CO SB112

Caps transfers from public school land investment earnings to the state public school fund at $20 million for the 2012-13 fiscal year, with earnings above that amount remaining in the fund as principal.

Caps transfers of royalties and natural resource extraction payments from public school lands at $27 million for the 2012-13 fiscal year, with amounts exceeding this cap credited to the permanent school fund as principal.

Exempts amounts already credited to the public school capital construction assistance fund and state land board trust administration fund from these transfer caps.

Applies only to the 2012-13 state fiscal year.

Declared necessary for immediate preservation of public peace, health, and safety.