HB 22-1195 Summary

• Transfers $4,113,216 from the general fund to the capital construction fund on April 1, 2022.

• Transfers $950,690 from the general fund to the information technology capital account on April 1, 2022.

• Allows transfers to occur on dates other than July 1 of the fiscal year, as specified in the statute.

• These transfers are not subject to appropriations limitations under section 24-75-201.1.

• Bill contains a safety clause declaring it necessary for immediate preservation of public peace, health, or safety.