7 | 7 | | LLS NO. 25-1027.01 Rebecca Bayetti x4348 |
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8 | 8 | | SENATE BILL 25-293 |
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9 | 9 | | Senate Committees House Committees |
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10 | 10 | | Appropriations |
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11 | 11 | | A BILL FOR AN ACT |
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12 | 12 | | C |
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13 | 13 | | ONCERNING TRANSFERS OF MONEY FROM THE LICENSE PLATE CASH101 |
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14 | 14 | | 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 requires the state treasurer to |
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23 | 23 | | transfer the following amounts from the license plate cash fund (fund) on |
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24 | 24 | | June 30, 2025: |
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25 | 25 | | ! 40% of the unexpended and unencumbered balance of the |
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26 | 26 | | fund to the general fund; and |
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27 | 27 | | ! 40% of the unexpended and unencumbered balance of the |
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28 | 28 | | SENATE |
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36 | 33 | | HOUSE SPONSORSHIP |
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37 | 34 | | Bird and Sirota, Taggart |
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38 | 35 | | Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment. |
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39 | 36 | | Capital letters or bold & italic numbers indicate new material to be added to existing law. |
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40 | 37 | | Dashes through the words or numbers indicate deletions from existing law. fund to the Colorado DRIVES vehicle services account in |
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41 | 38 | | the highway users tax fund. |
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42 | 39 | | Be it enacted by the General Assembly of the State of Colorado:1 |
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43 | 40 | | SECTION 1. In Colorado Revised Statutes, 42-3-301, add (1)(c)2 |
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44 | 41 | | as follows:3 |
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45 | 42 | | 42-3-301. License plate cash fund - license plate fees - repeal.4 |
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46 | 43 | | (1) (c) (I) N |
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47 | 44 | | OTWITHSTANDING ANY PROVISION OF THIS SECTION TO THE5 |
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48 | 45 | | CONTRARY, ON JUNE 30, 2025, THE STATE TREASURER SHALL TRANSFER :6 |
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49 | 46 | | (A) F |
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50 | 47 | | ORTY PERCENT OF THE UNEXPENDED AND UNENCUMBERED7 |
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51 | 48 | | BALANCE OF THE LICENSE PLATE CASH FUND TO THE GENERAL FUND ; AND8 |
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52 | 49 | | (B) F |
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53 | 50 | | ORTY PERCENT OF THE UNEXPENDED AND UNENCUMBERED9 |
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54 | 51 | | BALANCE OF THE LICENSE PLATE CASH FUND TO THE COLORADO DRIVES10 |
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55 | 52 | | VEHICLE SERVICES ACCOUNT IN THE HIGHWAY USERS TAX FUND , CREATED11 |
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56 | 53 | | IN SECTION 42-1-211 (2).12 |
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57 | 54 | | (II) T |
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58 | 55 | | HIS SUBSECTION (1)(c) IS REPEALED, EFFECTIVE JULY 1, 2026.13 |
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59 | 56 | | SECTION 2. Safety clause. The general assembly finds,14 |
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60 | 57 | | determines, and declares that this act is necessary for the immediate15 |
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61 | 58 | | preservation of the public peace, health, or safety or for appropriations for16 |
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62 | 59 | | the support and maintenance of the departments of the state and state17 |
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63 | 60 | | institutions.18 |
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64 | 61 | | 293-2- |
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