SENATE BILL 25-140 BY SENATOR(S) Pelton R., Amabile, Catlin, Gonzales J., Hinrichsen, Jodeh, Roberts, Simpson, Winter F., Coleman; also REPRESENTATIVE(S) Johnson, Bird, Duran, Keltie, McCormick, Richardson, Smith, Soper, Titone, Winter T., McCluskie. C ONCERNING ADJUSTING DOLLAR AMOUNTS RELATED TO THE ADMINISTRATION OF IRRIGATION DISTRICTS FORMED PURSUANT TO THE IRRIGATION DISTRICT LAWS FIRST ENACTED IN 1905 TO ACCOUNT FOR INFLATION . Be it enacted by the General Assembly of the State of Colorado: SECTION 1. In Colorado Revised Statutes, 37-41-107, amend (5) as follows: 37-41-107. Office of board - elections. (5) Each judge of election shall receive as compensation the sum of up to one hundred FIFTY dollars per day, to be paid by the district. SECTION 2. In Colorado Revised Statutes, amend 37-41-108 as follows: 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. 37-41-108. Directors - secretary - salaries. Each member of the board of directors may receive compensation at the rate of up to one hundred FIFTY dollars per day while attending meetings and shall be reimbursed for his or her THEIR actual and necessary expenses while engaged in official business. No A director or officer named in this article ARTICLE 41 shall NOT be interested, directly or indirectly, in any manner, in any contract awarded or to be awarded by the board or in the profits to be derived therefrom FROM THE CONTRACT, nor shall he or she THEY receive any bonds, gratuity, or bribe. For any violation of this section, such officer commits a class 6 felony and shall be punished as provided in section 18-1.3-401. C.R.S. He or she shall also forfeit his or her THEIR office upon conviction. SECTION 3. In Colorado Revised Statutes, 37-41-113, amend (4) as follows: 37-41-113. Board of directors - duties - contracts - rules. (4) (a) No A contract involving a consideration exceeding two hundred fifty FOUR HUNDRED thousand dollars and BUT not exceeding four SIX hundred FIFTY thousand dollars shall be IS NOT binding unless such THE contract has been authorized and ratified in writing by not less than one-third of the legal electors of said THE district according to the number of votes cast at the last district election. nor shall any (b) A contract in excess of four SIX hundred FIFTY thousand dollars be IS NOT binding until such THE contract has been authorized and ratified at an election in the manner provided for the issue of bonds. SECTION 4. In Colorado Revised Statutes, add 37-41-161 as follows: 37-41-161. Dollar amounts adjusted for inflation - definition. (1) E VERY FIVE YEARS, BEGINNING ON JULY 1, 2029, THE DOLLAR AMOUNTS SET FORTH IN SECTIONS 37-41-107 (5), 37-41-108, AND 37-41-113 (4) INCREASE BY THE RATE OF INFLATION, ROUNDED TO THE NEAREST DOLLAR . (2) A S USED IN THIS SECTION, UNLESS THE CONTEXT OTHERWISE REQUIRES , "INFLATION" MEANS THE ANNUAL PERCENTAGE CHANGE IN THE UNITED STATES DEPARTMENT OF LABOR 'S BUREAU OF LABOR STATISTICS CONSUMER PRICE INDEX , OR A SUCCESSOR INDEX , FOR PAGE 2-SENATE BILL 25-140 DENVER-AURORA-LAKEWOOD FOR ALL ITEMS PAID FOR BY URBAN CONSUMERS . SECTION 5. Act subject to petition - effective date - applicability. (1) This act takes effect at 12:01 a.m. on the day following the expiration of the ninety-day period after final adjournment of the general assembly; except that, if a referendum petition is filed pursuant to section 1 (3) of article V of the state constitution against this act or an item, section, or part of this act within such period, then the act, item, section, or part will not take effect unless approved by the people at the general election to be held in November 2026 and, in such case, will take effect on the date of the official declaration of the vote thereon by the governor. PAGE 3-SENATE BILL 25-140 (2) This act applies to events and circumstances occurring on or after the applicable effective date of this act. ____________________________ ____________________________ 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 4-SENATE BILL 25-140