CO SB145

Caps transfers to the State Public School Fund at $26 million for the 2011-12 fiscal year from interest and income earned on Public School Fund investments, with excess amounts remaining in the fund as principal.

Caps transfers to the State Public School Fund at $21 million for the 2011-12 fiscal year from royalties and payments for natural resource extraction on public school lands, with excess amounts credited to the Permanent School Fund.

Extends full transfers of all interest, income, and natural resource royalties to the State Public School Fund for fiscal years 2008-09 through 2012-13, with specific carve-outs for capital construction assistance.

Repeals the $26 million interest and income cap provision effective July 1, 2013, and repeals the natural resource royalty cap provision effective July 1, 2013.

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