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CO SB114

Bill

Status

Passed

3/19/2012

Primary Sponsor

Kent Lambert

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Amends Colorado Revised Statutes 24-75-1104.5 to extend the definition of "disputed payments" from tobacco litigation settlement moneys received on or after July 1, 2008, removing the previous cutoff date of July 1, 2011.

  • Redefines "disputed payments" to include all settlement moneys received from participating manufacturers regarding Colorado's maximum potential NPM adjustment allocable share, as calculated by an independent auditor.

  • Includes any earned income or interest associated with the disputed payments in the definition.

  • Credits all disputed tobacco settlement payments to the State General Fund rather than allocating them to other designated programs.

  • Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety.

Legislative Description

Disputed Tobacco Settlement Payments To Gen Fund

Last Action

Governor Action - Signed

3/19/2012

Committee Referrals

Appropriations1/31/2012

Full Bill Text

No bill text available