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Bill Detail: HB20-1416

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Title Legislative Council Staff Initiative Fiscal Summary
Status Governor Signed (07/02/2020)
Bill Subjects
  • Elections & Redistricting
House Sponsors A. Garnett (D)
P. Neville (R)
Senate Sponsors C. Holbert (R)
S. Fenberg (D)
House Committee Finance
Senate Committee Finance
Date Introduced 06/04/2020
Description

Currently, the director of research of the legislative council
(director) is required to prepare a fiscal impact statement for every
initiative that is submitted to the title board. An abstract of this
information is required to be included on a petition section that is
circulated for signatures. Section 2 of the bill modifies this process by:

  • Requiring the director to prepare a fiscal summary that will
appear on a petition section instead of an abstract;
  • Specifying that the fiscal summary must include a
qualitative description about the measure's impact on state
and local government revenues, expenditures, taxes, or
fiscal liabilities and of the economic impacts of the
measure;
  • Requiring the director to provide the fiscal summary when
a measure is submitted to the title board;
  • Requiring the director to only prepare the fiscal impact
statement, which will not include an abstract, for those
initiated measures for which the secretary of state has
approved a petition section; and
  • Requiring the fiscal impact statement to be finished 14 days
after the petition section was approved.
Section 3 allows a proponent or registered elector to challenge a
fiscal summary at a rehearing by the title board and the Colorado supreme
court in the same manner as abstracts are challenged. Section 5 requires
the secretary of state to notify the director that a petition section for an
initiative has been approved.
Sections 1, 4, and 6 include conforming amendments related to
the fiscal summary replacing the abstract.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (07/27/2020) (most recent)  
Additional Bill Documents Bill Documents
Including:
  • Past bill versions
  • Past fiscal notes
  • Committee activity and documents
  • Bill History
 
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Votes House and Senate Votes
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