SB 21-227

  • Colorado Senate Bill
  • 2021 Regular Session
  • Introduced in Senate Apr 09, 2021
  • Passed Senate Apr 09, 2021
  • Passed House Apr 15, 2021
  • Signed by Governor Apr 29, 2021

State Emergency Reserve

Abstract

Under the Taxpayer's Bill of Rights and the implementing legislation, the state is required to maintain an emergency reserve to be used for declared emergencies (state emergency reserve). The state may use the state emergency reserve for declared emergencies only.The act designates the cash and capital asset that constitute the state emergency reserve for the 2021-22 fiscal year. It also creates the state emergency reserve cash fund (fund) to be some or all of the state emergency reserve. On June 30, 2021, the state treasurer is required to transfer $101 million from the general fund and $100 million from the controlled maintenance trust fund to the fund. If money from any fund that is designated as part of the state emergency reserve is expended for a declared emergency and the state subsequently receives reimbursement for the expenditure, then the bill requires the state treasurer to deposit the reimbursement into the fund that was the source for the expenditure.(Note: This summary applies to this bill as enacted.)

Bill Sponsors (3)

Votes


Apr 15, 2021

Apr 09, 2021

Actions


Apr 29, 2021

Office of the Governor

Governor Signed

Apr 20, 2021

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

Apr 15, 2021

House

House Third Reading Passed - No Amendments

Apr 14, 2021

House

House Second Reading Special Order - Passed - No Amendments

Apr 13, 2021

House

House Committee on Appropriations Refer Unamended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
House Committee of the Whole Appropriations

Apr 09, 2021

House

Introduced In House - Assigned to Appropriations

  • Introduction
Appropriations

Senate

Senate Third Reading Passed - No Amendments

Apr 08, 2021

Senate

Senate Second Reading Passed - No Amendments

Apr 06, 2021

Senate

Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole

  • Committee-Passage
Appropriations

Apr 05, 2021

Senate

Introduced In Senate - Assigned to Appropriations

  • Introduction
Appropriations

Bill Text

Bill Text Versions Format
Signed Act (04/29/2021) PDF
Final Act (04/20/2021) PDF
Rerevised (04/15/2021) PDF
Revised (04/14/2021) PDF
Reengrossed (04/09/2021) PDF
Engrossed (04/08/2021) PDF
Introduced (04/05/2021) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (04/12/2021) PDF
Fiscal Note FN1 (04/05/2021) PDF
Fiscal Note FN2 (06/22/2021) PDF

Sources

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.