5 | | - | ONCERNING A REDUCTION IN THE TRANSFER FROM THE LIMITED GAMING |
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6 | | - | FUND TO THE ADVANCED INDUSTRIES ACCELERATION CASH F UND FOR |
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7 | | - | STATE FISCAL YEAR |
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8 | | - | 2025-26. |
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9 | | - | |
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10 | | - | Be it enacted by the General Assembly of the State of Colorado: |
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11 | | - | SECTION 1. In Colorado Revised Statutes, 44-30-701, amend |
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12 | | - | (2)(a)(II); and add (2)(d) as follows: |
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13 | | - | 44-30-701. Limited gaming fund - created - repeal. (2) (a) Except |
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14 | | - | as provided in subsection (2)(b) of this section, at the end of the 2012-13 |
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15 | | - | state fiscal year and at the end of each state fiscal year thereafter, the state |
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16 | | - | treasurer shall transfer the state share as follows: |
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17 | | - | (II) For the 2014-15 state fiscal year and each state fiscal year |
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| 13 | + | ONCERNING A REDUCTION IN THE TRANSFER FROM THE LIMITED101 |
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| 14 | + | GAMING FUND TO THE ADVANCED INDUSTRIES ACCELERATION102 |
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| 15 | + | CASH FUND FOR STATE FISCAL YEAR 2025-26.103 |
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| 16 | + | Bill Summary |
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| 17 | + | (Note: This summary applies to this bill as introduced and does |
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| 18 | + | not reflect any amendments that may be subsequently adopted. If this bill |
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| 19 | + | passes third reading in the house of introduction, a bill summary that |
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| 20 | + | applies to the reengrossed version of this bill will be available at |
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| 21 | + | http://leg.colorado.gov/ |
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| 22 | + | .) |
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| 23 | + | Joint Budget Committee. The bill reduces the transfer from the |
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| 24 | + | limited gaming fund to the advanced industries acceleration cash fund for |
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| 25 | + | state fiscal year 2025-26 from $5,500,000 to $1,840,000. |
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| 26 | + | HOUSE |
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| 27 | + | 2nd Reading Unamended |
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| 28 | + | April 9, 2025 |
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| 29 | + | SENATE |
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| 30 | + | 3rd Reading Unamended |
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| 31 | + | April 3, 2025 |
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| 32 | + | SENATE |
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| 33 | + | 2nd Reading Unamended |
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| 34 | + | April 2, 2025 |
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| 35 | + | SENATE SPONSORSHIP |
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| 36 | + | Amabile and Kirkmeyer, Bridges |
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| 37 | + | HOUSE SPONSORSHIP |
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| 38 | + | Bird and Taggart, Sirota |
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| 39 | + | Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment. |
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| 40 | + | Capital letters or bold & italic numbers indicate new material to be added to existing law. |
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| 41 | + | Dashes through the words or numbers indicate deletions from existing law. Be it enacted by the General Assembly of the State of Colorado:1 |
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| 42 | + | SECTION 1. In Colorado Revised Statutes, 44-30-701, amend2 |
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| 43 | + | (2)(a)(II); and add (2)(d) as follows:3 |
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| 44 | + | 44-30-701. Limited gaming fund - created - repeal.4 |
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| 45 | + | (2) (a) Except as provided in subsection (2)(b) of this section, at the end5 |
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| 46 | + | of the 2012-13 state fiscal year and at the end of each state fiscal year6 |
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| 47 | + | thereafter, the state treasurer shall transfer the state share as follows:7 |
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| 48 | + | (II) For the 2014-15 state fiscal year and each state fiscal year8 |
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19 | | - | EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (2)(d) OF THIS |
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20 | | - | SECTION FOR THE |
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21 | | - | 2025-26 STATE FISCAL YEAR, five million five hundred |
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22 | | - | thousand dollars to the advanced industries acceleration cash fund created |
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23 | | - | in section 24-48.5-117; |
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24 | | - | NOTE: This bill has been prepared for the signatures of the appropriate legislative |
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25 | | - | officers and the Governor. To determine whether the Governor has signed the bill |
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26 | | - | or taken other action on it, please consult the legislative status sheet, the legislative |
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27 | | - | history, or the Session Laws. |
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28 | | - | ________ |
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29 | | - | Capital letters or bold & italic numbers indicate new material added to existing law; dashes |
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30 | | - | through words or numbers indicate deletions from existing law and such material is not part of |
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31 | | - | the act. (d) (I) FOR THE 2025-26 STATE FISCAL YEAR, THE STATE TREASURER |
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32 | | - | SHALL TRANSFER ONE MILLION EIGHT HUNDRED FORTY THOUSAND DOLLARS |
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33 | | - | TO THE ADVANCED INDUSTRIES ACCELERATION CASH FUND CREATED IN |
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34 | | - | SECTION |
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35 | | - | 24-48.5-117. |
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| 50 | + | EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (2)(d) OF THIS9 |
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| 51 | + | SECTION FOR THE 2025-26 STATE FISCAL YEAR, five million five hundred10 |
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| 52 | + | thousand dollars to the advanced industries acceleration cash fund created11 |
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| 53 | + | in section 24-48.5-117;12 |
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| 54 | + | (d) (I) F |
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| 55 | + | OR THE 2025-26 STATE FISCAL YEAR, THE STATE13 |
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| 56 | + | TREASURER SHALL TRANSFER ONE MILLION EIGHT HUNDRED FORTY14 |
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| 57 | + | THOUSAND DOLLARS TO THE ADVANCED INDUSTRIES ACCELERATION CASH15 |
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| 58 | + | FUND CREATED IN SECTION 24-48.5-117.16 |
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37 | | - | HIS SUBSECTION (2)(d) IS REPEALED, EFFECTIVE JULY 1, 2027. |
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38 | | - | SECTION 2. Act subject to petition - effective date. This act |
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39 | | - | takes effect at 12:01 a.m. on the day following the expiration of the |
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40 | | - | ninety-day period after final adjournment of the general assembly; except |
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41 | | - | that, if a referendum petition is filed pursuant to section 1 (3) of article V |
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42 | | - | of the state constitution against this act or an item, section, or part of this act |
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43 | | - | within such period, then the act, item, section, or part will not take effect |
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44 | | - | unless approved by the people at the general election to be held in |
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45 | | - | PAGE 2-SENATE BILL 25-225 November 2026 and, in such case, will take effect on the date of the official |
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46 | | - | declaration of the vote thereon by the governor. |
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47 | | - | ____________________________ ____________________________ |
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48 | | - | James Rashad Coleman, Sr. |
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49 | | - | Julie McCluskie |
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50 | | - | PRESIDENT OF SPEAKER OF THE HOUSE |
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51 | | - | THE SENATE OF REPRESENTATIVES |
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52 | | - | ____________________________ ____________________________ |
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53 | | - | Esther van Mourik Vanessa Reilly |
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54 | | - | SECRETARY OF CHIEF CLERK OF THE HOUSE |
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55 | | - | THE SENATE OF REPRESENTATIVES |
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56 | | - | APPROVED________________________________________ |
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57 | | - | (Date and Time) |
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58 | | - | _________________________________________ |
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59 | | - | Jared S. Polis |
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60 | | - | GOVERNOR OF THE STATE OF COLORADO |
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61 | | - | PAGE 3-SENATE BILL 25-225 |
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| 60 | + | HIS SUBSECTION (2)(d) IS REPEALED, EFFECTIVE JULY 1, 2027. 17 |
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| 61 | + | SECTION 2. Act subject to petition - effective date. This act18 |
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| 62 | + | takes effect at 12:01 a.m. on the day following the expiration of the19 |
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| 63 | + | ninety-day period after final adjournment of the general assembly; except20 |
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| 64 | + | that, if a referendum petition is filed pursuant to section 1 (3) of article V21 |
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| 65 | + | of the state constitution against this act or an item, section, or part of this22 |
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| 66 | + | act within such period, then the act, item, section, or part will not take23 |
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| 67 | + | effect unless approved by the people at the general election to be held in24 |
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| 68 | + | November 2026 and, in such case, will take effect on the date of the25 |
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| 69 | + | official declaration of the vote thereon by the governor.26 |
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| 70 | + | 225 |
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| 71 | + | -2- |
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