Page 1
April 4, 2024 SB 24-170
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Revised Fiscal Note
(replaces fiscal note dated March 12, 2024)
Drafting Number:
Prime Sponsors:
LLS 24-0990
Sen. Zenzinger; Kirkmeyer
Rep. McLachlan
Date:
Bill Status:
Fiscal Analyst:
April 4, 2024
House State Affairs
John Armstrong | 303-866-6289
john.armstrong@coleg.gov
Bill Topic: AMERICA 250 – COLORADO 150 COMMISSION
Summary of
Fiscal Impact:
☐ State Revenue
☒ State Expenditure
☒ State Transfer
☐ TABOR Refund
☐ Local Government
☐ Statutory Public Entity
The bill expands the number of members of the America 250–Colorado 150
Commission; clarifies accounting for gifts, grants, and donations; and makes a transfer
from the General Fund to the commission’s cash fund. The bill creates a one-time
transfer of funds and increases state expenditures starting in FY 2024-25.
Appropriation
Summary:
No appropriation is required.
Fiscal Note
Status:
The revised fiscal note reflects the reengrossed bill.
Table 1
State Fiscal Impacts Under SB 24-170
Budget Year
FY 2024-25
Out Year
FY 2025-26
Revenue
- -
Expenditures
1
Cash Funds $250,000 -
Total Expenditures $250,000 -
Transfers General Fund ($250,000) -
Cash Funds $250,000 -
Net Transfer $0 -
Other Budget
Impacts
- -
1
Expenditures from the continuously appropriated America 250–Colorado 150 Cash Fund are shown in FY 2024-25
for informational purposes. The timing of actual expenditures may vary and spending may occur through
FY 2026-27.
Page 2
April 4, 2024 SB 24-170
Summary of Legislation
The bill adds five members to the America 250–Colorado 150 Commission, to be appointed
by the Governor. Appointments must be made within 30 days after the effective date of the
bill. The bill also directs History Colorado and the commission to transmit any money
received from gifts, grants and donations to the State Treasurer to be credited to the
America 250–Colorado 150 Cash Fund, which is established in House Bill 24-1209. The bill
transfers $250,000 from the General Fund to this cash fund on July 1, 2024.
State Transfers
In FY 2024-25, the bill makes a one-time transfer of $250,000 from the General Fund to the
America 250–Colorado 150 Cash Fund.
State Expenditures
The bill increases cash fund expenditures in History Colorado by a total of $250,000 between
FY 2024-25 and FY 2026-27. This increase reflects the spending of funds transferred to the
America 250–Colorado 150 Cash Fund. This fund is continuously appropriated to History
Colorado. The bill also minimally increases workload for the Governor’s Office of Boards and
Commissions to make the required appointments under the bill. This work can be accomplished
within existing appropriations.
Effective Date
The bill takes effect upon signature of the Governor, or upon becoming law without his
signature.
State and Local Government Contacts
Governor's Office of Boards and Commissions Military Affairs
History Colorado Joint Budget Committee Staff
Treasury
The revenue and expenditure impacts in this fiscal note represent changes from current law under the bill for each
fiscal year. For additional information about fiscal notes, please visit the General Assembly website.