SB11-238 Summary

• Extends annual transfers of federal mineral lease revenues to Colorado's Wildfire Preparedness Fund for fiscal years 2012-2013, transferring $3.25 million annually unless alternative funding becomes available.

• Requires the Colorado State Forest Service to annually report on use of transferred wildfire preparedness moneys to the Department of Local Affairs, Office of State Planning and Budgeting, and General Assembly.

• Repeals the reporting requirement effective July 1, 2016, and removes obsolete provisions related to county election procedures for mineral lease fund distributions.

• Modifies school finance provisions to clarify calculation of state aid based on mineral lease moneys and school lands revenues received by districts.

• Amends uranium mill tailings remedial action program fund provisions to allow donations from local government severance tax and mineral impact funds with oversight committee approval.