NOTE: The governor signed this measure on 6/10/2016.
      
      
      SENATE BILL 16-167
      
      
      BY SENATOR(S) Grantham, Lambert, Steadman, Roberts;
      also REPRESENTATIVE(S) Rankin, Hamner, Young, Becker K.
      
      
      Concerning a reduction in the severance tax operational fund
           reserve for the 2016-17 fiscal year.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 39-29-109.3, add (3)
      (c) as follows:
      
           39-29-109.3.  Severance tax operational fund - repeal.
      (3) (c) (I)  For the fiscal year commencing on July 1, 2016, the
      amount of the reserve set forth in paragraph (a) of this
      subsection (3) that is based on operating appropriations for the
      programs specified in subsection (1) of this section is reduced by
      two million nine hundred eighty thousand dollars.
      
           (II)  This paragraph (c) is repealed, effective July 1, 2017.
      
           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