CO SB255

State treasurer shall credit the first $20 million in severance tax revenues from minerals and mineral fuels to the general fund, received after the bill's effective date but before June 30, 2015

$1.5 million shall continue to be annually transferred to the innovative energy fund on July 1 each year through July 1, 2016

Remaining severance tax revenues after the innovative energy fund transfer shall be split 50% to the state severance tax trust fund and 50% to the local government severance tax fund

Provision directing $20 million to the general fund automatically repeals effective January 1, 2017

Act declared necessary for immediate preservation of public peace, health, and safety