CO HB1450

Allocates additional general fund revenues available due to elimination of the hospital provider fee (contingent on House Bill 16-1420 becoming law) for fiscal years 2016-17 through 2020-21.

Requires annual estimation of revenues that would have been required to be refunded under the state fiscal year spending limit, with amounts allocated to: severance tax trust funds (repayment for diverted money since July 1, 2006), state education fund, college opportunity fund and higher education institutions, general fund, capital construction fund, and highway users tax fund.

Directs the state treasurer to transfer estimated additional revenues on December 31, 2016 and July 1 of each subsequent fiscal year in specified percentages to various funds, with maximum caps on severance tax fund transfers ($16.2 million total in FY 2016-17; $363.1 million cumulative through all years).

Restricts department of transportation expenditures of transferred highway users tax funds exclusively to specified transportation projects including Interstate 70 mountain corridor improvements, highway widening projects in Grand Junction and other areas, and transit projects.

Repeals this section effective July 1, 2022, and requires a study during fiscal year 2016-17 on state medical assistance spending growth reduction and offset options.