CO SB027

Creates the Colorado Economic Stability Fund in the state treasury with principal consisting of general fund moneys transferred pursuant to the bill's requirements

Requires automatic transfer of 10% of any year-over-year increase in general fund revenues to the stability fund, effective June 30, unless the transfer would cause the fund balance to exceed 15% of that year's general fund revenues

Requires transfer of moneys from the stability fund back to the general fund if the fund balance exceeds 15% of the highest general fund revenues from the prior 4 fiscal years

Allows the general assembly to appropriate or transfer up to one-half of stability fund moneys only upon declaring either a state fiscal emergency (with 10% revenue decline) or extraordinary circumstances, each requiring a two-thirds majority joint resolution approved by the governor

Permits fund withdrawals only for TABOR refunds or programs in existence prior to the fiscal year that provide vital services determined by the joint budget committee to preserve public peace, health, or safety