First Regular Session

Sixty-first General Assembly

LLS NO. 97­0839.01D EBD HOUSE BILL 97­1360

STATE OF COLORADO

BY REPRESENTATIVE Schauer;

also SENATOR Schroeder.

BUSINESS AFFAIRS & LABOR

A BILL FOR AN ACT

CONCERNING CHANGES TO SUNSET DATES FOR THE PURPOSE OF CONTINUING OF THE DIVISION OF INSURANCE UNTIL JULY 1, 2002.

Bill Summary

(Note: This summary applies to this bill as introduced and does not necessarily reflect any amendments which may be subsequently adopted.)

Changes the sunset date for the division of insurance from July 1, 1997, to July 1, 2002.

Be it enacted by the General Assembly of the State of Colorado:

SECTION 1.  24­34­104 (26) (b) and (31.5), Colorado Revised Statutes, 1988 Repl. Vol., as amended, are amended to read:

24­34­104.  General assembly review of regulatory agencies and functions for termination, continuation, or reestablishment. (26) (b)  The following division in the department of regulatory agencies shall terminate July 1, 1997: The division of insurance, created by sections 10­1­103 and 10­1­104, C.R.S.

(31.5)  The following agencies, functions, or both, shall terminate on July 1, 2002:

(a)  The recordkeeping functions of the department of human services relating to controlled substances in accordance with part 3 of article 22 of title 12, C.R.S.;

(b)  THE DIVISION OF INSURANCE, CREATED BY SECTIONS 10­1­103 AND 10­1­104, C.R.S.

SECTION 2.  10­1­103 (6) (b), Colorado Revised Statutes, 1994 Repl. Vol., is amended to read:

10­1­103.  Division of insurance ­ subject to termination ­ repeal of article. (6) (b)  This article is repealed, effective July 1, 1997 2002. Prior to such repeal, the division of insurance shall be reviewed as provided for in section 24­34­104, C.R.S.

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.