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CO SB106

Bill

Status

Passed

3/27/2014

Primary Sponsor

Kent Lambert

Click for details

Origin

Senate

2014 Regular Session

AI Summary

  • Changes the timing of mineral leasing fund revenue estimates from March to December for determining if appropriations from the local government permanent fund are needed.

  • Allows the general assembly to appropriate funds from the local government permanent fund to the Department of Local Affairs for either the current or next fiscal year if mineral leasing fund revenues are anticipated to decline by at least 10% compared to the previous fiscal year.

  • Appropriates $4,304,072 from the local government permanent fund to the Department of Local Affairs for fiscal year 2013-2014 for direct distribution to counties, federal mineral lease districts, and municipalities.

  • Requires the Department of Local Affairs to distribute appropriated moneys directly to counties and municipalities using the same methodology as other mineral impact fund distributions.

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

Legislative Description

Appropriations From Local Gov Permanent Fund

Last Action

Governor Signed

3/27/2014

Committee Referrals

Local Government2/13/2014
Appropriations1/27/2014

Full Bill Text

No bill text available