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CO SB214

Bill

Official Source

Status

Passed

5/17/2022

Primary Sponsor

Chris Hansen

Click for details

Origin

Senate

2022 Regular Session

AI Summary

  • Requires the state treasurer to transfer $198,470,883 from the General Fund to the PERA Payment Cash Fund on July 1, 2022
  • Amends Colorado Revised Statutes 24-51-416 to specify that the PERA Payment Cash Fund consists of money transferred in accordance with this requirement plus any other money the general assembly may appropriate or transfer
  • Directs the state treasurer to credit all interest and income derived from deposits and investments of money in the fund back to the fund
  • Declares the act necessary for the immediate preservation of public peace, health, or safety under the safety clause provision

Legislative Description

General Fund Transfer To Public Employees' Retirement Association Payment Cash Fund

Last Action

Governor Signed

5/17/2022

Committee Referrals

Appropriations4/25/2022
Appropriations4/19/2022

Full Bill Text

No bill text available