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Legislative Year: 2022 Change
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Bill Detail: SB22-216

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Title Reallocation Of Limited Gaming Revenues
Status Governor Signed (06/07/2022)
Bill Subjects
  • Gaming, Lottery, Racing
  • State Revenue & Budget
House Sponsors L. Herod (D)
J. McCluskie (D)
Senate Sponsors R. Zenzinger (D)
C. Hansen (D)
House Committee Appropriations
Senate Committee Appropriations
Date Introduced 04/19/2022
Summary

Joint Budget Committee. Section 1 of the bill creates the state
historical society strategic initiatives fund, which is to be used by the state
historical society for programs and activities that strengthen the state

historical society's financial position and expand its impact on the people
of the state. Section 2 requires the state treasurer to transfer $3 million of
the state share of the limited gaming tax revenues to the state historical
society strategic initiatives fund.
Section 2 also resets the base portion of the state share of the
limited gaming tax revenues deposited in the local government limited
gaming impact fund for the fiscal year 2021-22 to clarify the amount after
a 2-year hiatus of this allocation.
Section 3 modifies the manner in which limited gaming tax
revenues are allocated between the limited gaming fund and the extended
limited gaming fund (i.e., the portion of limited gaming tax revenues
derived from increased hours of operation, expanded wagering, and
additional games of chance) in order to more equitably address recovery
in the years immediately following a significant decrease in the revenue.
Specifically, the bill:
  • Adjusts the allocation for the state fiscal year 2021-22 to
accommodate the significant unanticipated post-pandemic
increase in the limited gaming tax revenues; and
  • Establishes a mechanism to temporarily modify the
allocation in years following a significant decrease in the
limited gaming tax revenues.
Section 4 appropriates money to the department of higher
education for use by history Colorado.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (05/03/2022) (most recent)  
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