NOTE: The governor signed this measure on 3/23/2016.
      
      
      SENATE BILL 16-089
      
      
      BY SENATOR(S) Lambert, Grantham, Steadman, Cooke, Lundberg,
      Scheffel;
      also REPRESENTATIVE(S) Hamner, Young, Rankin, Esgar, Lontine.
      
      
      Concerning the establishment of an alternative maximum reserve
           for the department of state cash fund.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 24-21-104, add (4) as
      follows:
      
           24-21-104.  Fees of secretary of state. (4)  For fiscal years
      beginning on or after July 1, 2015, and for purposes of section
      24-75-402, the alternative maximum reserve for the department of
      state cash fund is equal to sixteen and five-tenths percent of the
      total amount the department of state expended from the fund
      during the fiscal year, plus an amount equal to the amount of
      unexpended money from an appropriation to the department of
      state from the fund for the fiscal year to reimburse county
      clerks and recorders in accordance with section 24-21-104.5 for
      election costs.
      
           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
      
      
      
      
      
      
      ____________________________  ____________________________
      Effie Ameen                            Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO