Second Regular Session Sixty-ninth General Assembly STATE OF COLORADO INTRODUCED LLS NO. 14-0363.01 Jerry Barry x4341 HOUSE BILL 14-1120 HOUSE SPONSORSHIP Holbert, SENATE SPONSORSHIP Brophy, House Committees Senate Committees Education A BILL FOR AN ACT Concerning a change in the date by which a tax increase must be approved for the new "Public School Finance Act" to become effective. Bill Summary (Note: This summary applies to this bill as introduced and does not reflect any amendments that may be subsequently adopted. If this bill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://www.leg.state.co.us/billsummaries.) Under current law, the new "Public School Finance Act" (Act) and related statutory provisions take effect upon the proclamation of the governor of the vote cast at a statewide election approving an increase in tax revenues sufficient to fund the new Act and programs held no later than November 2017. The bill changes the date from 2017 to 2014. Be it enacted by the General Assembly of the State of Colorado: SECTION 1. In Colorado Revised Statutes, 22-54.5-106, amend as it will take effect upon proclamation of the governor (1) as follows: 22-54.5-106. Effectiveness of article - applicability - rules. (1) This article takes effect upon the proclamation by the governor of the vote cast in a statewide election held no later than November 2017 2014 at which a majority of those voting approve a citizen-initiated increase in state tax revenues for the purpose of funding preschool through twelfth grade public education, so long as the amount of the approved revenue increase is equal to or greater than the total estimated state fiscal impact associated with the payment of the state share of total program pursuant to section 22-54.5-203, investment moneys pursuant to section 22-54.5-301, hold-harmless moneys pursuant to section 22-54.5-302, and per pupil supplemental payments pursuant to section 22-54.5-303, in the second budget year commencing after the increase is approved, as stated in the final fiscal note prepared for Senate Bill 13-213, enacted in 2013. SECTION 2. In Colorado Revised Statutes, 22-30.5-111.5, amend as it will take effect upon proclamation of the governor (17) (a) as follows: 22-30.5-111.5. Charter schools - financing - definitions. (17) (a) This section takes effect upon the proclamation by the governor of the vote cast in a statewide election held no later than November 2017 2014 at which a majority of those voting approve a citizen-initiated increase in state tax revenues for the purpose of funding preschool through twelfth grade public education, so long as the amount of the approved revenue increase is equal to or greater than the total estimated state fiscal impact associated with the payment of the state share of total program pursuant to section 22-54.5-203, investment moneys pursuant to section 22-54.5-301, hold-harmless moneys pursuant to section 22-54.5-302, and per pupil supplemental payments pursuant to section 22-54.5-303, in the second budget year commencing after the increase is approved, as stated in the final fiscal note prepared for Senate Bill 13-213, enacted in 2013. SECTION 3. In Colorado Revised Statutes, 22-30.5-111.7, amend as it will take effect upon proclamation of the governor (5) (a) as follows: 22-30.5-111.7. Financial reporting - request for accounting. (5) (a) This section takes effect upon the proclamation by the governor of the vote cast in a statewide election held no later than November 2017 2014 at which a majority of those voting approve a citizen-initiated increase in state tax revenues for the purpose of funding preschool through twelfth grade public education, so long as the amount of the approved revenue increase is equal to or greater than the total estimated state fiscal impact associated with the payment of the state share of total program pursuant to section 22-54.5-203, investment moneys pursuant to section 22-54.5-301, hold-harmless moneys pursuant to section 22-54.5-302, and per pupil supplemental payments pursuant to section 22-54.5-303, in the second budget year commencing after the increase is approved, as stated in the final fiscal note prepared for Senate Bill 13-213, enacted in 2013. SECTION 4. In Colorado Revised Statutes, 22-30.5-513.5, amend as it will take effect upon proclamation of the governor (11) (a) as follows: 22-30.5-513.5. Institute charter schools - funding - definitions. (11) (a) This section takes effect upon the proclamation by the governor of the vote cast in a statewide election held no later than November 2017 2014 at which a majority of those voting approve a citizen-initiated increase in state tax revenues for the purpose of funding preschool through twelfth grade public education, so long as the amount of the approved revenue increase is equal to or greater than the total estimated state fiscal impact associated with the payment of the state share of total program pursuant to section 22-54.5-203, investment moneys pursuant to section 22-54.5-301, hold-harmless moneys pursuant to section 22-54.5-302, and per pupil supplemental payments pursuant to section 22-54.5-303, in the second budget year commencing after the increase is approved, as stated in the final fiscal note prepared for Senate Bill 13-213, enacted in 2013. SECTION 5. In Colorado Revised Statutes, 22-28-104.1, amend as it will take effect upon proclamation of the governor (5) (a) as follows: 22-28-104.1. Establishment of public preschool programs. (5) (a) This section takes effect upon the proclamation by the governor of the vote cast in a statewide election held no later than November 2017 2014 at which a majority of those voting approve a citizen-initiated increase in state tax revenues for the purpose of funding preschool through twelfth grade public education, so long as the amount of the approved revenue increase is equal to or greater than the total estimated state fiscal impact associated with the payment of the state share of total program pursuant to section 22-54.5-203, investment moneys pursuant to section 22-54.5-301, hold-harmless moneys pursuant to section 22-54.5-302, and per pupil supplemental payments pursuant to section 22-54.5-303, in the second budget year commencing after the increase is approved, as stated in the final fiscal note prepared for Senate Bill 13-213, enacted in 2013. SECTION 6. In Colorado Revised Statutes, 22-28-107.1, amend as it will take effect upon proclamation of the governor (4) (a) as follows: 22-28-107.1. District and institute charter school preschool programs - plans. (4) (a) This section takes effect upon the proclamation by the governor of the vote cast in a statewide election held no later than November 2017 2014 at which a majority of those voting approve a citizen-initiated increase in state tax revenues for the purpose of funding preschool through twelfth grade public education, so long as the amount of the approved revenue increase is equal to or greater than the total estimated state fiscal impact associated with the payment of the state share of total program pursuant to section 22-54.5-203, investment moneys pursuant to section 22-54.5-301, hold-harmless moneys pursuant to section 22-54.5-302, and per pupil supplemental payments pursuant to section 22-54.5-303, in the second budget year commencing after the increase is approved, as stated in the final fiscal note prepared for Senate Bill 13-213, enacted in 2013. SECTION 7. In Colorado Revised Statutes, 22-45-103, amend as it will take effect upon proclamation of the governor (1) (i) (II) (A) as follows: 22-45-103. Funds. (1) The following funds are created for each school district for purposes specified in this article: (i) Technology and building maintenance and operation fund. (II) (A) This paragraph (i) takes effect upon the proclamation by the governor of the vote cast in a statewide election held no later than November 2017 2014 at which a majority of those voting approve a citizen-initiated increase in state tax revenues for the purpose of funding preschool through twelfth grade public education, so long as the amount of the approved revenue increase is equal to or greater than the total estimated state fiscal impact associated with the payment of the state share of total program pursuant to section 22-54.5-203, investment moneys pursuant to section 22-54.5-301, hold-harmless moneys pursuant to section 22-54.5-302, and per pupil supplemental payments pursuant to section 22-54.5-303, in the second budget year commencing after the increase is approved, as stated in the final fiscal note prepared for Senate Bill 13-213, enacted in 2013. SECTION 8. In Session Laws of Colorado 2013, section 15 of chapter 248, amend (1) as follows: Section 15. Effective date. (1) This act takes effect upon the proclamation by the governor of the vote cast in a statewide election held no later than November 2017 2014 at which a majority of those voting approve a citizen-initiated increase in state tax revenues for the purpose of funding preschool through twelfth grade public education, so long as the amount of the approved revenue increase is equal to or greater than the total estimated state fiscal impact associated with the payment of the state share of total program pursuant to section 22-54.5-203, investment moneys pursuant to section 22-54.5-301, hold-harmless moneys pursuant to section 22-54.5-302, and per pupil supplemental payments pursuant to section 22-54.5-303, in the second budget year commencing after the increase is approved, as stated in the final fiscal note prepared for Senate Bill 13-213, enacted in 2013. SECTION 9. Act subject to petition - effective date. This act takes effect at 12:01 a.m. on the day following the expiration of the ninety-day period after final adjournment of the general assembly (August 6, 2014, if adjournment sine die is on May 7, 2014); except that, if a referendum petition is filed pursuant to section 1 (3) of article V of the state constitution against this act or an item, section, or part of this act within such period, then the act, item, section, or part will not take effect unless approved by the people at the general election to be held in November 2014 and, in such case, will take effect on the date of the official declaration of the vote thereon by the governor.