Dave Young
- Democratic
Primary
Currently, the first $40 million of retail marijuana excise tax revenue annually collected is credited to the public school capital construction assistance fund (assistance fund) for purposes of the 'Building Excellent Schools Today Act' (BEST) and the remainder of the revenue is credited to the state public school fund. For state fiscal years commencing on and after July 1, 2018, sections 1 and 4 of the bill increase the amount of retail marijuana excise tax revenue credited to the assistance fund to the greater of 90% of the revenue annually collected or the first $40 million of such revenue. The remainder of the revenue continues to be credited to the state public school fund. Section 2 increases the maximum total annual amount of lease payments on BEST lease-purchase agreements authorized to be paid with both state money and local matching money to $110 million for the 2018-19 fiscal year and $120 million for the 2019-20 fiscal year and for each fiscal year thereafter. If, for any state fiscal year, the total amount of revenue credited to the assistance fund from all sources during the prior state fiscal year is less than the total amount of all payments due during the state fiscal year on BEST lease-purchase agreements, then section 3 requires the amount of the annual appropriation to fund the state's share of total program funding for all school districts and institute charter schools to be reduced and general fund money made available by the reduction to be transferred to the assistance fund to make up for the shortfall. Section 5 appropriates $34 million from the assistance fund to the department of education for BEST lease-purchase agreement payments.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More
Governor Signed
Sent to the Governor
Signed by the President of the Senate
Signed by the Speaker of the House
House Considered Senate Amendments - Result was to Concur - Repass
House Considered Senate Amendments - Result was to Laid Over Daily
Senate Third Reading Passed - No Amendments
Senate Second Reading Passed with Amendments - Committee
Senate Second Reading Laid Over Daily - No Amendments
Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
Senate Committee on Education Refer Amended to Appropriations
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed with Amendments - Committee, Floor
House Committee on Appropriations Refer Amended to House Committee of the Whole
House Committee on Finance Refer Unamended to Appropriations
Introduced In House - Assigned to Education + Finance + Appropriations
| Bill Text Versions | Format |
|---|---|
| Committee Amendment | |
| PA1 (04/06/2018) | |
| PA2 (04/19/2018) | |
| PA3 (04/24/2018) | |
| Introduced (01/10/2018) | |
| Engrossed (04/06/2018) | |
| Reengrossed (04/09/2018) | |
| Revised (04/27/2018) | |
| Rerevised (04/30/2018) | |
| Final Act (05/16/2018) | |
| Signed Act (05/30/2018) |
| Document | Format |
|---|---|
| Fiscal Note SA1 (04/06/2018) | |
| Fiscal Note SA2 (04/24/2018) | |
| Fiscal Note FN1 (01/17/2018) | |
| Fiscal Note FN2 (04/02/2018) | |
| Fiscal Note FN3 (04/12/2018) | |
| Fiscal Note FN4 (04/20/2018) | |
| Fiscal Note FN5 (06/22/2018) |
Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.