On July 1, 2022, the act transfers: $350,394,004 from the general fund to the affordable housing and home ownership cash fund; $350,394,004 from the affordable housing and home ownership cash fund to the revenue loss restoration cash fund; $4,639,443 from the general fund to the capital construction fund; $122,225,865 from the general fund to the information technology capital account of the capital construction fund; and $500,000 from the general fund exempt account of the general fund to the capital construction fund. The state treasurer and the state controller transferred $110,000,000 from the general fund to the controlled maintenance trust fund to be appropriated in the 2022-23 state fiscal year for controlled maintenance budget requests prioritized by the office of the state architect as level one and level two priority projects. The act eliminates the requirement that the transferred money be appropriated for the 2022-23 state fiscal year. (Note: This summary applies to this bill as enacted.)
Sponsored bills
Senate Bill 21-291 transferred $40 million of "American Rescue Plan Act of 2021" (ARPA) money from the economic recovery and relief cash fund to the Colorado economic development fund and directed the office of economic development and international trade (OEDIT) to use $10 million of the money transferred to incentivize small businesses to locate in rural Colorado and for the location neutral employment incentive program. To ensure that the use of the $10 million complies with ARPA requirements, the act instead directs OEDIT to use the money to incentivize or support businesses in rural Colorado or to undertake any other economic development activity in rural Colorado that is authorized by specified current law in response to the negative economic impacts of the COVID-19 pandemic. (Note: This summary applies to this bill as enacted.)
The state treasurer is required to transfer $24,131,390 from the revenue loss restoration cash fund to the judicial department information technology cash fund on July 1, 2022. The money transferred to the judicial department information technology cash fund is subject to annual appropriation by the general assembly to the judicial department for information technology infrastructure upgrades from the 2022-23 fiscal year through the 2024-25 fiscal year. The judicial department is required to expend or encumber the money transferred to the judicial department information technology cash fund prior to December 31, 2024. (Note: This summary applies to this bill as enacted.)
Under current law, the state personnel director (director) of the department of personnel is required to annually conduct surveys and produce a report concerning compensation to determine any necessary adjustments to state employee salaries, state contributions for group benefit plans, and merit pay. The act instead requires the director to conduct surveys and produce the report every 4 years. The act also changes certain reporting deadlines of the director relating to the compensation report and removes certain substantive components of the report. The act decreases the general fund appropriation made to the department of personnel for use by the division of human resources for total compensation and employee engagement surveys related to state agency services in the annual general appropriation act for the 2022-23 state fiscal year by $300,000 and appropriates $147,429 from the general fund to the department of personnel for implementation of the act. (Note: This summary applies to this bill as enacted.)
The act directs the department of health care policy and financing (department) to do the following, with respect to nursing facility providers (nursing facilities): Issue additional supplemental payments as directed for the 2021-22 state fiscal year; Establish reporting and result tracking requirements necessary to administer additional supplemental funding; Pursue federal matching funds to reduce the state share of costs to the maximum amount possible; and Engage with stakeholders to produce a report including ways to improve methodology, practices regarding care and services to compassionate release individuals from the department of corrections, and funding for nursing facilities. The department shall submit the report to the joint budget committee and committees of the general assembly on or before November 1, 2022. The act grants the department authority to promulgate rules as necessary for implementation of the payments and their supporting requirements. The supplemental payments and their supporting requirements are repealed, effective July 1, 2023. For the 2021-22 state fiscal year, $17,000,500 is appropriated to the department of health care policy and financing for use by medical services premiums based on the assumption that the department will receive federal funds to implement the act. (Note: This summary applies to this bill as enacted.)
The act modifies the manner in which specified motor vehicle-related functions of the department of revenue (department) are funded by: Repealing annual statutory transfers from the marijuana tax cash fund to the licensing services cash fund for use by the hearings division and the division of motor vehicles in the department; Reducing the total amount appropriated to the hearing division and the division of motor vehicles that previously would have been funded with the marijuana tax cash fund transfers to the licensing services cash fund by 10%, and requiring such funding to be provided from "off the top" highways users tax fund (HUTF) appropriations rather than by licensing services cash fund appropriations through a statutory authorization for that use of "off the top" HUTF money and the following appropriations: A decrease of $713,000 in the 2022-23 long bill cash funds appropriation from the licensing services cash fund for personal services in the hearings division; A decrease of $548,000 in the 2022-23 long bill cash funds appropriation from the licensing services cash fund for Colorado driver's license, record, identification, and vehicle enterprise solution (DRIVES) maintenance and support in the division of motor vehicles; and A 2022-23 state fiscal year "off the top" HUTF appropriation of $1,261,000 to the department, which may use $713,000 of the appropriation for personal services in the hearings division and $548,000 of the appropriation for DRIVES maintenance and support in the division of motor vehicles.(Note: This summary applies to this bill as enacted.)
The act requires the state treasurer to credit any interest and income derived from the deposit and investment of federal funds that the state received from the federal coronavirus state fiscal recovery fund to the state emergency reserve cash fund, which is available for declared emergencies only as required by the taxpayer's bill of rights. (Note: This summary applies to this bill as enacted.)
In 2005, the voters approved referendum C, which authorized the state to retain state revenues up to the excess state revenues cap to be spent on specified uses (excess state revenues). The general fund exempt account (account) was created within the general fund and it includes an amount equal to the excess state revenues. There is a statutorily required allocation of the money in the account for uses that are consistent with the uses approved by the voters in referendum C. The actual amount of the excess state revenues, however, is not known until after the last day of the fiscal year. The act addresses the discrepancy between the amounts appropriated or transferred from the account and the actual amount of the excess state revenues. If the appropriations and transfers from the account are less than the actual excess state revenues, then some of the revenue in the general fund is also designated as excess state revenues. Appropriations from the general fund for medical and long-term care services for medicaid eligible individuals and the state share of districts' total program funding, or their successor line items, are designated as how the state uses this revenue. If the appropriations and transfers from the account are more than the actual excess state revenues, then a portion of the account, and a corresponding percentage of all appropriations and transfers from it, are designated as not being excess state revenues. (Note: This summary applies to this bill as enacted.)
Under current law, all sales of construction and building materials to contractors and subcontractors for use in the building, erection, alteration, or repair of structures, highways, roads, streets, and other public works are exempt from the sales and use tax levied by the state and certain local governments. Home rule cities continue to levy the tax on sales of construction and building materials within their jurisdiction. The act extends the exemption to the sales and use tax levied by home rule cities on such materials for use in connection with the building, erection, alteration, or repair of a public school. For the 2022-23 state fiscal year, the act appropriates $3,375 from the general fund to the department of revenue for use by the taxation business group. The department may use this appropriation for operating expenses related to taxation services. (Note: This summary applies to this bill as enacted.)
Under current law, when the general assembly passes a bill that causes a net increase in the period of imprisonment, the general assembly is required to appropriate money to cover the costs of that imprisonment for the next 5 years. The act suspends that requirement until July 1, 2025, and repeals all of the current statutory 5-year appropriations. (Note: This summary applies to this bill as enacted.)