C.R.S. Section 24-75-201.1
Restriction on state appropriations

  • legislative declaration
  • definitions

(1)(a)(I) For the fiscal year 1978-79 and each fiscal year thereafter ending with the fiscal year 1990-91, state general fund appropriations shall be limited to seven percent over the previous year plus such moneys as are necessary for reappraisals of any class or classes of taxable property for property tax purposes as required by section 39-1-105.5, C.R.S. The base for the calculation of the limitation on the increase in general fund appropriations for the fiscal year 1986-87 shall be state general fund appropriations for the fiscal year 1985-86 plus the amount appropriated for tax relief and for the cost of bringing civil actions pursuant to the federal “Comprehensive Environmental Response, Compensation, and Liability Act of 1980” for the fiscal year 1985-86.

(II)

Except as otherwise provided for in subparagraphs (III) and (IV) of this paragraph (a), for the fiscal year 1991-92 and each fiscal year thereafter ending with the fiscal year 2008-09, the total state general fund appropriations shall be limited to such moneys as are necessary for reappraisals of any class or classes of taxable property for property tax purposes as required by section 39-1-105.5, C.R.S., plus the lesser of:

(A)

An amount equal to five percent of Colorado personal income; or

(B)

Six percent over the total state general fund appropriations for the previous fiscal year.

(II.5)

Except as otherwise provided in subparagraphs (III) and (IV) of this paragraph (a), for the fiscal year 2009-10 and each fiscal year thereafter, the total state general fund appropriations shall be limited to such moneys as are necessary for reappraisals of any class or classes of taxable property for property tax purposes as required by section 39-1-105.5, C.R.S., plus an amount equal to five percent of Colorado personal income.

(III)

The limitation on the level of state general fund appropriations set forth in subparagraphs (II) and (II.5) of this paragraph (a) shall not apply to:

(A)

Any state general fund appropriation which, as a result of any requirement of federal law, is made for any new program or service or for any increase in the level of service for an existing program beyond the existing level of service;

(B)

Any state general fund appropriation which, as a result of any requirement of a final state or federal court order, is made for any new program or service or for any increase in the level of service for an existing program beyond the existing level of service; or

(C)

Any state general fund appropriation of any moneys which are derived from any increase in the rate or amount of any tax or fee which is approved by a majority of the registered electors of the state voting at any general election.

(IV)

Intentionally left blank —Ed.

(A)

The limitation on the level of state general fund appropriations as set forth in subparagraphs (II) and (II.5) of this paragraph (a) may be exceeded for a given fiscal year upon the declaration of a state fiscal emergency by the general assembly. A state fiscal emergency may be declared by the passage of a joint resolution which is approved by a two-thirds majority vote of the members of both houses of the general assembly and which is approved by the governor in accordance with section 39 of article V of the state constitution.

(B)

Any funds appropriated in a given fiscal year which exceed the limitation on state general fund appropriations established by subparagraphs (II) and (II.5) of this paragraph (a) because of the declaration of a state fiscal emergency by the general assembly pursuant to sub-subparagraph (A) of this subparagraph (IV) shall not be included in the calculation of the maximum level of state general fund appropriations pursuant to sub-subparagraph (B) of subparagraph (II) of this paragraph (a) for subsequent fiscal years.

(V)

No state cash fund appropriation which either supplants any state general fund appropriation or, if not made, would necessitate a state general fund appropriation shall be made in order to circumvent the limitation on the level of state general fund appropriations set forth in subparagraphs (II) and (II.5) of this paragraph (a). The provisions of this subparagraph (V) shall not apply to any state cash fund appropriation:

(A)

Which authorizes an increase in expenditures necessary to offset an increase in costs to provide an existing program or service due to inflation or any increase in the number of recipients which does not result from any requirement of state law which either enlarges an existing class of recipients or adds a new class of recipients; or

(B)

Which is funded by user charges that do not exceed the cost of the goods or services provided, and the purchase of such goods or services by the user is voluntary.

(VI)

If the general assembly significantly restructures the method by which elementary, secondary, or postsecondary education in this state is financed, the general assembly shall examine the limitation on the level of state general fund appropriations set forth in this section and shall determine whether said limitation should be modified in light of such restructuring.

(VII)

For purposes of this paragraph (a), unless the context otherwise requires:

(A)

“Colorado personal income” means the total personal income for Colorado, as defined and officially reported by the bureau of economic analysis in the United States department of commerce, for the calendar year preceding the calendar year immediately preceding a given fiscal year.

(B)

“Increase in the level of service for an existing program” does not include any increase in expenditures necessary to offset an increase in costs to provide such service due to inflation or any increase in the number of recipients of such service unless such increase results from any requirement of federal law which either enlarges an existing class of recipients or adds a new class of recipients.

(C)

“Requirement of federal law” means any federal law, rule, regulation, executive order, guideline, standard, or other federal action which has the force and effect of law and which either requires the state to take action or does not directly require the state to take action but will, according to federal law, result in the loss of federal funds if state action is not taken to comply with such federal action.

(D)

“State cash fund appropriation” means any appropriation of moneys which are not general fund moneys and which are the result of the collection of any fee authorized by law.

(b)

For the fiscal year 1984-85, any amount of general fund revenues in excess of seven percent plus such moneys as are necessary for reappraisals of any class or classes of taxable property for property tax purposes as required by section 39-1-105.5, C.R.S., and after retention of unrestricted general fund year-end balances of one hundred million dollars, shall be placed in a special reserve fund to be utilized for tax relief, for capital construction as defined in section 24-30-1301 (2), for construction, maintenance, and repair of highways, for water projects, and for the cost of bringing civil actions pursuant to the federal “Comprehensive Environmental Response, Compensation, and Liability Act of 1980”.

(c)

Intentionally left blank —Ed.

(I)

to (IV) Repealed.

(V)

For the fiscal year 1989-90 and each fiscal year thereafter ending with the fiscal year 1990-91, fifty percent of general fund revenues in excess of general fund appropriations, after retention of the reserve as required by paragraph (d) of this subsection (1), shall be transferred to the capital construction fund as of the last day of the fiscal year. The general assembly may appropriate such funds for capital construction purposes during the regular legislative session next following the actual transfer of moneys thereto; except that, for the fiscal year 1989-90 only, the general assembly may appropriate such funds during the regular legislative session held in 1990 for the purpose of alleviating prison overcrowding for the fiscal year 1989-90 or for any future fiscal year and may appropriate such funds for any other capital construction purposes during the regular legislative session next following the actual transfer of moneys to the capital construction fund. General fund revenues in excess of general fund appropriations and the required reserve which are not transferred to the capital construction fund as specified in this subparagraph (V) shall be available for appropriation for the fiscal year in which the excess is realized or for any future fiscal year, subject to the limitation on general fund appropriations set forth in paragraph (a) of this subsection (1). For the purposes of applying this subparagraph (V) to the fiscal years 1990-91 and 1991-92, the required reserve shall be considered four percent of the amount appropriated for expenditure from the general fund, notwithstanding the actual percentage reserve requirement specified in subparagraph (IV) of paragraph (d) of this subsection (1).
(c.5)(I)(Deleted by amendment, L. 2002, p. 1005, § 1, effective August 7, 2002.)(II)(Deleted by amendment, L. 2009, (SB 09-228), ch. 410, p. 2257, § 7, effective July 1, 2009.)(d) For each fiscal year, unrestricted general fund year-end balances must be retained as a reserve in the following amounts:

(I)

For fiscal years 1985-86 and 1986-87, five percent of the amount appropriated for expenditure from the general fund for the fiscal year;

(II)

For the fiscal year 1987-88, six percent of the amount appropriated for expenditure from the general fund for that fiscal year;

(III)

For the fiscal year 1988-89 and each fiscal year thereafter ending with the fiscal year 2011-12, except for the fiscal years 1990-91, 1991-92, 1992-93, 2001-02, 2002-03, 2003-04, 2006-07, 2008-09, 2009-10, and 2010-11, as provided in subparagraphs (IV), (V), (VI), (VII), (VIII), (IX), (X), (XI), and (XI.5) of this paragraph (d), four percent of the amount appropriated for expenditure from the general fund for that fiscal year;

(IV)

For the fiscal years 1990-91 and 1991-92, three percent of the amount appropriated for expenditure from the general fund for that fiscal year. The additional amount of general fund moneys made available for appropriation by the reduction in the required reserve from four percent to three percent for the fiscal year 1990-91, as provided in this subparagraph (IV), may be appropriated only for the purpose of alleviating prison overcrowding, and any such appropriation shall not be subject to the limitation on general fund appropriations set forth in paragraph (a) of this subsection (1). The additional amount of general fund moneys made available for appropriation by the reduction in the required reserve from four percent to three percent for the fiscal year 1991-92, as provided in this subparagraph (IV), may be appropriated for any lawful purpose.

(V)

For the fiscal year 1992-93, three percent of the amount appropriated for expenditure from the general fund for that fiscal year reduced by fourteen million dollars. The additional amount of general fund moneys made available for appropriation by the reduction in the required reserve from four percent to the amount provided in this subparagraph (V) may be appropriated during the fiscal year 1992-93 for any lawful purpose.

(VI)

For the fiscal year 2001-02, no percentage of the amount appropriated for expenditure from the general fund for that fiscal year, as no reserve shall be required for said fiscal year. The additional amount of general fund moneys made available for appropriation by the elimination of the required reserve from four percent for the fiscal year 2001-02, as provided in this subparagraph (VI), may be appropriated for any lawful purpose.

(VII)

and (VIII) Repealed.

(IX)

For the fiscal year 2006-07, if the resources of the general fund are inadequate to meet the reserve required by subparagraph (III) of this paragraph (d), the state controller shall accrue a transfer from the capital construction fund to the general fund in the amount necessary to meet the reserve requirement of subparagraph (III) of this paragraph (d) up to thirty million dollars. The requirements of this subparagraph (IX) shall be applied before the requirements of section 39-26-123 (4)(a)(VI)(B), C.R.S.

(X)

For the fiscal year 2008-09:

(A)

Except as otherwise provided in sub-subparagraph (B) of this subparagraph (X), two percent of the amount appropriated for expenditure from the general fund for that fiscal year. The additional amount of general fund moneys made available for appropriation by the reduction in the required reserve from four percent to two percent may be appropriated during the fiscal year 2008-09 for any lawful purpose.

(B)

If the revenue estimate prepared for the fiscal year 2008-09 in accordance with section 24-75-201.3 (2) in June of 2009 indicates that general fund expenditures for that fiscal year based on appropriations then in effect will exceed the amount of general fund revenues available, excluding the reserve required by sub-subparagraph (A) of this subparagraph (X), upon written order, the governor may further reduce the required reserve from two percent to either a lower percentage or to a zero percentage as is necessary to cover to the greatest extent possible any appropriations then in effect made from the general fund for which general fund moneys would not otherwise be available comprising such reserve.

(XI)

For the fiscal year 2009-10, two percent of the amount appropriated for expenditure from the general fund for that fiscal year. The additional amount of general fund moneys made available for appropriation by the reduction in the required reserve from four percent to two percent may be appropriated during the fiscal year 2009-10 for any lawful purpose.

(XI.5)

For the fiscal year 2010-11, two and three-tenths percent of the amount appropriated for expenditure from the general fund for that fiscal year. The additional amount of general fund moneys made available for appropriation by the reduction in the required reserve from four percent to two and three-tenths percent may be appropriated during the fiscal year 2010-11 for any lawful purpose. Notwithstanding any provision of law to the contrary, on the date on which the state controller publishes the comprehensive annual financial report of the state for the fiscal year 2010-11, the state treasurer shall transfer the general fund surplus designated in accordance with section 24-75-201 (1) for the fiscal year 2010-11, which represents the unrestricted general fund balance after the applicable amount of reserve required pursuant to this subparagraph (XI.5), as follows:

(A)

Except as otherwise provided in sub-subparagraph (B) of this subparagraph (XI.5), the general fund surplus shall be transferred to the state education fund created in section 17 (4) of article IX of the state constitution.

(B)

An amount equal to the additional estimated revenue shall be transferred to the state public school fund created in section 22-54-114, C.R.S.; except that the transfer pursuant to this sub-subparagraph (B) shall not exceed sixty-seven million five hundred thousand dollars. For purposes of this sub-subparagraph (B), “additional estimated revenue” means the amount by which the June 2011 estimate of general fund revenue prepared by the office of state planning and budgeting for the 2010-11 fiscal year exceeds the March 2011 estimate of general fund revenue prepared by the office of state planning and budgeting for the 2010-11 fiscal year.

(XII)

For the fiscal year 2012-13, five percent of the amount appropriated for expenditure from the general fund for that fiscal year;

(XIII)

For the fiscal year 2013-14, five percent of the amount appropriated for expenditure from the general fund for that fiscal year;

(XIV)

For the fiscal year 2014-15, six and one-half percent of the amount appropriated for expenditure from the general fund for that fiscal year;

(XV)

and (XVI) Repealed.

(XVII)

For the fiscal year 2015-16, an amount equal to five and six-tenths percent of the amount appropriated for expenditure from the general fund for that fiscal year minus the total amount credited to the reserve created in section 39-29-107.8 in accordance with section 39-29-107.8 (2)(a);

(XVIII)

For the fiscal year 2016-17, six percent of the amount appropriated for expenditure from the general fund for that fiscal year;

(XVIII.5)

For the fiscal year 2017-18, six and one-half percent of the amount appropriated for expenditure from the general fund for that fiscal year;

(XIX)

For the fiscal year 2018-19, seven and twenty-five one-hundredths percent of the amount appropriated for expenditure from the general fund for that fiscal year;

(XX)

For the fiscal year 2019-20, three and seven one-hundredths percent of the amount appropriated for expenditure from the general fund for that fiscal year;

(XXI)

For the fiscal year 2020-21, two and eighty-six one-hundredths percent of the amount appropriated for expenditure from the general fund for that fiscal year;

(XXII)

For the fiscal year 2021-22, thirteen and four-tenths percent of the amount appropriated for expenditure from the general fund for that fiscal year; and

(XXIII)

For the fiscal year 2022-23 and each fiscal year thereafter, fifteen percent of the amount appropriated for expenditure from the general fund for that fiscal year.

(e)

Repealed.

(2)

The basis for the calculation of the reserve as specified in this section includes all appropriations for expenditure from the general fund for such fiscal year, except for any appropriations for:

(a)

Expenditure from the general fund due to a state fiscal emergency as provided for in subparagraph (IV) of paragraph (a) of subsection (1) of this section;

(b)

to (d) Repealed.

(e)

Expenditures from the healthy school meals for all program general fund exempt account created in section 22-82.9-210 (2).

(3)

Any reimbursement made by a county to the state for the cost incurred by the state in reappraising any class or classes of taxable property for property tax purposes for which reimbursement is required by section 39-1-105.5, C.R.S., shall be made to the state treasurer, who shall, upon receipt thereof, credit the amount of such reimbursement to the state general fund.

(4)

Repealed.

Source: Section 24-75-201.1 — Restriction on state appropriations - legislative declaration - definitions, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-24.­pdf (accessed Oct. 20, 2023).

24–75–101
Deficiency in revenue
24–75–102
When appropriations expended - balance
24–75–103
Exceptions to transfer of balances
24–75–104
Gifts and bequests to state institutions of higher education - effect
24–75–105
Transfers required to implement conditional and centralized appropriations - repeal
24–75–106
Transfers between departments of health care policy and financing and human services for materially similar items of appropriation for medicaid programs - limitation - repeal
24–75–106.5
Transfers between departments of health care policy and financing and human services for corresponding items of appropriation - limitations - repeal
24–75–107
Cash fund transfers pursuant to sections 24-75-105 and 24-75-106 - repeal
24–75–108
Intradepartmental transfers between appropriations - repeal
24–75–109
Controller may allow expenditures in excess of appropriations - limitations - appropriations for subsequent fiscal year restricted - repeal
24–75–110
Limitation on judicial department - repeal
24–75–111
Additional authority for controller to allow expenditures in excess of appropriations - limitations - appropriations for subsequent fiscal year restricted
24–75–111.5
Additional authority for controller to allow expenditures for capital construction items in certain circumstances - definition
24–75–112
Annual general appropriation act - headnote definitions - general provisions - footnotes
24–75–112.5
Appropriation clauses - general provisions - legislative declaration - definition
24–75–113
2010 bills to increase state revenue - prohibition on hiring of new state employees
24–75–114
Appropriations for utilities - roll-forward spending authority - definition
24–75–115
Use of state funds - marketing featuring elected officials - prohibition
24–75–201
General fund - general fund surplus - custodial money
24–75–201.1
Restriction on state appropriations - legislative declaration - definitions
24–75–201.2
Restriction on state spending - unrestricted general fund year-end balances
24–75–201.3
Procedures relating to revenue estimates
24–75–201.5
Revenue shortfalls - required actions by the governor with respect to the reserve
24–75–201.7
Enforcement of state spending restriction - punitive or exemplary damages - property tax relief fund - creation
24–75–202
Imprest cash accounts
24–75–203
Loans and advances
24–75–204
Reports
24–75–205
Insurance and retirement reserves
24–75–206
Legislative declaration
24–75–207
Definitions
24–75–208
Investment of treasury funds
24–75–209
Payment of general fund warrants or checks
24–75–210
Reports to governor
24–75–219
Transfers - transportation - capital construction - definitions - repeal
24–75–220
State education fund - transfers - surplus - legislative declaration
24–75–225
Care subfund - creation - administration - transfer - legislative declaration
24–75–226
“American Rescue Plan Act of 2021” cash fund - creation - recipient funds - limitations - reporting - legislative declaration - definitions - repeal
24–75–227
Revenue loss restoration cash fund - creation - allowable uses - definitions - repeal
24–75–228
Economic recovery and relief cash fund - creation - allowable uses - interim task force - report - legislative declaration - definitions - repeal
24–75–229
Affordable housing and home ownership cash fund - creation - allowable uses - task force - legislative declaration - definitions - repeal
24–75–230
Behavioral and mental health cash fund - creation - allowable uses - task force - definitions - repeal
24–75–231
Workers, employers, and workforce centers cash fund - creation - allowable uses - definitions - repeal
24–75–232
“Infrastructure Investment and Jobs Act” cash fund - creation - allowable uses - report - legislative declaration - definitions - repeal
24–75–301
Definitions
24–75–302
Capital construction fund - capital assessment fees - calculation - information technology capital account
24–75–302.5
Controlled maintenance - trust fund - legislative declaration
24–75–303
Appropriation for capital construction
24–75–304
Legislative declaration
24–75–305
Transfers from capital construction fund
24–75–307
Capitol complex master plan implementation fund - creation - transfers for fund
24–75–401
Cash funds abolished
24–75–402
Cash funds - limit on uncommitted reserves - reduction in the amount of fees - exclusions - definitions
24–75–403
Capital reserve - creation - annual appropriation - definitions
24–75–601
Definitions
24–75–601.1
Legal investments of public funds - definition
24–75–601.2
Prior investments valid
24–75–601.3
Remedial actions - investments not made in conformance with statute
24–75–601.4
Liability of officials of public entities
24–75–601.5
Liability for sale of unlawful investments to public entities
24–75–602
Bonds of housing authority as legal investments
24–75–603
Depositories
24–75–604
Investments in bonds issued by member institutions of the farm credit system
24–75–605
Legal investments - cities of twenty-five thousand or more population - limitation in class of investments
24–75–701
Definitions
24–75–702
Local governments - authority to pool surplus funds
24–75–703
Local government investment pooling - trust method - resolution - filing requirements
24–75–704
Investments - limitations
24–75–705
Board of trustees - duties - liabilities
24–75–706
Custodian - location - unlawful activities
24–75–707
Investment adviser - duties - unlawful activities
24–75–708
Administrator - duties - unlawful activities
24–75–709
Administration and enforcement
24–75–901
Short title
24–75–902
Legislative declaration
24–75–903
Definitions
24–75–904
Computations
24–75–905
Authority to issue and sell notes
24–75–906
Limitation on amount of notes
24–75–907
Form and terms of notes
24–75–908
Execution of notes
24–75–909
Manner of sale of notes
24–75–910
Investment or deposit of proceeds - income therefrom
24–75–911
No debt created
24–75–912
Notes as legal investments and eligible collateral
24–75–913
Construction with other statutes
24–75–914
State auditor - report
24–75–915
Saving clause
24–75–1001
Higher education fund
24–75–1101
Legislative declaration
24–75–1102
Definitions
24–75–1103
Policy on use of tobacco settlement funds
24–75–1104.5
Use of settlement money - programs - repeal
24–75–1107
Loss of disputed payments - authorization for transfers to tobacco litigation settlement cash fund
24–75–1301
Definitions
24–75–1302
State agencies - information obtained with grants
24–75–1303
Report to general assembly
24–75–1305
Programs or services reliant on grants - statutory reauthorization of program
24–75–1401
Indirect costs excess recovery fund - creation - departmental accounts - use of fund - definitions - repeal
Green check means up to date. Up to date

Current through Fall 2024

§ 24-75-201.1’s source at colorado​.gov