Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
HB22-1400

Procedural Requirements For State Enterprises

Concerning matters related to a procedural requirement for state enterprises.
Session:
2022 Regular Session
Subject:
Higher Education
Bill Summary

The act permits an institution of higher education (institution), or a group of institutions that is managed by a single governing board, that was designated as an enterprise by the institution's or facility's governing body as of January 1, 2021, and that subsequently disqualifies as an enterprise, to qualify and be redesignated as an enterprise without voter approval. The act permits an auxiliary facility, or group of auxiliary facilities with similar functions, that is managed by the governing body of an institution or by the board of directors of the Auraria higher education center that was designated as an enterprise by the institution's or facility's governing body as of January 1, 2021, and that subsequently disqualifies as an enterprise, to qualify and be redesignated as an enterprise without voter approval.

The act prohibits a state enterprise that was qualified or created after January 1, 2021, from receiving more than $100,000,000 in revenue from fees and surcharges in its first 5 fiscal years unless approved at a statewide general election. The act repeals the requirement that an election be held based on an enterprise's projected revenue. If a state enterprise has collected $100,000,000 in fees and surcharges in its first 5 fiscal years prior to approval, the state enterprise must stop collecting fees and surcharges.

The act clarifies that, for the purpose of applying the approval requirements, enterprises serve primarily the same purpose when they provide the same services in the same geographic area and that the first 5 fiscal years of a state enterprise for the purpose of calculating the $100,000,000 amount are the first 5 state fiscal years since the creation or first qualification of the enterprise.


(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

Menu

Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    06/07/2022 Signed Act PDF
    05/31/2022 Final Act PDF
    05/10/2022 Rerevised PDF
    05/09/2022 Revised PDF
    05/02/2022 Reengrossed PDF
    04/29/2022 Engrossed PDF
    04/25/2022 Introduced PDF
Email addresses for the Colorado legislature are changing from the @state.co.us domain to the @coleg.gov domain on December 1, 2022. Details