      which shall consist consists of all moneys which that may be
      appropriated thereto by the general assembly and which that may be
      otherwise made available to it by the general assembly for the purpose of
      establishing a workers' compensation self-insurance program for state
      employees or for the procurement of commercial workers' compensation
      insurance therefor, in accordance with subsection (2) of this section. As of
      May 24, 1990, the state controller shall also transfer any moneys
      appropriated to pay workers' compensation premiums for the 1989-90 fiscal
      year to the state employee workers' compensation account. Moneys
      "otherwise made available" shall be deemed to include transfers of moneys
      to the account authorized in the general appropriation act. The moneys in
      the account are continuously appropriated for the purposes of
      the state employee workers' compensation account other than the
      direct and indirect administrative costs of operating the risk
      management system, including legal services, litigation expenses,
      and third-party administrator expenses. The general assembly
      shall make annual appropriations from the account for the direct
      and indirect administrative costs of operating the risk
      management system, including legal services, litigation expenses,
      and third-party administrator expenses, that are attributable to
      the operation of the state employee workers' compensation
      account. At the end of any fiscal year, all unexpended and
      unencumbered moneys in the account must remain in the account
      and may not be credited or transferred to the general fund or
      any other fund. All interest earned from the investment of moneys in the
      state employee workers' compensation account pursuant to this section shall
      must be credited to and become part of the account. and become a part
      thereof. Moneys in the state employee workers' compensation account shall
      be subject to annual appropriation by the general assembly for purposes of
      this section.
      
           (b)  Notwithstanding any provision of this section to the contrary, on
      June 1, 2009, the state treasurer shall deduct ten million three hundred
      sixteen thousand sixty dollars from the state employee workers'
      compensation account in the risk management fund and transfer such sum
      to the general fund.
      
           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.
      
      
      
      
      ____________________________  ____________________________
      Morgan Carroll                         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