CO SB112

Requires all financial assistance awarded from the Public School Capital Construction Assistance Fund under the "Building Excellent Schools Today Act" to be subject to annual appropriation.

Modifies Colorado Revised Statutes 22-43.7-104(3) to clarify that department expenditures for direct and indirect administrative costs must be approved through annual appropriation.

Maintains continuous appropriation to the board for providing financial assistance, making required payments, and covering transaction costs, except for lease-purchase agreement payments which require annual appropriation.

Applies to fiscal years commencing on or after July 1, 2014.

Declares the act necessary for immediate preservation of public peace, health, and safety.