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Bill Detail: HB19-1257

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Title Voter Approval To Retain Revenue For Ed & Transp
Status Senate Third Reading Passed - No Amendments (04/29/2019)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors K. Becker (D)
J. McCluskie (D)
Senate Sponsors L. Court (D)
K. Priola (R)
House Committee Finance
Senate Committee Finance
Date Introduced 03/20/2019
Description

Beginning with the 2018-19 fiscal year, the bill authorizes the state

to annually retain and spend all state revenues in excess of the
constitutional limitation on state fiscal year spending that the state would
otherwise be required to refund. The bill is a referendum that will be
submitted to the voters at the statewide election held on November 5,
2019, and approval of the ballot title at the election constitutes a
voter-approved revenue change to the constitutional limitation on state
fiscal year spending.
If approved, an amount of money equal to the state revenues
retained under this measure is designated as part of the general fund
exempt account. The general assembly is required to appropriate or the
state treasurer is required to transfer this money to provide funding for:
  • Public schools;
  • Higher education; and
  • Roads, bridges, and transit.
Legislative council staff will be required to specify this retained
amount and its associated uses in an annual report that it currently
prepares related to revenue retained and spent under referendum C. In
addition, the state auditor is required to contract with a private entity to
annually conduct a financial audit regarding the use of the money that the
state retains and spends under this measure.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (04/03/2019) (most recent)  
Additional Bill Documents Bill Documents
Including:
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  • Past fiscal notes
  • Committee activity and documents
  • Bill History
 
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Votes House and Senate Votes
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