Sixty-first General Assembly
LLS NO. 980664.01 DHG
HOUSE BILL 981326
STATE OF COLORADO
BY REPRESENTATIVE Grampsas;
also SENATOR Chlouber. REENGROSSED
LOCAL GOVERNMENT
A BILL FOR AN ACT
CONCERNING THE PROVISION OF ADDITIONAL REVENUE TO
MUNICIPAL GOVERNMENTS TO MEET EXPENSES NECESSITATED BY THE ADVENT
OF LIMITED GAMING.
Bill Summary
(Note: This summary applies to this bill as introduced
and does not necessarily reflect any amendments that may be subsequently
adopted.)
Allocates an additional $1 million per year for 2
years to the existing municipal limited gaming impact fund for
expenses incurred in response to the limited gaming permitted
in Central City, Black Hawk, and Cripple Creek under the constitutional
amendment adopted in 1990. Removes an existing provision that
prohibits the 3 limitedgaming towns from sharing in distributions
from the fund. Makes conforming amendments.
Be it enacted by the General Assembly of the State of Colorado:
SECTION 1. 1247.11501 (1), (2), (3), and (4), Colorado Revised Statutes, are amended to read:
1247.11501. Municipal limited
gaming impact fund. (1) There
is hereby created in the office of the state treasurer the municipal
limited gaming impact fund, referred to in this part 15 as the
"fund", for the purpose of compensating the municipalities
located in the counties of Gilpin and Teller other
than the City of Central, the City of Black Hawk, and the City
of Cripple Creek, for various expenses
incurred in response to the limited gaming permitted in the counties
of Gilpin and Teller.
(2) Out of the fifty percent share of limited gaming proceeds AVAILABLE to be transferred to the general fund OR TO SUCH OTHER FUND AS THE GENERAL ASSEMBLY SHALL PROVIDE pursuant to section 9 (5) (b) (II) of article XVIII of the state constitution prior to July 1, 2002, THE STATE TREASURER SHALL TRANSFER TO THE FUND:
(a) Two percent shall
be transferred annually; to
the fund by the state treasurer;
PLUS
(b) AN ADDITIONAL THREE MILLION DOLLARS ANNUALLY DURING FISCAL YEARS 199899 AND 19992000.
(3) Within thirty days of a transfer to the fund PURSUANT TO PARAGRAPH (a) OF SUBSECTION (2) OF THIS SECTION, the state treasurer shall make distributions to the governing bodies of the cities of Woodland Park and Victor in accordance with PARAGRAPH (a) OF subsection (4) of this section for planning, construction, and maintenance of public facilities, for the provision of public services, and for the mitigation of such other impacts resulting from limited gaming as the governing body of each city may determine.
(4) (a) Of the moneys transferred to the fund pursuant to PARAGRAPH (a) OF subsection (2) of this section, seventyfive percent shall be distributed to the governing body of the City of Woodland Park, and twentyfive percent shall be distributed to the governing body of the City of Victor for the purposes set forth in this section.
(b) (I) OF THE MONEYS TRANSFERRED TO THE FUND PURSUANT TO PARAGRAPH (b) OF SUBSECTION (2) OF THIS SECTION, ONE MILLION DOLLARS ANNUALLY SHALL BE DISTRIBUTED TO THE GOVERNING BODY OF THE CITY OF CENTRAL,ONE MILLION DOLLARS ANNUALLY SHALL BE DISTRIBUTED TO THE GOVERNING BODY OF THE CITY OF BLACK HAWK, AND ONE MILLION DOLLARS ANNUALLY SHALL BE DISTRIBUTED TO THE GOVERNING BODY OF THE CITY OF CRIPPLE CREEK FOR THE PURPOSES SET FORTH IN THIS SECTION.
(II) THIS PARAGRAPH (b) IS REPEALED, EFFECTIVE JULY 1, 2000.
SECTION 2. 1247.1701 (4) (b) (I) and (4) (c), Colorado Revised Statutes, are amended to read:
1247.1701. Limited gaming
fund repeal. (4) (b) (I) Of
the fifty percent SHARE OF LIMITED GAMING PROCEEDS AVAILABLE TO
BE transferred to the general fund OR TO SUCH OTHER FUND AS THE
GENERAL ASSEMBLY SHALL PROVIDE, pursuant to section 9 (5) (b)
(II) of article XVIII of the state constitution, prior to July
1, 2002, two percent, PLUS AN ADDITIONAL THREE MILLION DOLLARS
ANNUALLY DURING FISCAL YEARS 199899 AND 19992000,
shall be transferred to the municipal limited gaming impact fund
created in section 1247.11501 and the amount transferred
to the general fund pursuant to this subsection (4) shall be further
reduced to fortyeight and eighttenths
percent ACCORDINGLY.
(c) Out of the fortyeight
and eighttenths percent PORTION
that would otherwise be transferred to the general fund pursuant
to this subsection (4), an amount to be determined as provided
in paragraph (c) of subsection (1) of this section shall be transferred
to the state highway fund and the amount transferred to the general
fund pursuant to this subsection (4) shall be reduced accordingly.
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.