NOTE: The governor signed this measure on 4/12/2016.
      
      
      HOUSE BILL 16-1184
      
      
      BY REPRESENTATIVE(S) Rankin, Hamner, Young, Brown, Garnett,
      Kraft-Tharp, Lontine, Mitsch Bush, Williams, Becker K.;
      also SENATOR(S) Grantham, Lambert, Steadman, Donovan, Scott.
      
      
      Concerning the administration of money that is required under
           existing law to be transferred from the high cost support
           mechanism to the broadband fund.
       
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 40-15-509.5, amend
      (4) (a) as follows:
      
           40-15-509.5.  Broadband service - report - broadband
      deployment board - broadband fund - creation - repeal. (4) (a)  There
      is hereby created in the state treasury the broadband fund, referred to in this
      section as the "fund". The fund consists of all moneys money allocated
      from the HCSM to provide access to broadband services through
      broadband networks in unserved areas pursuant to section 40-15-208 (2)
      (a) (I) (B), which moneys money shall be transferred to the fund upon
      allocation between July 1 and August 31 of each year, and all moneys
      money that the general assembly may appropriate to the fund. The moneys
      money in the fund are allocated from the HCSM is continuously
      appropriated to the broadband deployment board, created in subsection (5)
      of this section, for the purposes set forth in this section. Any other money
      in the fund is subject to annual appropriation by the general
      assembly for the purposes set forth in this section. All interest
      earned from the investment of moneys money in the fund is credited to the
      fund. All moneys money not expended at the end of the fiscal year remain
      remains in the fund and do does not revert to the general fund or any
      other fund.
      
           SECTION 2.  Act subject to petition - effective date. This act
      takes effect January 1, 2017; 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 the ninety-day period after
      final adjournment of the general assembly, 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
      January 1, 2017, or on the date of the official declaration of the vote
      thereon by the governor, whichever is later.
      
      
      
      
      ________________________________________________________
      Dickey Lee Hullinghorst                Bill L. Cadman
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                            Effie Ameen
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO