Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
SB17-262

HUTF And Capital Construction Fund Transfers

Concerning the transfer of money from the general fund to cash funds that are used for the state's infrastructure.
Session:
2017 Regular Session

Joint Budget Committee. For the current state fiscal year and for the next 3 state fiscal years, the state treasurer is required to transfer money from the general fund to the capital construction fund and the highway users tax fund (Senate Bill 228 transfers). For the current fiscal year, the Senate Bill 228 transfers are fixed amounts and for the remaining years, they are a percentage of the total general fund revenues, that may be reduced or eliminated if the state has to refund excess state revenues in accordance with the taxpayer's bill of rights.

The bill reduces the transfer to the highway users tax fund to be made for the current fiscal year on June 30, 2017, from $158 million to $79 million. The future conditional transfers to the highway users tax fund are replaced with the following fixed transfers:

  • $79 million on June 30, 2018;
  • $160 million on June 30, 2019; and
  • $160 million on June 30, 2020.

The future conditional transfers to the capital construction fund are replaced with the following fixed transfers:

  • No transfer for the fiscal year 2017-18;
  • $60 million on June 30, 2019; and
  • $60 million on June 30, 2020.

The bill also repeals provisions that relate to the conditional transfers.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed

Bill Text

  • All Versions (6 )
    Date Bill Type Documents
    04/27/2017 Final Act PDF
    04/25/2017 Rerevised PDF
    04/20/2017 Revised PDF
    03/30/2017 Reengrossed PDF
    03/29/2017 Engrossed PDF
    03/27/2017 Introduced PDF