NOTE: The governor signed this measure on 3/13/2015.
      
      
      SENATE BILL 15-112
      
      
      BY SENATOR(S) Steadman, Grantham, Lambert;
      also REPRESENTATIVE(S) Rankin, Hamner, Young, Becker K., Fields,
      Pettersen, Rosenthal, Ryden.
      
      
      Concerning the transfer of moneys from the general fund to the
           building regulation fund.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 24-32-3309, amend
      (1) (b) as follows:
      
           24-32-3309.  Fees - building regulation fund.
      (1) (b)  Notwithstanding any provision of this section to the contrary:
      
           (I)  On June 1, 2009, the state treasurer shall deduct one million one
      hundred one thousand three hundred forty-nine dollars from the fund and
      transfer such sum to the general fund;
      
           (II)  On April 1, 2015, the state treasurer shall deduct three
      hundred thousand dollars from the general fund and transfer
      such sum to the fund; and
      
           (III)  On July 1, 2016, the state treasurer shall deduct two
      hundred thousand dollars from the general fund and transfer
      such sum to the fund.
      
           SECTION 2.  In Colorado Revised Statutes, 24-75-402, recreate
      and reenact, with amendments, (11) as follows:
      
           24-75-402.  Cash funds - limit on uncommitted reserves -
      reduction in amount of fees - exclusions - repeal. (11) (a)  For the
      2014-15 fiscal year, a waiver of the target reserve requirement
      specified in subsection (3) of this section is allowed pursuant to
      paragraph (a) of subsection (8) of this section for all excess
      uncommitted reserves in the building regulation fund created in
      section 24-32-3309 (1) (a).
      
           (b)  This subsection (11) is repealed, effective July 1, 2017.
      
           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.
      
      
      
      
      ____________________________  ____________________________
      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