NOTE: The governor signed this measure on 3/27/2014.
      
      
      HOUSE BILL 14-1077
      
      
      BY REPRESENTATIVE(S) Gerou, Becker, Hullinghorst, Labuda, Melton,
      Mitsch Bush, Pettersen, Salazar, Schafer, Tyler, Vigil, Young;
      also SENATOR(S) Hodge, Jones, Carroll.
      
      
      Concerning an increase in the statutory cap on the two-year
           average of the unobligated portion of the oil and gas
           conservation and environmental response fund.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 34-60-122, amend (1)
      (b) as follows:
      
           34-60-122.  Expenses - fund created. (1) (b)  On and after July 1,
      2007 2014, the commission shall ensure that the two-year average of the
      unobligated portion of the fund does not exceed four six million dollars
      and that there is an adequate balance in the environmental response account
      created pursuant to subsection (5) of this section to address environmental
      response needs.
      
           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.
      
      
      
      
      ________________________________________________________
      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