First Regular Session
Sixty-second General Assembly
LLS NO. 99-0198.01 Robert Neill SENATE BILL 99-029
STATE OF COLORADO
BY SENATOR Grampsas;
also REPRESENTATIVE Spradley.
FINANCE
APPROPRIATIONS
A BILL FOR AN ACT
101 CONCERNING THE PROVISION OF ADDITIONAL REVENUE TO MUNICIPAL
102 GOVERNMENTS TO MEET EXPENSES NECESSITATED BY THE ADVENT
103 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 $3 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 limited gaming towns
from sharing in distributions from the fund. Makes conforming
amendments.
1 Be it enacted by the General Assembly of the State of Colorado:
2 SECTION 1. 12-47.1-1501 (1), (2), (3), and (4), Colorado
3 Revised Statutes, are amended to read:
4 12-47.1-1501. Municipal limited gaming impact fund - repeal.
5 (1) There is hereby created in the office of the state treasurer the
6 municipal limited gaming impact fund, referred to in this part 15 as the
7 "fund", for the purpose of compensating the municipalities located in the
[ ] denotes HOUSE amendment. { } denotes SENATE amendment.
Capital letters indicate new material to be added to existing statute.
Dashes through the words indicate material to be deleted from existing statute.
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1 counties of Gilpin and Teller other than the City of Central, the City of
2 Black Hawk, and the City of Cripple Creek, for various expenses incurred
3 in response to the limited gaming permitted in the counties of Gilpin and
4 Teller.
5 (2) Out of the fifty percent share of limited gaming proceeds
6 AVAILABLE to be transferred to the general fund OR TO SUCH OTHER FUND
7 AS THE GENERAL ASSEMBLY SHALL PROVIDE pursuant to section 9 (5) (b)
8 (II) of article XVIII of the state constitution prior to July 1, 2002, THE
9 STATE TREASURER SHALL TRANSFER TO THE FUND:
10 (a) Two percent shall be transferred annually; to the fund by the
11 state treasurer; AND
12 (b) AN ADDITIONAL THREE MILLION DOLLARS ANNUALLY DURING
13 FISCAL YEARS 1999-2000 AND 2000-01.
14 (3) Within thirty days of a transfer to the fund PURSUANT TO
15 PARAGRAPH (a) OF SUBSECTION (2) OF THIS SECTION, the state treasurer
16 shall make distributions to the governing bodies of the cities of Woodland
17 Park and Victor in accordance with PARAGRAPH (a) OF subsection (4) of
18 this section for planning, construction, and maintenance of public
19 facilities, for the provision of public services, and for the mitigation of
20 such other impacts resulting from limited gaming as the governing body
21 of each city may determine.
22 (4) (a) Of the moneys transferred to the fund pursuant to
23 PARAGRAPH (a) OF subsection (2) of this section, seventy-five percent
24 shall be distributed to the governing body of the city of Woodland Park,
25 and twenty-five percent shall be distributed to the governing body of the
26 city of Victor for the purposes set forth in this section.
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1 (b) (I) OF THE MONEYS TRANSFERRED TO THE FUND PURSUANT TO
2 PARAGRAPH (b) OF SUBSECTION (2) OF THIS SECTION, ONE MILLION
3 DOLLARS ANNUALLY SHALL BE DISTRIBUTED TO THE GOVERNING BODY OF
4 THE CITY OF CENTRAL, ONE MILLION DOLLARS ANNUALLY SHALL BE
5 DISTRIBUTED TO THE GOVERNING BODY OF THE CITY OF BLACK HAWK,
6 AND ONE MILLION DOLLARS ANNUALLY SHALL BE DISTRIBUTED TO THE
7 GOVERNING BODY OF THE CITY OF CRIPPLE CREEK FOR THE PURPOSES SET
8 FORTH IN THIS SECTION.
9 (II) THIS PARAGRAPH (b) IS REPEALED, EFFECTIVE JULY 1, 2001.
10 SECTION 2. 12-47.1-701 (4) (b) (I) and (4) (c), Colorado
11 Revised Statutes, are amended to read:
12 12-47.1-701. Limited gaming fund - repeal. (4) (b) (I) Of the
13 fifty percent SHARE OF LIMITED GAMING PROCEEDS AVAILABLE TO BE
14 transferred to the general fund OR TO SUCH OTHER FUND AS THE GENERAL
15 ASSEMBLY SHALL PROVIDE, pursuant to section 9 (5) (b) (II) of article
16 XVIII of the state constitution prior to July 1, 2002, two percent, PLUS AN
17 ADDITIONAL THREE MILLION DOLLARS ANNUALLY DURING FISCAL YEARS
18 1999-2000 AND 2000-01, shall be transferred to the municipal limited
19 gaming impact fund created in section 12-47.1-1501 and the amount
20 transferred to the general fund pursuant to this subsection (4) shall be
21 further reduced to forty-eight and eight-tenths percent ACCORDINGLY.
22 (c) Out of the forty-eight and eight-tenths percent PORTION that
23 would otherwise be transferred to the general fund pursuant to this
24 subsection (4), an amount to be determined as provided in paragraph
25 of subsection (1) of this section shall be transferred to the state highway
26 fund and the amount transferred to the general fund pursuant to this
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1 subsection (4) shall be reduced accordingly.
2 SECTION 3. Safety clause. The general assembly hereby finds,
3 determines, and declares that this act is necessary for the immediate
4 preservation of the public peace, health, and safety.