First Regular Session Seventy-fifth General Assembly STATE OF COLORADO INTRODUCED LLS NO. 25-0889.04 Jason Gelender x4330 SENATE BILL 25-257 Senate Committees House Committees Appropriations A BILL FOR AN ACT C ONCERNING MODIFICATION OF ANNUAL TRANSFERS FROM THE101 GENERAL FUND TO THE STATE HIGHWAY FUND .102 Bill Summary (Note: This summary applies to this bill as introduced and does not reflect any amendments that may be subsequently adopted. If this bill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov/ .) Joint Budget Committee. The bill modifies the schedule and amounts of annual transfers from the general fund to the state highway fund as follows: ! The $100 million transfer to the state highway fund scheduled for July 1, 2025, is reduced to $36 million; ! The $100 million transfer to the state highway fund SENATE SPONSORSHIP Bridges and Kirkmeyer, Amabile HOUSE SPONSORSHIP Bird and Taggart, Sirota Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment. Capital letters or bold & italic numbers indicate new material to be added to existing law. Dashes through the words or numbers indicate deletions from existing law. scheduled for July 1, 2026, is reduced to $50.5 million; ! The $82.5 million transfers to the state highway fund scheduled for each July 1 from July 1, 2029, through July 1, 2031, are increased to $100 million; ! A new $61 million transfer to the state highway fund is scheduled for July 1, 2032; and ! The $7 million transfers to the state highway fund for the purpose of providing additional funding for the revitalizing main streets program scheduled for each July 1 from July 1, 2025, through July 1, 2031, are eliminated. Be it enacted by the General Assembly of the State of Colorado:1 SECTION 1. In Colorado Revised Statutes, 24-75-219, amend2 (7)(d) and (7)(e); and repeal (7)(c)(II) as follows:3 24-75-219. Transfers - transportation - capital construction -4 definitions - repeal. (7) In addition to any other transfers required by5 this section:6 (c) On each July 1 from July 1, 2024, through July 1, 2031, the7 state treasurer shall transfer:8 (II) Seven million dollars from the general fund to the state 9 highway fund for the purpose of providing additional funding for the10 revitalizing main streets program.11 (d) (I) On each July 1 from July 1, 2024, through July 1, 202812 J ULY 1, 2025, the state treasurer shall transfer one hundred THIRTY-SIX13 million dollars from the general fund to the state highway fund; and 14 (II) On each July 1 from July 1, 2029, through July 1, 2031 JULY15 1, 2026, the state treasurer shall transfer eighty-two FIFTY million five16 hundred thousand dollars from the general fund to the state highway fund; 17 (III) O N EACH JULY 1 FROM JULY 1, 2027, THROUGH JULY 1, 2031,18 THE STATE TREASURER SHALL TRANSFER ONE HUNDRED MILLION DOLLARS19 FROM THE GENERAL FUND TO THE STATE HIGHWAY FUND ; AND20 SB25-257-2- (IV) ON JULY 1, 2032, THE STATE TREASURER SHALL TRANSFER1 SIXTY-ONE MILLION DOLLARS FROM THE GENERAL FUND TO THE STATE2 HIGHWAY FUND.3 (e) The department of transportation shall expend ten million4 dollars of each transfer from the general fund to the state highway fund5 made pursuant to subsection (7)(d)(I) SUBSECTION (7)(d)(I), (7)(d)(II), OR6 (7)(d)(III) of this section from July 1, 2024 JULY 1, 2025, through July 1,7 2028, solely to mitigate the environmental and health impacts of8 increased air pollution from motor vehicle emissions in nonattainment9 areas by funding projects that reduce vehicle miles traveled or that10 directly reduce air pollution.11 SECTION 2. Safety clause. The general assembly finds,12 determines, and declares that this act is necessary for the immediate13 preservation of the public peace, health, or safety or for appropriations for14 the support and maintenance of the departments of the state and state15 institutions.16 SB25-257 -3-