SB 25-036 Fiscal Note Legislative Council Staff Nonpartisan Services for Colorado’s Legislature SB 25-036: STATE PATROL BONDING EXCEPTION Prime Sponsors: Sen. Catlin Published for: Senate Business, Labor & Tech. Drafting number: LLS 25-0262 Fiscal Analyst: Kristine McLaughlin, 303-866-4776 kristine.mclaughlin@coleg.gov Version: Initial Fiscal Note Date: January 16, 2025 Fiscal note status: The fiscal note reflects the introduced bill. Summary Information Overview. The bill allows a member of the Colorado State Patrol to be self-insured. No fiscal impact. The bill has no fiscal impact on state or local government. Appropriations. No appropriation is required. Table 1 State Fiscal Impacts Type of Impact Budget Year FY 2025-26 Out Year FY 2026-27 State Revenue $0 $0 State Expenditures $0 $0 Transferred Funds $0 $0 Change in TABOR Refunds $0 $0 Change in State FTE 0.0 FTE 0.0 FTE Page 2 January 16, 2025 SB 25-036 Summary of Legislation The bill makes an exception to the requirement that a member of the Colorado State Patrol (CSP) give a surety bond to the state if the CSP is self-insured through the Colorado State Office of Risk Management, as it is currently. Assessment of No Fiscal Impact The bill updates state law to allow CSP officers to be covered by the Office of Risk Management. As CSP is unable to acquire third-party surety bonds, this codifies current practice, and results in no change to state or local government revenue or expenditures. For this reason, the bill is assessed as having no fiscal impact. Effective Date The bill takes effect 90 days following adjournment of the General Assembly sine die, assuming no referendum petition is filed. State and Local Government Contacts Information Technology Personnel Public Safety 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.