CO SB283

Creates the Cash Fund Solvency Fund in the state treasury to provide temporary loans to fee-funded cash funds experiencing revenue shortfalls during off-cycle years or due to unexpected decreases in fee collections.

Authorizes the State Controller to transfer money from the solvency fund to eligible cash funds upon request from the Office of State Planning and Budgeting, with repayment required in one or more installments over multiple fiscal years as determined by the State Controller.

Transfers $3,100,000 from the General Fund to the Cash Fund Solvency Fund on July 1, 2021, to establish the initial fund balance.

Transfers $1,805,317 from the Marijuana Tax Cash Fund and $1,200,000 from the General Fund to the Marijuana Cash Fund on July 1, 2021, with these transfers repealing effective July 1, 2022.

Requires the State Controller to annually report to the Joint Budget Committee and Office of State Planning and Budgeting regarding all transfers made, repayment terms, and amounts repaid, beginning November 1, 2021.