NOTE: The governor signed this measure on 3/22/2016.
      
      
      HOUSE BILL 16-1161
      
      
      BY REPRESENTATIVE(S) Young, Hamner, Rankin, Becker K., Conti,
      Fields, Ginal, Kraft-Tharp, Lontine, Moreno, Pettersen, Priola, Rosenthal,
      Salazar, Williams;
      also SENATOR(S) Lambert, Grantham, Steadman, Heath, Kefalas, Newell.
      
      
      Concerning the allocation of certain money that exceeds the
           total amount of all warrants issued by the state treasurer
           to reimburse local governmental entities for property tax
           revenues lost as a result of the application of a certain
           property tax exemption.
       
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 39-3-207, amend (6)
      as follows:
      
           39-3-207.  Reporting of exemptions - reimbursement to local
      governmental entities - transfer of unencumbered balances. (6)  On June
      30, 2013 June 30, 2016, and on each June 30 thereafter, of the amount by
      which the total estimated amount specified in the annual general
      appropriation act for the costs of this part 2 exceeds the total
      amount of all warrants issued by the state treasurer pursuant to
      paragraph (a) of subsection (4) of this section, the state treasurer shall
      transfer: to the senior services account within the older Coloradans cash
      fund, created pursuant to section 26-11-205.5 (5) (b), C.R.S., an amount
      equal to the amount by which the total estimated amount specified in the
      annual general appropriation act for the costs of this part 2 exceeds the total
      amount of all warrants issued by the state treasurer pursuant to paragraph
      (a) of subsection (4) of this section.
      
           (a)  Ninety-five percent to the senior services account within
      the older Coloradans cash fund, created pursuant to section
      26-11-205.5 (5) (b), C.R.S.; and
      
           (b)  Five percent to the veterans assistance grant program
      cash fund created in section 28-5-712 (3), C.R.S.
      
           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.
      
      
      
      
      ________________________________________________________
      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