HB 20-1383 Summary

• Modifies Colorado's general fund reserve requirements by reducing the reserve percentages for fiscal years 2019-20 through 2021-22

• Fiscal year 2019-20 reserve requirement reduced to 3.07% of general fund appropriations (from the prior 7.25% requirement)

• Fiscal years 2020-21 and 2021-22 reserve requirement reduced to 2.86% of general fund appropriations

• Fiscal year 2022-23 and thereafter returns to 7.25% of general fund appropriations

• Declared necessary for immediate preservation of public peace, health, or safety under emergency provisions