NOTE: The governor signed this measure on 3/20/2014.
      
      
      SENATE BILL 14-112
      
      
      BY SENATOR(S) Steadman, Hodge, Lambert, Crowder;
      also REPRESENTATIVE(S) Duran and Gerou, May, Buckner, Fields,
      Ginal, Labuda, Murray, Pabon, Rosenthal, Schafer, Vigil, Young,
      Ferrandino.
      
      
      Concerning a requirement that all financial assistance awarded
           from the public school capital construction assistance
           fund under the "Building Excellent Schools Today Act" be
           subject to annual appropriation.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 22-43.7-104, amend
      (3) as follows:
      
           22-43.7-104.  Public school capital construction assistance fund
      - creation - crediting of moneys to fund - use of fund - emergency
      reserve - creation - reserve account - creation and use. (3)  Subject to
      annual appropriation, the department may expend moneys in the assistance
      fund to pay for the purposes of paying the direct and indirect
      administrative costs, including but not limited to the costs of conducting or
      contracting for the financial assistance priority assessment required by
      section 22-43.7-108 (1), incurred by the division and the board in
      exercising their powers and duties pursuant to this article, Any moneys in
      the assistance fund not appropriated for a fiscal year to the department for
      administrative costs before the fiscal year commences are hereby
      continuously appropriated to the board for the purpose of providing
      financial assistance, making payments required by section 22-43.7-114, and
      paying any transaction costs necessarily incurred in connection with the
      provision of financial assistance as authorized by this article. except that
      the use of any assistance fund moneys to make lease payments required by
      lease-purchase agreements entered into pursuant to section 22-43.7-110 (2)
      shall be subject to annual appropriation by the general assembly.
      
           SECTION 2.  Applicability. This act applies for fiscal years
      commencing on or after July 1, 2014.
      
           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.
      
      
      
      
      ____________________________  ____________________________
      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