CO SB187

The commission may transfer moneys from the state highway fund to the high-performance transportation enterprise to cover expenses before the enterprise receives bond proceeds or revenues.

Money loaned to the transportation enterprise shall be deposited into the statewide transportation enterprise operating fund and treated as a loan, not a grant, regardless of accounting principles.

The transportation enterprise must reimburse the state highway fund for the principal amount of any loan plus interest at a rate set by the commission as revenues exceed expenditures.

All loaned money deposited into the transportation special fund must be accounted for separately from other transportation special fund money.

The bill was signed by Governor John W. Hickenlooper and includes a safety clause declaring it necessary for immediate preservation of public peace, health, and safety.