The general assembly hereby finds and declares that: Section 20 of article X of the state constitution, which was approved by the registered electors of this state at the 1992 general election, limits fiscal year spending of the state government; It is within the legislative prerogative of the general assembly to enact legislation which will […]
As used in this article 77, unless the context otherwise requires: “Collections for another government” means any tax revenues or other revenues that are collected by the state for the benefit and use of any government other than the state pursuant to the authority of such other government and that are passed through to the […]
For fiscal year 1993-94 and each fiscal year thereafter, state fiscal year spending shall not exceed an amount equal to: State fiscal year spending for the previous fiscal year as may be adjusted pursuant to the provisions of section 24-77-103.5; as modified by An amount equal to a percentage calculated pursuant to subsection (2) of […]
The general assembly finds and declares that ascertaining compliance with the provisions of section 20 of article X of the state constitution requires that accurate calculations be made of state fiscal year spending. The general assembly further finds and declares that it is reasonable to account for any errors in calculating state fiscal year spending […]
Notwithstanding any provision of law to the contrary, for each fiscal year commencing on or after July 1, 2005, but before July 1, 2010, the state shall be authorized to retain and spend all state revenues in excess of the limitation on state fiscal year spending. Notwithstanding any provision of law to the contrary, for […]
For purposes of this section, “over-refund” means a refund of state revenues that occurs when, through one or more mechanisms utilized pursuant to law to refund state revenues in excess of the limitation on state fiscal year spending for any given fiscal year, the amount of state revenues actually refunded during any given fiscal year […]
Any amount of state revenues in excess of the limitation on state fiscal year spending for the 1996-97 fiscal year that voters statewide did not authorize the state to retain and spend and that are required to be refunded pursuant to section 20 (7)(d) of article X of the state constitution, but that are not […]
The department of revenue shall maintain a record of: Any amount of over-refund, as defined in section 24-77-103.7 (1), made in each fiscal year commencing on and after July 1, 2004; and Any amount of state revenues in excess of the limitation on state fiscal year spending for any fiscal year commencing on or after […]
The state shall establish a state emergency reserve that is held by the state for emergencies declared pursuant to subsection (3) of this section. For each state fiscal year, the state emergency reserve shall not be less than three percent of state fiscal year spending minus annual bonded debt service. The state emergency reserve consists […]
The moneys in the general fund exempt account created in section 24-77-103.6 (2) shall be appropriated or transferred in the following manner: If available, the amount set forth in subparagraph (II) of this paragraph (a) shall be used as follows: If the voters of the state approve the ballot issue set forth in House Joint […]
Emergency taxes may be imposed by the state pursuant to the requirements set forth in paragraph (a) of subsection (2) of this section without prior approval of the registered electors of the state; except that no state property tax shall be imposed as an emergency tax. Any emergency tax may be imposed by the state […]
The general assembly hereby finds and declares that: Section 20 of article X of the state constitution limits state fiscal year spending; Subject to certain exclusions specified in section 20 of article X of the state constitution, all state general fund revenues and all state cash fund revenues are included in the limitation on state […]
For each fiscal year, the controller shall prepare a financial report for the state for purposes of ascertaining compliance with the provisions of this article. Any financial report prepared pursuant to this section shall include, but shall not be limited to, state fiscal year spending, reserves, revenues, revenues that the state is authorized to retain […]
Nothing contained in this article shall be construed to apply to or impose, by implication or otherwise, any limitation, restriction, or prohibition upon or expansion of any local government fiscal policies. Source: L. 93: Entire article added, p. 1504, § 1, effective June 6.
In order to provide transparency and oversight to government mandated fees the People of the State of Colorado find and declare that: After January 1, 2021, any state enterprise qualified or created, as defined under Colo. Const. Art. X, section 20(2)(d) with projected or actual revenue from fees and surcharges of over $100,000,000 total in […]
