HB23-1179
Agricultural Products Inspection Cash Fund Reserve
Concerning the maximum uncommitted reserve that may be retained in the agricultural products inspection cash fund.
Session:
2023 Regular Session
Subjects:
Bill Summary
Agriculture
State Revenue & Budget
Colorado law limits the amount of uncommitted money that may remain in a cash fund at the end of a state fiscal year to 16.5% of the amount spent during the fiscal year. The act exempts the agricultural products inspection cash fund from the 16.5% uncommitted balance limit and instead imposes a limit of 50% of the amount spent from the fund during the fiscal year.
APPROVED by Governor April 20, 2023
EFFECTIVE August 7, 2023
NOTE: This act was passed without a safety clause and takes effect 90 days after sine die.
(Note: This summary applies to this bill as enacted.)