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CO SB106
Bill
AI Summary
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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.
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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.
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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.
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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.
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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