HB 22-1183 Summary

• Appropriates supplemental funding to the Colorado Department of the Treasury for fiscal year beginning July 1, 2021, amending Part XXII of SB 21-205.

• Allocates $845,672,651 total across three main areas: Administration ($4,286,131), Unclaimed Property Program ($2,618,453), and Special Purposes ($838,768,067).

• Special purposes funding includes $160,792,867 for senior citizen and disabled veteran property tax exemptions, $354,081,956 for highway user tax fund distributions to counties and municipalities, and $225,000,000 for PERA unfunded actuarial accrued liability.

• Includes $75,000,000 for collateralization lease purchase payments ($13,000,000 from general fund, $62,000,000 from cash funds) and $17,433,244 for academic facilities lease purchase.

• Includes safety clause declaring the act necessary for immediate preservation of public peace, health, and safety.