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CO SB141

Bill

Official Source

Status

Failed

2/25/2020

Primary Sponsor

Dennis Hisey

Click for details

Origin

Senate

2020 Regular Session

AI Summary

  • Exempts three cash funds administered by the Division of Fire Prevention and Control from the 16.5% maximum uncommitted reserve limit that applies to cash funds with fee revenue
  • The exempted funds are: the Fire Suppression Cash Fund, the Public School Construction and Inspection Cash Fund, and the Health Facility Construction and Inspection Cash Fund
  • Adds new subsections (qq), (rr), and (ss) to Colorado Revised Statutes 24-75-402 to exclude these funds from reserve limitations
  • Takes effect 90 days after final adjournment of the general assembly (August 5, 2020, if adjournment occurs May 6, 2020), subject to referendum petition rights

Legislative Description

Cash Funds Maximum Reserve Exception

Last Action

Senate Committee on Finance Postpone Indefinitely

2/25/2020

Committee Referrals

Finance1/27/2020

Full Bill Text

No bill text available