SENATE BILL 25-110
BY SENATOR(S) Bridges, Amabile, Kirkmeyer;
also REPRESENTATIVE(S) Bird, Sirota, Taggart, Duran, Joseph, Lieder,
Story, McCluskie.
C
ONCERNING A SUPPLEMENTAL APPROPRIATION TO THE DEPARTMENT OF
THE TREASURY
.
Be it enacted by the General Assembly of the State of Colorado:
SECTION 1. Appropriation to the department of the treasury
for the fiscal year beginning July 1, 2024. In Session Laws of Colorado
2024, section 2 of chapter 519, (HB 24-1430), amend Part XXIII as
follows:
Section 2. Appropriation.
NOTE: This bill has been prepared for the signatures of the appropriate legislative
officers and the Governor. To determine whether the Governor has signed the bill
or taken other action on it, please consult the legislative status sheet, the legislative
history, or the Session Laws.
________
Capital letters or bold & italic numbers indicate new material added to existing law; dashes
through words or numbers indicate deletions from existing law and such material is not part of
the act. APPROPRIATION FROM
ITEM &
SUBTOTAL
TOTAL GENERAL
FUND
GENERAL
FUND
EXEMPT
CASH
FUNDS
REAPPROPRIATED
FUNDS
FEDERAL
FUNDS
PART XXIII
DEPARTMENT OF THE TREASURY
(1) ADMINISTRATION
Personal Services 4,745,899 3,639,541 1,106,358
a
(37.5 FTE)
Health, Life, and Dental 648,766 390,878 257,888
b
Short-term Disability 7,476 4,772 2,704
b
Paid Family and Medical
Leave Insurance 22,256 14,221 8,035
b
Unfunded Liability
Amortization Equalization
Disbursement Payments 436,900 284,242 152,658
b
Salary Survey 153,814 100,411 53,403
b
Step Pay 102,735 57,369 45,366
b
PERA Direct Distribution 75,527 49,137 26,390
b
Workers' Compensation and
Payment to Risk
Management and Property
Funds 35,707 35,707
Operating Expenses 2,192,234 2,192,234
Information Technology
Asset Maintenance 18,000 9,000 9,000
b
Legal Services 122,197 38,060 84,137
c
Capitol Complex Leased
Space 62,530 37,285 25,245
b
Payments to OIT 235,606
141,364
94,242
b
265,730 155,374 110,356
b
CORE Operations 185,258 83,366 101,892
b
Charter School Facilities Financing Services 7,5007,500(I)
d
PAGE 2-SENATE BILL 25-110 APPROPRIATION FROM
ITEM &
SUBTOTAL
TOTAL GENERAL
FUND
GENERAL
FUND
EXEMPT
CASH
FUNDS
REAPPROPRIATED
FUNDS
FEDERAL
FUNDS
Discretionary Fund 5,000 5,000
9,057,405
9,087,529
a
Of this amount, $887,488 shall be from cash management transaction fees pursuant to Section 24-36-120, C.R.S., and $218,870 sh all be from the Unclaimed Property Trust Fund created
in Section 38-13-801 (1)(a), C.R.S.
b
These amounts shall be from the principal balance of the Unclaimed Property Trust Fund created in Section 38-13-801 (1)(a), C. R.S.
c
Of this amount, it is estimated that $57,142(I) shall be from the State Public Financing Cash Fund created in Section 24-36-12 1 (7)(a), C.R.S., $23,292 shall be from the principal balance
of the Unclaimed Property Trust Fund created in Section 38-13-801 (1)(a), C.R.S., and $3,703 shall be from interest or income e arned on the investment of the money in the Public School
Fund pursuant to Section 22-41-102, C.R.S. Appropriations from the State Public Financing Cash Fund are shown for informational purposes only because the State Public Financing
Cash Fund is continuously appropriated to the State Treasurer pursuant to Section 24-36-121 (7)(a), C.R.S.
d
This amount shall be from the Charter School Financing Administrative Cash Fund created in Section 22-30.5-406 (1)(c)(I), C.R. S. Money from the Charter School Financing
Administrative Cash Fund is continuously appropriated and is included for informational purposes to comply with the limitation on state fiscal year spending imposed by Section 20
of Article X of the State Constitution.
(2) UNCLAIMED PROPERTY PROGRAM
Personal Services 1,900,442 1,900,442
a
(24.0 FTE)
Operating Expenses 1,348,180
1,348,180
a
1,395,610 1,395,610
a
Promotion and
Correspondence 200,000 200,000
a
Contract Auditor Services 800,000 800,000(I)
b
4,248,622
4,296,052
a
These amounts shall be from the principal balance of the Unclaimed Property Trust Fund created in Section 38-13-801 (1)(a), C. R.S.
b
This amount shall be from revenues collected by contract audito rs. This amount is included for informational purposes only and is continuously appropriated for payment of contract
services pursuant to Section 38-13-801 (2)(b), C.R.S.
PAGE 3-SENATE BILL 25-110 APPROPRIATION FROM
ITEM &
SUBTOTAL
TOTAL GENERAL
FUND
GENERAL
FUND
EXEMPT
CASH
FUNDS
REAPPROPRIATED
FUNDS
FEDERAL
FUNDS
(3) SPECIAL PURPOSE
Senior Citizen and Disabled
Veteran Property Tax
Exemption 175,301,704 175,301,704(I)
a
Household Financial
Recovery Program 200,000 200,000
Business Personal Property
Tax Exemption 17,768,619 17,768,619(I)
b
Highway Users Tax Fund -
County Payments 209,464,904 209,464,904(I)
c
Highway Users Tax Fund -
Municipality Payments 136,340,258 136,340,258(I)
c
Property Tax
Reimbursement for
Property Destroyed by
Natural Cause 1,000,000 1,000,000
Lease Purchase of
Academic Facilities
Pursuant to Section
23-19.9-102, C.R.S. 17,437,10017,437,100(I)
d
Lease Purchase of
Academic Facilities
Pursuant to Section
24-82-803, C.R.S. 4,753,0004,753,000(I)
e
Public School Fund
Investment Board Pursuant
to Section 22-41-102.5,
C.R.S. 1,760,000 1,760,000
f
S.B. 17-267
Collateralization Lease
Purchase Payments150,000,000 100,000,000 50,000,000
g
PAGE 4-SENATE BILL 25-110 APPROPRIATION FROM
ITEM &
SUBTOTAL
TOTAL GENERAL
FUND
GENERAL
FUND
EXEMPT
CASH
FUNDS
REAPPROPRIATED
FUNDS
FEDERAL
FUNDS
Direct Distribution for Unfunded Actuarial Accrued PERA Liability 225,000,000 165,371,147
59,628,853(I)
h
165,371,147(I)
j
Law Enforcement Officers'
and Firefighters'
Continuation of Health
Benefits Program 150,000 150,000
i
939,175,585
a
Pursuant to Section 3.5 (3) of Article X of the State Constitution, this amount is not subject to the limitation on General Fu nd appropriations set forth in Section 24-75-201.1 (1)(a),
C.R.S., because enactment of this constitutional provision by the people of Colorado constitutes voter approval of a weakening of such limitation. This amount reflects the estimate of
the money that shall be paid to fully reimburse counties pursuant to Section 39-3-207 (4)(a), C.R.S., for lost property tax rev enues as a result of property owners claiming the exemption.
b
This amount is not subject to the limitation on General Fund appropriations set forth in Section 24-75-201.1 (1)(a), C.R.S., b ecause it is not a state general fund appropriation. This
amount reflects the estimate of the money that shall be paid to fully reimburse counties pursuant to Section 39-3-119.5 (3)(e), C.R.S., for the aggregate value of business personal property
that is exempt from property tax.
c
These amounts represent estimated allocations from the Highway Users Tax Fund, created in Section 43-4-201 (1)(a), C.R.S. Thes e estimates of revenue distributions to counties and
municipalities pursuant to Sections 43-4-205, 207, and 208, C.R.S., are included for informational purposes and for the purpose of complying with the limitation on state fiscal year
spending imposed by Section 20 of Article X of the State Constitution.
d
This amount shall be from funds transferred from the Lease Purchase of Academic Facilities line item in the Colorado Commissio n on Higher Education section of the Department of
Higher Education pursuant to Section 23-19.9-102, C.R.S.
e
This amount shall be from funds transferred from the Senate Bill 20-219 Lease Purchase Payments line item in the Colorado Comm ission on Higher Education section of the Department
of Higher Education pursuant to Section 24-82-803.
f This amount shall be from interest or income earned on the inve stment of the money in the Public School Fund pursuant to Secti on 22-41-102 (3)(h)(I), C.R.S.
g
This amount shall be from various cash funds under the control of the Transportation Commission pursuant to Section 24-82-1303 (2)(d)(II), C.R.S.
h
This amount shall be from funds transferred from the Department of Personnel. Pursuant to Section 24-51-414 (5), C.R.S., this amount is included for informational purposes and for
the purpose of complying with the limitation on state fiscal year spending imposed by Section 20 of Article X of the State Cons titution and represents part of the estimated amount of
the total distribution that is attributable to the state.
i
This amount shall be from the Law Enforcement Officers' and Fire fighters' Continuation of Benefits Fund created in Section 24-3 6-122 (2)(a), C.R.S.
j P
URSUANT TO
S
ECTION
24-51-414
(5),
C.R.S.,
THIS AMOUNT IS INCLUDED IN THE GENERAL APPROPRIATION BILL FOR INFORMATIONAL PURPOSES AND FOR THE PURPOSE OF COMPLYING
WITH THE LIMITATION ON STATE FISCAL YEAR SPENDING IMPOSED BY
S
ECTION
20
OF
A
RTICLE
X
OF THE
S
TATE
C
ONSTITUTION AND REPRESENTS THE ESTIMATED AMOUNT OF THE TOTAL
DISTRIBUTION THAT IS ATTRIBUTABLE TO PUBLIC EDUCATION FROM KINDERGARTEN THROUGH THE TWELFTH GRADE
.
PAGE 5-SENATE BILL 25-110 APPROPRIATION FROM
ITEM &
SUBTOTAL
TOTAL GENERAL
FUND
GENERAL
FUND
EXEMPT
CASH
FUNDS
REAPPROPRIATED
FUNDS
FEDERAL
FUNDS
TOTALS PART XXIII
(TREASURY)$952,481,612
$466,724,057
a
$403,938,602
b
$81,818,953
c
$952,559,166 $466,738,067
a
$404,002,146
b
a
Of this amount, $293,070,323
$358,441,470 contains an (I) notation
AND
$193,070,323
IS NOT SUBJECT TO THE LIMITATION ON
G
ENERAL
F
UND APPROPRIATIONS IMPOSED BY
S
ECTION
24-75-201.1 (1)(a) (III), C.R.S.
b
Of this amount, $346,669,804 contains an (I) notation; $345,805,162 represents allocations of Highway Users Tax Fund revenues to counties and municipalities pursuant to Sections
43-4-205, 207, and 208, C.R.S.
c
This amount contains an (I) notation.
PAGE 6-SENATE BILL 25-110 SECTION 2. Safety clause. The general assembly finds,
determines, and declares that this act is necessary for the immediate
preservation of the public peace, health, or safety or for appropriations for
the support and maintenance of the departments of the state and state
institutions.
____________________________ ____________________________
James Rashad Coleman, Sr.
Julie McCluskie
PRESIDENT OF SPEAKER OF THE HOUSE
THE SENATE OF REPRESENTATIVES
____________________________ ____________________________
Esther van Mourik Vanessa Reilly
SECRETARY OF CHIEF CLERK OF THE HOUSE
THE SENATE OF REPRESENTATIVES
APPROVED________________________________________
(Date and Time)
_________________________________________
Jared S. Polis
GOVERNOR OF THE STATE OF COLORADO
PAGE 7-SENATE BILL 25-110