HB 19-1258 Summary

• Allocates revenue from 2019 voter-approved Proposition CC in equal one-third shares to public schools, higher education, and roads/bridges/transit

• Requires State Treasurer to transfer one-third of funds to Highway Users Tax Fund with 85% maximum for highways and 15% minimum for transit purposes

• Directs General Assembly to appropriate one-third for higher education and one-third for public schools on per-pupil basis for nonrecurring classroom improvements, educator retention, teacher training, books, and technology

• Prohibits school districts from using appropriated funds as part of district reserves

• Requires State Auditor to separately report revenues from 2005 and 2019 voter-approved revenue changes with transfers occurring within three business days of certification