SB 13-022 Summary

• County treasurers become the public trustee in all Colorado counties by February 1, 2015, eliminating governor-appointed public trustees in first and second class counties.

• Board of county commissioners in second class counties shall determine the specific date on which the county treasurer becomes public trustee, provided it occurs by February 1, 2015.

• Denver and Broomfield are exempted and shall continue to use their charter-specified equivalent officers as public trustee, subject to the same duties as county treasurers serving as public trustee.

• Public trustee salary is established at $12,500 per year beginning February 1, 2015, paid from fees collected by the public trustee office rather than county funds.

• Governor's authority to appoint public trustees in first and second class counties and fill vacancies in those offices is eliminated beginning February 1, 2015.