HB 14-1393 Summary

• Excludes federal funds received by local governments from their fiscal year spending calculations under Colorado's TABOR (Taxpayer Bill of Rights) limit, regardless of whether funds pass through the state first.

• Excludes federal fund grants received by enterprises from their calculations of the percentage of annual revenues derived from state and local government grants, regardless of funding source pathway.

• Defines key terms including "federal funds" as any pecuniary resources from the U.S. national government, "local government" as districts under TABOR, and "grant" as unrequired repayment contributions of money.

• Defines "state" as Colorado's central civil government comprising the legislative, executive, and judicial branches plus their departments, agencies, courts, and non-enterprise higher education institutions.

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