CO HB1177

Creates the Colorado Economic Stability Fund in the state treasury with principal consisting of general fund moneys, with all interest and income credited to the fund rather than the general fund.

Requires automatic transfer of 10% of any year-over-year increase in general fund revenues to the fund at fiscal year end, unless the transfer would cause the fund balance to exceed 15% of annual general fund revenues.

Allows the General Assembly to appropriate or transfer up to one-half of fund moneys only if general fund revenues decreased by at least 10% from the prior year and a state fiscal emergency is declared by two-thirds majority vote of both houses and the governor.

Restricts appropriations from the fund to existing programs that were receiving state funding before the fiscal year began and provide vital services necessary to preserve public peace, health, or safety, as determined by the Joint Budget Committee.

Permits appropriation or transfer of more than one-half of fund moneys only through a separate joint resolution approved by two-thirds majority vote of both houses and the governor.