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CO SB167

Bill

Official Source

Status

Passed

6/10/2016

Primary Sponsor

Kevin Grantham

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Reduces the Severance Tax Operational Fund reserve by $2,980,000 for the fiscal year commencing July 1, 2016
  • The reduction applies to the reserve amount based on operating appropriations for programs specified in statute 39-29-109.3(1)
  • The reduction provision automatically repeals on July 1, 2017, making it a one-year measure
  • Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety
  • Approved by Governor John W. Hickenlooper on June 10, 2016

Legislative Description

Severance Tax Operational Fund Reserve Reduction

Last Action

Governor Signed

6/10/2016

Committee Referrals

Appropriations4/6/2016
Appropriations3/21/2016

Full Bill Text

No bill text available