Leslie Herod
- Democratic
- Representative
- District 8
Primary
When the marijuana tax cash fund (fund) was initially created, money in the fund was only available to be appropriated for fiscal years following the fiscal year in which it was received by the state. In 2020, the general assembly repealed this restriction, but in 2021, the restriction was inadvertently reinstated by legislation that made an unrelated conforming amendment. The act corrects this error, which permits the general assembly to appropriate money from the fund for the same fiscal year in which it is received. The reserve requirement for the fund is established as 15% of the amount appropriated for a fiscal year, instead of 93% of the beginning balance in the fund. This reserve excludes any money from the fund that is designated to constitute part of the state emergency reserve. The act also delays a portion of a statutory transfer from the fund to the public school capital construction assistance fund (BEST fund). A transfer of $100 million on June 1, 2022, is reduced to $50 million, and the state treasurer is required to transfer $30 million and $20 million from the fund to the BEST fund in the 2022-23 and 2023-24 state fiscal years. (Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the President of the Senate
Signed by the Speaker of the House
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed - No Amendments
Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed - No Amendments
House Committee on Appropriations Refer Unamended to House Committee of the Whole
| Bill Text Versions | Format |
|---|---|
| Signed Act (04/25/2022) | |
| Final Act (04/19/2022) | |
| Rerevised (04/07/2022) | |
| Revised (04/06/2022) | |
| Reengrossed (03/31/2022) | |
| Engrossed (03/30/2022) | |
| Introduced (03/28/2022) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note SA1 (03/28/2022) | |
| Fiscal Note SA2 (04/04/2022) | |
| Fiscal Note FN1 (03/28/2022) | |
| Fiscal Note FN2 (08/23/2022) |
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.