First Regular Session
               Seventieth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 15-0740.01 Jason Gelender x4330 HOUSE BILL 15-1148
                    HOUSE SPONSORSHIP
 Brown, 
 
                   SENATE SPONSORSHIP
 (None),
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 House Committees
 Senate Committees
 
 
 State, Veterans, & Military Affairs
 
 
 
 Finance
 
 
 
 Appropriations
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning the transfer of the state general fund surplus
            for the 2014-15 state fiscal year to the state highway
            fund.
       
       
                           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.)
       
            The unrestricted balance that remains in the general fund at the end
       of a state fiscal year is called the general fund surplus. The bill requires
       the state treasurer to transfer the general fund surplus for the 2014-15
       state fiscal year to the state highway fund. The department of
       transportation may expend the money transferred for the implementation
       of the strategic transportation investment program subject to a
       requirement that at least 10% of the money be expended for transit
       purposes or transit-related capital improvements.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  In Colorado Revised Statutes, add 24-75-224 as
       follows:
            24-75-224.  Transfer of general fund surplus for 2014-15 state
       fiscal year to state highway fund. (1)  Notwithstanding any
       provision of law to the contrary, the state treasurer shall
       transfer the general fund surplus for the 2014-15 state fiscal
       year to the state highway fund created in section 43-1-219,
       C.R.S. The state treasurer shall make the transfer on the date
       that the state controller publishes the comprehensive annual
       financial report of the state for the 2014-15 state fiscal year.
            (2)  In calculating the general fund surplus, the state
       controller shall account for overexpenditures, expected
       accrual adjustments, refunds required under section 20 of
       article X of the state constitution, and the statutory reserve
       specified in section 24-75-201.1 (1) (d) (XIV).
            SECTION 2.  In Colorado Revised Statutes, 43-4-206, amend (2)
       (a) introductory portion as follows:
            43-4-206.  State allocation. (2) (a)  Notwithstanding the
       provisions of subsection (1) of this section, the revenues accrued to and
       transferred to the highway users tax fund pursuant to section 39-26-123
       (4) (a) or 24-75-219, C.R.S., or appropriated to the highway users tax
       fund pursuant to House Bill 02-1389, enacted at the second regular
       session of the sixty-third general assembly, and credited to the state
       highway fund pursuant to section 43-4-205 (6.5) and the general fund
       surplus transferred to the state highway fund pursuant to
       section 24-75-224, C.R.S., shall be expended by the department of
       transportation for the implementation of the strategic transportation
       project investment program in the following manner:
            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.