11 | 11 | | A BILL FOR AN ACT |
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12 | 12 | | C |
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13 | 13 | | ONCERNING MODIFICATION OF ANNUAL TRANSFERS FROM THE101 |
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14 | 14 | | GENERAL FUND TO THE STATE HIGHWAY FUND .102 |
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15 | 15 | | Bill Summary |
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16 | 16 | | (Note: This summary applies to this bill as introduced and does |
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17 | 17 | | not reflect any amendments that may be subsequently adopted. If this bill |
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18 | 18 | | passes third reading in the house of introduction, a bill summary that |
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19 | 19 | | applies to the reengrossed version of this bill will be available at |
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20 | 20 | | http://leg.colorado.gov/ |
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21 | 21 | | .) |
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22 | 22 | | Joint Budget Committee. The bill modifies the schedule and |
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23 | 23 | | amounts of annual transfers from the general fund to the state highway |
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24 | 24 | | fund as follows: |
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25 | 25 | | ! The $100 million transfer to the state highway fund |
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26 | 26 | | scheduled for July 1, 2025, is reduced to $36 million; |
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27 | 27 | | ! The $100 million transfer to the state highway fund |
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31 | 28 | | SENATE |
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32 | 29 | | 3rd Reading Unamended |
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33 | 30 | | April 3, 2025 |
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34 | 31 | | SENATE |
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35 | 32 | | 2nd Reading Unamended |
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36 | 33 | | April 2, 2025 |
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37 | 34 | | SENATE SPONSORSHIP |
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38 | 35 | | Bridges and Kirkmeyer, Amabile |
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39 | 36 | | HOUSE SPONSORSHIP |
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40 | 37 | | Bird and Taggart, Sirota |
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41 | 38 | | Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment. |
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42 | 39 | | Capital letters or bold & italic numbers indicate new material to be added to existing law. |
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43 | 40 | | Dashes through the words or numbers indicate deletions from existing law. scheduled for July 1, 2026, is reduced to $50.5 million; |
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44 | 41 | | ! The $82.5 million transfers to the state highway fund |
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45 | 42 | | scheduled for each July 1 from July 1, 2029, through July |
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46 | 43 | | 1, 2031, are increased to $100 million; |
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47 | 44 | | ! A new $61 million transfer to the state highway fund is |
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48 | 45 | | scheduled for July 1, 2032; and |
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49 | 46 | | ! The $7 million transfers to the state highway fund for the |
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50 | 47 | | purpose of providing additional funding for the revitalizing |
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51 | 48 | | main streets program scheduled for each July 1 from July |
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52 | 49 | | 1, 2025, through July 1, 2031, are eliminated. |
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53 | 50 | | Be it enacted by the General Assembly of the State of Colorado:1 |
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54 | 51 | | SECTION 1. In Colorado Revised Statutes, 24-75-219, amend2 |
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55 | 52 | | (7)(d) and (7)(e); and repeal (7)(c)(II) as follows:3 |
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56 | 53 | | 24-75-219. Transfers - transportation - capital construction -4 |
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57 | 54 | | definitions - repeal. (7) In addition to any other transfers required by5 |
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58 | 55 | | this section:6 |
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59 | 56 | | (c) On each July 1 from July 1, 2024, through July 1, 2031, the7 |
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60 | 57 | | state treasurer shall transfer:8 |
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61 | 58 | | (II) Seven million dollars from the general fund to the state |
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62 | 59 | | 9 |
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63 | 60 | | highway fund for the purpose of providing additional funding for the10 |
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64 | 61 | | revitalizing main streets program.11 |
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65 | 62 | | (d) (I) On each July 1 from July 1, 2024, through July 1, 202812 |
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66 | 63 | | J |
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67 | 64 | | ULY 1, 2025, the state treasurer shall transfer one hundred |
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77 | | - | N EACH JULY 1 FROM JULY 1, 2027, THROUGH JULY 1, 2031,19 |
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78 | | - | THE STATE TREASURER SHALL TRANSFER ONE HUNDRED MILLION DOLLARS20 |
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79 | | - | 257-2- FROM THE GENERAL FUND TO THE STATE HIGHWAY FUND ; AND1 |
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80 | | - | (IV) O |
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81 | | - | N JULY 1, 2032, THE STATE TREASURER SHALL TRANSFER2SIXTY-FOUR MILLION EIGHT HUNDRED THOUSAND DOLLARS FROM THE3 |
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82 | | - | GENERAL FUND TO THE STATE HIGHWAY FUND .4 |
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83 | | - | (e) The department of transportation shall expend ten million5 |
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84 | | - | dollars of each transfer from the general fund to the state highway fund6 |
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85 | | - | made pursuant to subsection (7)(d)(I) SUBSECTION (7)(d)(I), (7)(d)(II), OR7 |
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86 | | - | (7)(d)(III) of this section from July 1, 2024 JULY 1, 2025, through July 1,8 |
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87 | | - | 2028, solely to mitigate the environmental and health impacts of9 |
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88 | | - | increased air pollution from motor vehicle emissions in nonattainment10 |
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89 | | - | areas by funding projects that reduce vehicle miles traveled or that11 |
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90 | | - | directly reduce air pollution.12 |
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91 | | - | SECTION 2. Safety clause. The general assembly finds,13 |
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92 | | - | determines, and declares that this act is necessary for the immediate14 |
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93 | | - | preservation of the public peace, health, or safety or for appropriations for15 |
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94 | | - | the support and maintenance of the departments of the state and state16 |
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95 | | - | institutions.17 |
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| 73 | + | N EACH JULY 1 FROM JULY 1, 2027, THROUGH JULY 1, 2031,18 |
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| 74 | + | THE STATE TREASURER SHALL TRANSFER ONE HUNDRED MILLION DOLLARS19 |
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| 75 | + | FROM THE GENERAL FUND TO THE STATE HIGHWAY FUND ; AND20 |
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| 76 | + | 257-2- (IV) ON JULY 1, 2032, THE STATE TREASURER SHALL TRANSFER1 |
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| 77 | + | SIXTY-ONE MILLION DOLLARS FROM THE GENERAL FUND TO THE STATE2 |
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| 78 | + | HIGHWAY FUND.3 |
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| 79 | + | (e) The department of transportation shall expend ten million4 |
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| 80 | + | dollars of each transfer from the general fund to the state highway fund5 |
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| 81 | + | made pursuant to subsection (7)(d)(I) SUBSECTION (7)(d)(I), (7)(d)(II), OR6 |
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| 82 | + | (7)(d)(III) of this section from July 1, 2024 JULY 1, 2025, through July 1,7 |
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| 83 | + | 2028, solely to mitigate the environmental and health impacts of8 |
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| 84 | + | increased air pollution from motor vehicle emissions in nonattainment9 |
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| 85 | + | areas by funding projects that reduce vehicle miles traveled or that10 |
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| 86 | + | directly reduce air pollution.11 |
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| 87 | + | SECTION 2. Safety clause. The general assembly finds,12 |
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| 88 | + | determines, and declares that this act is necessary for the immediate13 |
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| 89 | + | preservation of the public peace, health, or safety or for appropriations for14 |
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| 90 | + | the support and maintenance of the departments of the state and state15 |
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| 91 | + | institutions.16 |
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