NOTE: The governor signed this measure on 4/16/2015.
      
      
      SENATE BILL 15-187
      
      
      BY SENATOR(S) Grantham, Lambert, Steadman, Crowder, Heath, Jahn,
      Jones, Kefalas, Martinez Humenik, Merrifield, Newell, Todd;
      also REPRESENTATIVE(S) Young, Hamner, Rankin, Becker K.,
      Mitsch Bush, Pettersen, Rosenthal, Roupe, Salazar.
      
      
      Concerning authorization for the high-performance
           transportation enterprise to deposit money received as a
           loan from the state highway fund to a separate account
           within the statewide transportation enterprise special
           revenue fund.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 43-4-806, amend (4)
      as follows:
      
           43-4-806.  High-performance transportation enterprise -
      creation - board - funds - powers and duties - limitations - reporting
      requirements - legislative declaration. (4)  The commission may transfer
      moneys from the state highway fund created in section 43-1-219 to the
      transportation enterprise for the purpose of defraying expenses incurred by
      the transportation enterprise prior to the receipt of bond proceeds or
      revenues by the enterprise. The transportation enterprise may accept and
      expend any moneys so transferred, and, notwithstanding any state fiscal
      rule or generally accepted accounting principle that could otherwise be
      interpreted to require a contrary conclusion, such a transfer shall constitute
      a loan from the commission to the transportation enterprise and shall not
      be considered a grant for purposes of section 20 (2) (d) of article X of the
      state constitution. As the transportation enterprise receives sufficient
      revenues in excess of expenditures, the enterprise shall reimburse the state
      highway fund for the principal amount of any loan made by the commission
      plus interest at a rate set by the commission. Any moneys loaned to the
      transportation enterprise pursuant to this section shall be deposited into a
      fund to be known as the statewide transportation enterprise operating fund,
      which fund is hereby created, and shall not be deposited into or an
      account within the transportation special fund. Moneys from the
      transportation special fund may, however, be used to reimburse the state
      highway fund for the amount of any loan or any interest thereon. All
      loaned money deposited into the transportation special fund
      shall be accounted for separately from other transportation
      special fund money.
      
           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.
      
      
      
      
      ____________________________  ____________________________
      Bill L. Cadman                Dickey Lee Hullinghorst
      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