CO HB1074

Reduces transfers of limited gaming revenue to seven designated cash funds by 10% each, totaling $3,010,000 in cuts.

Redirects the $3,010,000 in reduced gaming revenue to the state public school fund to reduce costs for school districts, charter schools, and boards of cooperative services purchasing supplemental online education courses.

Specifically reduces annual transfers to: Colorado travel and tourism promotion fund ($15M to $13.5M), advanced industries acceleration fund ($5M to $4.95M), local government limited gaming impact fund ($5M to $4.5M), innovative higher education research fund ($2M to $1.89M), creative industries cash fund ($2M to $1.8M), and film/television/media operations fund ($500K to $450K).

Establishes that the state public school fund receives money from both federal mineral leasing revenues and the limited gaming fund through this new transfer mechanism.

Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety.