CO SB150

Designates the State Treasurer as centralized manager for state financial obligations of $1 million or more starting in fiscal year 2012-13, with sole discretion over issuance, timing, financing structure, and team selection.

Requires state agencies to provide 60 days' notice before incurring financial obligations and 30 days' notice before refinancing, along with necessary financial information to the State Treasurer.

Creates the State Public Financing Cash Fund, funded by up to $100,000 or 2% of principal proceeds from managed financial obligations, to reimburse the State Treasurer for compliance and disclosure costs.

Mandates the State Treasurer promulgate a comprehensive State Public Financing Policy within 90 days covering financing criteria, derivatives use, variable rate obligations, disclosure requirements, and post-issuance compliance procedures.

Reduces appropriation to the State Controller's office by $42,961 and 0.5 FTE for fiscal year 2012-13 to implement the act.