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CO HB1419

Bill

Official Source

Status

Passed

5/4/2016

Primary Sponsor

Millie Hamner

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Reduces the required general fund reserve for fiscal year 2015-16 from 6.5% to 5.6% of general fund appropriations
  • Maintains the 6.5% reserve requirement for fiscal year 2014-15 and all subsequent fiscal years after 2015-16
  • Amends Colorado Revised Statutes 24-75-201.1 to create a one-year exception to the standard reserve requirement
  • Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety
  • Approved June 4, 2016 by Governor John Hickenlooper

Legislative Description

FY2015-16 Statutory Reserve Reduction

Last Action

Governor Signed

5/4/2016

Committee Referrals

Appropriations4/1/2016
Appropriations3/28/2016

Full Bill Text

No bill text available