CO HB1148

State treasurer shall transfer the general fund surplus for fiscal year 2014-15 to the state highway fund upon publication of the state's comprehensive annual financial report for that year.

Department of transportation must expend transferred funds for implementation of the strategic transportation investment program with a requirement that at least 10% be used for transit purposes or transit-related capital improvements.

State controller shall account for overexpenditures, expected accrual adjustments, constitutional refund requirements, and statutory reserves when calculating the general fund surplus.

Bill adds new statute (24-75-224) and amends existing highway fund allocation provisions to include the transferred general fund surplus alongside other highway funding sources.