CO SB263

Delays submission of a transportation revenue anticipation notes (TRANs) ballot issue from November 2019 to November 2020 general election.

Reduces authorized TRANs issuance from $2.337 billion to $1.837 billion with maximum repayment cost reduced from $3.25 billion to $2.56 billion.

Extends the period for $50 million annual transfers from the general fund to the state highway fund from 20 years (through June 30, 2039) to 21 years (through June 30, 2040).

Limits repeal of lease-purchase agreements authorized by SB 17-267 to only two tranches instead of three, contingent on ballot issue approval.

Reduces anticipated annual state-funded lease-purchase payments from $150 million to $75 million and adjusts lease execution schedules to occur after July 1 of applicable fiscal years.