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Reverse Transfers From Severance Tax Operational Fund

Concerning the stabilization of revenue in the severance tax operational fund by returning money that was transferred to natural resources and energy grant programs.
2021 Regular Session
Natural Resources & Environment
State Revenue & Budget
Bill Summary

To avoid a fund deficit in the severance tax operational fund, the act reverses 5 transfers made from the fund to other cash funds after the fiscal year 2019-20. Specifically, the state treasurer is required to transfer the following amounts to the fund:

  • $1,998,205 from the species conservation trust fund;
  • $1,600,964 from the parks and wildlife aquatic nuisance species fund;
  • $219,803 from the water efficiency grant program cash fund;
  • $297,759 from the interbasin compact committee operation fund; and
  • $3,996,410 from the water supply reserve fund.
    (Note: This summary applies to this bill as enacted.)


Became Law


Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    04/30/2021 Signed Act PDF
    04/21/2021 Final Act PDF
    04/19/2021 Rerevised PDF
    04/15/2021 Revised PDF
    04/09/2021 Reengrossed PDF
    04/08/2021 Engrossed PDF
    04/05/2021 Introduced PDF

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details