Paid family and medical leave - study - task force created - appropriation. The act creates a study of the implementation of a paid family and medical leave program in the state by: Requiring the department of labor and employment to contract with experts in the field of paid family and medical leave to report on the establishment of a paid family and medical leave program for employees in the state; Requiring the department to request information from third parties that may be willing to administer all or part of a paid family and medical leave program; Creating the family and medical leave implementation task force, which is responsible for recommending a plan to implement a paid family and medical leave program for the state; and Requiring an actuarial study of the final plan recommended by the task force. To implement the act, $165,487 is appropriated to the department of labor and employment and $17,004 is appropriated to the department of public health and environment. Both appropriations are from the general fund. (Note: This summary applies to this bill as enacted.) Read More
Sponsored bills
Licensed marijuana ownership - allow publicly traded corporations - controlling beneficial owners, indirect financial interest holders, and passive beneficial owners - rule-making authority - suitability finding - notification, disclosure, notice requirements - appropriation. The act repeals the provision that prohibits publicly traded corporations from holding a marijuana license. The act creates new ownership concepts of controlling beneficial owners, indirect financial interest holders, and passive beneficial owners. The act repeals the concept of direct beneficial owner and the associated requirements. The act gives the state licensing authority rule-making authority related to the parameters of, qualifications of, disclosure of, requirements for, and suitability for the new ownership concepts. A "controlling beneficial owner" is limited to a person that satisfies one or more of the following criteria: A natural person, an entity as defined in section 7-90-102 (20) that is organized under the laws of and for which its principal place of business is located in one of the states or District of Columbia, a publicly traded corporation, or a qualified private fund that is not a qualified institutional investor: Acting alone or acting in concert, that owns or acquires beneficial ownership of ten percent or more of the owner's interest of a medical marijuana business; That is an affiliate that controls a medical marijuana business and includes, without limitation, any manager; or That is otherwise in a position to control the medical marijuana business except as authorized in section 44-11-407; or A qualified institutional investor acting alone or acting in concert that owns or acquires beneficial ownership of more than 30 percent of the owner's interest of a medical marijuana business. "Indirect financial interest holder" is a person that is not an affiliate, a controlling beneficial owner, or a passive beneficial owner of a medical marijuana business and that: Holds a commercially reasonable royalty interest in exchange for a medical marijuana business's use of the person's intellectual property; Holds a permitted economic interest that was issued prior to January 1, 2020, and that has not been converted into an ownership interest; Is a contract counterparty with a medical marijuana business, other than a customary employment agreement, that has a direct nexus to the cultivation, manufacture, or sale of medical marijuana, including, but not limited to, a lease of real property on which the medical marijuana business operates, a lease of equipment used in the cultivation of medical marijuana, a secured or unsecured financing agreement with the medical marijuana business, a security contract with the medical marijuana business, or a management agreement with the medical marijuana business, provided that no such contract compensates the contract counterparty with a percentage of revenue for profits of the medical marijuana business; or Is identified by rule by the state licensing authority as an indirect financial interest holder. "Passive beneficial owner" means any person acquiring any interest in a medical marijuana business that is not otherwise a controlling beneficial owner or in control. The act requires a person intending to apply to become a controlling beneficial owner or passive beneficial owner to receive a finding of suitability or an exemption from the state licensing authority prior to submitting a marijuana business application. The act also requires a marijuana business or controlling beneficial owner that is a publicly traded corporation to comply with various notification, disclosure, notice, and suitability requirements. The act limits the types of publicly traded corporations that can be marijuana businesses or controlling beneficial owners. For the 2019-20 state fiscal year, $2,783,561 was appropriated from the marijuana cash fund to the department of revenue. (Note: This summary applies to this bill as enacted.) Read More
Submission of statewide ballot issue for approval of transportation revenue anticipation notes - delay from 2019 to 2020. Before the enactment of the act, state law, enacted by Senate Bill 18-001, required that a ballot issue seeking approval for the issuance of transportation revenue anticipation notes (TRANs) be submitted to the voters of the state at the November 2019 statewide election. Upon approval of the ballot issue, the requirement, enacted by Senate Bill 17-267, that the state execute 3 separate tranches of up to $500 million each of lease-purchase agreements in state fiscal years 2019-20, 2020-21, and 2021-22 for the purpose of funding transportation would have been repealed. The act: Delays the requirement that the ballot issue be submitted for one year by requiring it to be submitted at the November 2020 general election rather than the November 2019 statewide election; Amends the ballot issue to reduce the amount of TRANs authorized to be issued by $500 million to offset the additional $500 million of lease-purchase agreement transportation funding that becomes available because the approval of the ballot issue at the November 2020 general election will repeal only the 2 state fiscal year 2020-21 and 2021-22 tranches of lease-purchase agreements, rather than the 3 state fiscal year 2019-20, 2020-21, and 2021-22 tranches of lease-purchase agreements; and Extends from 20 to 21 years the period for which, as enacted in Senate Bill 18-001, annual $50 million transfers from the general fund to the state highway fund are required.(Note: This summary applies to this bill as enacted.) Read More
Certificates of title - vehicle identification number - certified inspection - fee. The act raises the fee for performing a certified vehicle identification number inspection from $20 to $50 and provides for the fee to be adjusted annually to account for inflation. A peace officer's certification to perform these inspections expires 3 years after issuance unless renewed.(Note: This summary applies to this bill as enacted.) Read More
Medical marijuana - primary caregivers - juvenile patient - appropriation. Under current law, a medical marijuana patient is limited to having one primary caregiver at a time. The act makes an exception for a patient who is under 18 years of age and allows each parent or guardian to serve as a primary caregiver. The act also clarifies that if the patient is under the jurisdiction of the juvenile court, the judge presiding over the case may determine who is the juvenile's primary caregiver. The act appropriates $95,831 to the department of public health and environment for the medical marijuana registry from the medical marijuana program cash fund. (Note: This summary applies to this bill as enacted.) Read More
Legal investment of public funds - definitions. The act defines a nationally recognized statistical rating organization as a credit rating agency that is registered with the U.S. securities and exchange commission's office of credit ratings and defines a negotiable certificate of deposit as an unsecured noncollateralized obligation of a bank to pay the holder of a negotiable certificate of deposit specified principal, plus interest, upon a particular maturity. The act also modifies statutes governing the legal investments of public funds as follows: Modifies and standardizes the credit rating requirements for securities invested in by public entities; Requires money market funds invested in by public funds to have an investment policy or objective that seeks to maintain a stable net asset value of one dollar per share; Requires rating requirements to first apply to the security being purchased by a public entity and, if there is no such rating, to then apply to the issuer; Clarifies that negotiable certificates of deposit are a legal investment and not deposits subject to the limitation of the "Public Deposit Protection Act"; Includes the secured overnight financing rate, the federal funds rate, or other reference rates that are similar to the United States dollar London interbank offer rate, the secured overnight financing rate, and the federal funds rate as permissible reference rates; and Allows public entities to invest in local government investment pools.(Note: This summary applies to this bill as enacted.) Read More
Wage garnishment - disposable earnings - hardship exemption - notice - applicability. Under current law, the amount of an individual's disposable earnings subject to garnishment is either 25% of the individual's disposable weekly earnings or the amount by which an individual's disposable earnings for a week exceed 30 times the state or federal minimum wage, whichever is less. The act changes the amount subject to garnishment to 20% of the individual's disposable weekly earnings 40 times the amount by which an individual's disposable earnings for a week exceed the state or federal minimum wage. Currently, the cost of court-ordered health insurance for a child provided by an individual is deducted from the individual's disposable earnings subject to garnishment. The act also deducts from an individual's disposable earnings subject to garnishment the cost of any health insurance that is provided by the individual's employer and voluntarily withheld from the individual's earnings. The act creates an exemption that would permit individuals to prove that the amount of their pay subject to garnishment should be further reduced or eliminated altogether if the individual can establish that such reductions are necessary to support the individual or the individual's family. The act also requires clearer and more timely notice to an individual whose wages are being garnished and gives the individual more time after receiving the notice before garnishment starts. The act applies to all writs of garnishment issued on or after October 1, 2020, regardless of the date of the judgment that is basis of the writ of garnishment. (Note: This summary applies to this bill as enacted.) Read More
Certification of factory-built structures - insignias of approval. The act amends the state director of housing's authority to obtain injunctive relief to be consistent with the removal of the requirement that factory-built structures that are only substantially altered or repaired bear an insignia of approval issued by the division of housing. The act removes the requirement that factory-built structures that are manufactured or sold for transportation to and installation in another state bear an insignia of approval issued by the division of housing and the requirement that factory-built structures that are only substantially altered or repaired in Colorado bear an insignia of approval issued by the division of housing. (Note: This summary applies to this bill as enacted.) Read More
If approved by the voters of the state at the November 2020 general election, the concurrent resolution will amend the state constitution to require the general assembly to enact a law that will: Effective July 1, 2021, repeal existing state excise taxes on gasoline and other liquid motor fuel, including diesel, compressed natural gas, liquefied natural gas, and liquefied petroleum gas (motor fuel taxes); except that the law shall not repeal the existing state excise tax on aviation fuel used for aviation purposes; On and after July 1, 2021, levy an additional state sales and use tax (additional sales tax) at a rate calculated to generate the amount of net revenue needed to offset 99% of the state revenue loss resulting from the repeal of the motor fuel taxes for state fiscal year 2021-22; and Require the net revenue generated by the additional sales tax to be credited to the highway users tax fund (HUTF), initially allocated to the state, counties, and municipalities in a manner that preserves existing HUTF allocations as nearly as possible, and used exclusively for the construction, maintenance, and supervision of the surface transportation system of the state. The concurrent resolution specifies that for purposes of the Taxpayer's Bill of Rights, its approval by the voters of the state constitutes voter approval in advance for the state to levy the additional sales tax and to retain and spend all revenue generated by the additional state sales and use tax during a state fiscal year that exceeds the amount of revenue generated during the 2020-21 state fiscal year by the repealed gasoline and special fuel taxes as a voter-approved revenue change. (Note: This summary applies to this concurrent resolution as introduced.) Read More
Income tax - retrofits to an individual's residence for increased visitability - tax credit available for qualified individual's dependent. The act clarifies that the income tax credit for retrofitting a residence for increased visitability is available for changes made to a residence that benefit a qualified individual's dependent.(Note: This summary applies to this bill as enacted.) Read More