This information is prepared as an informational service only and should not be relied upon as an official record of action taken by the Colorado General Assembly.
Sixty-first General Assembly
LLS NO. 980351.01 DLC
HOUSE BILL 981202
STATE OF COLORADO
BY REPRESENTATIVE May;
also SENATOR Powers.
REREVISED
TRANSPORTATION & ENERGY
APPROPRIATIONS
A BILL FOR AN ACT
CONCERNING REVENUES ALLOCATED TO THE CAPITAL CONSTRUCTION
FUND FOR STATE HIGHWAY CONSTRUCTION PROJECTS, AND MAKING AN APPROPRIATION
IN CONNECTION THEREWITH.
Bill Summary
(Note: This summary applies to this bill as introduced
and does not necessarily reflect any amendments that may be subsequently
adopted.)
Increases the amount of moneys to be transferred
to the capital construction fund from the general fund for the
199899 fiscal year. Specifies that a certain amount of
that transfer be appropriated for state highway reconstruction,
repair, maintenance, and capacity expansion projects. Makes an
appropriation.
Be it enacted by the General Assembly of the State of Colorado:
SECTION 1. 2475302 (2) (k), Colorado Revised Statutes, is amended to read:
2475302. Capital construction fund capital assessment fees calculation. (2) As of July 1, 1988, and July 1 of each year thereafter through July 1, 2001, a sum as specified in this subsection (2) shall accrue to the capital construction fund. The state treasurer and the controller shall transfer such sum out of the general fund and into the capital construction fund as moneys become available in the general fund during the fiscal year beginning on said July 1. Transfers between funds pursuant to this subsection (2) shall not be deemed to be appropriations subject to the limitations of section 2475201.1. The amount which shall accrue pursuant to this subsection (2) shall be as follows:
(k) On July 1, 1998, fifty
million dollars ONE HUNDRED FIFTY
MILLION DOLLARS WITH ONE HUNDRED MILLION DOLLARS OF SUCH AMOUNT
TO BE AVAILABLE FOR APPROPRIATION ONLY FOR STATE HIGHWAY RECONSTRUCTION,
REPAIR, MAINTENANCE, AND CAPACITY EXPANSION PROJECTS, plus three
hundred sixteen thousand six hundred thirtyfive dollars
pursuant to H.B. 971186, enacted at the first regular session
of the sixtyfirst general assembly;
SECTION 2. 231304 (1) (a.5), Colorado Revised Statutes, is amended to read:
231304. Powers and duties of capital development committee. (1) The capital development committee shall have the following powers and duties:
(a.5) To study the capital construction
request from the transportation commission for state highway reconstruction,
repair, and maintenance projects to be funded from money transferred
to the capital construction fund pursuant to section 2475302
(2), C.R.S., specifically for such purpose. On or before October
1 of each year, the transportation commission shall submit its
capital construction request, based on the statewide transportation
improvement programs, with a prioritized list of recommended state
highway reconstruction, repair, and maintenance projects with
the priority of projects on the list determined on the basis of
greatest need without regard to location in the state; except
that, for the 199697
199899 fiscal year, the prioritized list of projects to
be funded by the revenues appropriated for such year by S.B.
96197 HOUSE BILL 98-1202, as
enacted at the second regular session of the sixtieth
SIXTYFIRST general assembly, shall consist only of state
highway reconstruction, repair, maintenance, and capacity expansion
projects. The capital development committee shall determine the
number of projects on the list that may be funded from money available
in the capital construction fund for state highway reconstruction,
repair, or maintenance projects. Only projects on the list may
be funded from money available in the capital construction fund
for state highway reconstruction, repair, or maintenance projects,
and the projects must be funded in the priority determined by
the transportation commission. Projects on the list submitted
by the transportation commission by October 1 may be funded from
money transferred to the capital construction fund and available
in the current fiscal year or money to be transferred to the capital
construction fund for the fiscal year beginning the following
July 1.
SECTION 3. 3926123 (1), (2) (a) (I) (A), (2) (d), and (2) (e), Colorado Revised Statutes, are amended to read:
3926123. Receipts
disposition repeal. (1) Eightyfive
percent of all receipts collected under the provisions of this
article shall be credited to the old age pension fund. Before
July 1, 1997, and for the fiscal year commencing July
1, 2002 JULY 1, 2008, and
each year thereafter, the remaining fifteen percent shall be credited
to the general fund, and the general assembly shall make appropriations
therefrom for the expenses of the administration of this article.
(2) (a) (I) (A) Eightyfive
percent of all receipts collected under the provisions of this
article shall be credited to the old age pension fund. For the
fiscal year commencing July 1, 1997, and for four
TEN succeeding fiscal years thereafter, the remaining fifteen
percent shall be allocated between and credited to the general
fund and the highway users tax fund, as a portion of the sales
and use taxes attributable to sales or use of vehicles and related
items, as follows: Ten percent of net revenue from sales and
use tax to the highway users tax fund and five percent thereof
to the general fund.
(d) For the fiscal year commencing
July 1, 1997, and for four
TEN succeeding fiscal years thereafter, the state treasurer
shall credit an amount of sales and use taxes attributable to
sales or use of vehicles and related items to the highway users
tax fund as provided in paragraph (a) of this subsection (2).
(e) This subsection (2) is repealed,
effective July 1, 2002
JULY 1, 2008.
SECTION 4. 434205 (6.5) (b), Colorado Revised Statutes, is amended to read:
434205. Allocation of
fund. (6.5) (b) This
subsection (6.5) is repealed, effective July
1, 2002 JULY 1, 2008.
SECTION 5. 434206 (2) (d), Colorado Revised Statutes, is amended to read:
434206. State allocation.
(2) (d) This subsection (2) is repealed, effective
July 1, 2002
JULY 1, 2008.
SECTION 6. Capital construction appropriation. The sum of one hundred million dollars ($100,000,000) is hereby appropriated out of the capital construction fund to the department of transportation for state highway reconstruction, repair, maintenance, and capacity expansion projects included on the prioritized list of projects submitted by the transportation commission to the capital development committee pursuant to section 231304 (1) (a.5), Colorado Revised Statutes. The appropriation made by this section shall become available to the department upon passage of this act and, if any project is initiated within the fiscal year, the appropriation shall remain available until completion of all the projects or for a period of three years, whichever comes first, at which time the unexpended and unencumbered balance shall revert to the capital construction fund.
SECTION 7. 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.