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Legislative Year: 2020 Change
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Bill Detail: SB20-152

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Title Correct Senate Bill 19-263 Effective Date Error
Status Sent to the Governor (03/14/2020)
Bill Subjects
  • State Revenue & Budget
  • Transportation & Motor Vehicles
House Sponsors D. Valdez (D)
Senate Sponsors R. Zenzinger (D)
R. Woodward (R)
House Committee Transportation and Local Government
Senate Committee Transportation and Energy
Date Introduced 01/29/2020
Description

Statutory Revision Committee. Current law requires the state
treasurer to execute up to $500 million of lease-purchase agreements in
each of the 2020-21 and 2021-22 state fiscal years for the purpose of
funding transportation projects. Senate Bill 19-263 (SB 263) refers a
statewide ballot issue at the 2020 general election which would, if
approved, authorize the state to issue up to $1.837 billion of
transportation revenue anticipation notes (TRANs) for the purpose of
funding transportation projects.
When enacting SB 263, the general assembly intended that, upon
approval of the ballot issue, the TRANs authorized would replace the
lease-purchase agreements as a source of funding for transportation
projects. However, due to an error in the effective date clause of SB 263,
if the TRANs are approved, the state treasurer will still be required to
execute the lease-purchase agreements. The bill amends the Session Laws
of Colorado 2019 to correct the error and thereby ensure that approval of
the ballot issue eliminates the requirement that the state treasurer execute
the lease-purchase agreements.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (02/03/2020) (most recent)  
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  • Past fiscal notes
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