NOTE: The governor signed this measure on 3/20/2014.
      
      
      SENATE BILL 14-108
      
      
      BY SENATOR(S) Hodge, Steadman, Lambert;
      also REPRESENTATIVE(S) Gerou, Duran, May.
      
      
      Concerning the department of personnel revolving fund, and, in
           connection therewith, setting an alternative target
           reserve for the fund and restricting the spending of the
           capital outlay reserve.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 24-30-1108, repeal
      (5); and add (6) as follows:
      
           24-30-1108.  Revolving fund - service charges - pricing policy.
      (5)  Notwithstanding any provision of this section to the contrary, on April
      20, 2009, the state treasurer shall deduct two million three hundred
      thousand dollars from the capitol complex facilities fund, which is an
      account within the department of personnel revolving fund, and transfer
      such sum to the general fund.
      
           (6) (a) (I)  For the 2013-14 fiscal year and each fiscal year
      thereafter, the alternative target reserve for purposes of
      section 24-75-402 for the department of personnel revolving fund
      will be sixteen and five-tenths percent of the amount expended
      from the fund during a fiscal year, plus any balance identified in
      the capital outlay reserve.
      
           (II)  Any uncommitted capital outlay reserves at the end of
      a given fiscal year may be used for capital outlay subject to an
      appropriation in the annual general appropriation act.
      
           (b)  For purposes of this subsection (6), unless the context
      otherwise requires:
      
           (I)  "Capital outlay" has the same meaning as set forth in
      section 24-75-112 (1) (a).
      
           (II)  "Capital outlay reserve" means any accumulated
      depreciation identified in fund balance reports prepared by the
      department of personnel.
      
           SECTION 2.  In Colorado Revised Statutes, 24-75-402, add (5)
      (bb) as follows:
      
           24-75-402.  Cash funds - limit on uncommitted reserves -
      reduction in amount of fees - exclusions - repeal. (5)  Notwithstanding
      any provision of this section to the contrary, the following cash funds are
      excluded from the limitations specified in this section:
      
           (bb)  The department of personnel revolving fund, but only
      with respect to the capital outlay reserve as defined in section
      24-30-1108 (6) (b) (II).
      
           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