CO SB087

Redirects three percent of fees collected under section 40-2-113 to fund the Highway-Rail Crossing Signalization Fund starting in fiscal year 2016-17, with amounts adjusted for inflation at two percent annually beginning in 2017-18.

Establishes a minimum funding amount of $240,000 plus cumulative two percent inflation adjustments for the Highway-Rail Crossing Signalization Fund for fiscal years 2017-18 and thereafter.

Allocates up to $150,000 of collected fees to the Public Utilities Commission Fixed Utility Fund for rail fixed guideway system safety oversight responsibilities under the federal "Moving Ahead for Progress in the 21st Century Act."

Appropriates $240,000 from the Highway Users Tax Fund to the Highway-Rail Crossing Signalization Fund for fiscal year 2016-17, with the Department of Regulatory Agencies responsible for accounting.

Allows interest earned on deposits and investments in the Highway-Rail Crossing Signalization Fund to remain in the fund and be continuously appropriated to the Public Utilities Commission for fund purposes.