CO SB175

Adds section 24-30-1511.5 to Colorado Revised Statutes establishing procedures for transferring money between state self-insurance funds when one fund has insufficient cash balance for allowable expenditures.

Defines "state self-insurance fund" to include the Risk Management Fund (excluding State Employee Workers' Compensation Account), the Self-Insured Property Fund, and the State Employee Workers' Compensation Account.

Authorizes the Executive Director of the Department of Personnel to request the State Treasurer transfer money from another self-insurance fund's reserve balance, with transfer amount limited to the amount of the deficiency.

Requires the General Assembly to appropriate an amount equal to any transfer to the originating fund in the next annual general appropriations act, in addition to other amounts appropriated to that fund.

Prohibits transferred funds from being used for direct and indirect administrative costs of operating the risk management system.