NOTE: The governor signed this measure on 5/1/2015.
      
      
      SENATE BILL 15-251
      
      
      BY SENATOR(S) Lambert, Grantham, Steadman, Crowder, Kefalas,
      Ulibarri, Cadman;
      also REPRESENTATIVE(S) Hamner, Young, Rankin, Becker K., Fields,
      Lontine, Rosenthal, Ryden, Williams.
      
      
      Concerning the exclusion of appropriations for real property
           lease-purchase payments from the basis for the
           calculation of the general fund reserve.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 24-75-201.1, amend
      (2) as follows:
      
           24-75-201.1.  Restriction on state appropriations - legislative
      declaration - definitions. (2)  The basis for the calculation of the reserve
      as specified in this section includes all appropriations for expenditure from
      the general fund for such fiscal year, except for any appropriations for:
      
           (a)  Expenditure from the general fund due to a state fiscal
      emergency as provided for in subparagraph (IV) of paragraph (a) of
      subsection (1) of this section;
      
           (b)  Rental and other payments under a lease-purchase
      agreement for real property authorized by the general assembly
      pursuant to section 24-82-801 (1) (a) included in a separate line
      item in the operating section of an annual general appropriation
      act or a supplemental appropriation act; and
      
           SECTION 2.  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
      5, 2015, if adjournment sine die is on May 6, 2015); 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 2016
      and, in such case, will take effect on the date of the official declaration of
      the vote thereon by the governor.
      
      
      
      
      ____________________________  ____________________________
      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