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CO SB134

Bill

Status

Passed

3/23/2020

Primary Sponsor

Rob Woodward

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Origin

Senate

2020 Regular Session

AI Summary

  • Amends Colorado Revised Statutes 24-75-402(2)(h)(IV) to modify how non-fee source revenues are estimated when calculating uncommitted reserves in cash funds.

  • Removes the requirement that non-fee revenue estimates equal the portion of total revenues received from non-fee sources in the prior fiscal year.

  • Simplifies the definition of "uncommitted reserves" by repealing specific language that previously mandated the prior year calculation method for non-fee revenue estimates.

  • Declares the act necessary for immediate preservation of public peace, health, or safety under the safety clause provision.

Legislative Description

Estimate Of Non-fee Sources Of Cash Fund Revenue

Last Action

Governor Signed

3/23/2020

Committee Referrals

Finance2/19/2020
Finance1/27/2020

Full Bill Text

No bill text available