On April 4, 2012, Rep. Cheri Gerou and Sen. Mary Hodge introduced HB 12-1338 – Concerning the Transfer of General Fund Surplus Moneys to the State Education Fund at the End of Certain Fiscal Years. This summary is published here courtesy of the Colorado Bar Association’s e-Legislative Report.
Joint Budget Committee Budget Package Bill.
On the date on which the state controller publishes the comprehensive annual financial report of the state for the fiscal year 2011-12, the state treasurer is required to transfer to the state education fund $59 million from the general fund surplus for the fiscal year 2011-12.
On the date on which the state controller publishes the comprehensive annual financial report of the state for the fiscal year 2012-13, the state treasurer is required to transfer to the state education fund the entire amount of the general fund surplus for the fiscal year 2012-13. The bill passed out of the House on April 12 and is assigned to the Appropriations Committee; the bill is listed on the Appropriations calendar for Tuesday, April 17 at 7:30 a.m.
Since this summary, the bill passed a Special Order Second Reading with amendments.
Summaries of other featured bills can be found here.
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