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CO SB114
Bill
AI Summary
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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.
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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.
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Includes any earned income or interest associated with the disputed payments in the definition.
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Credits all disputed tobacco settlement payments to the State General Fund rather than allocating them to other designated programs.
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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