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HB 17-1242

  • Colorado House Bill
  • 2017 Regular Session
  • Introduced in House Mar 31, 2017
  • House
  • Senate
  • Governor

New Transportation Infrastructure Funding Revenue

Abstract

Section 17 of the bill requires a ballot question to be submitted to the voters of the state at the November 2017 statewide election that seeks approval for the state to temporarily impose additional state sales and use taxes for 20 years beginning January 1, 2018, and to issue up to a specified amount of transportation revenue anticipation notes (TRANs) for the purpose of funding specified state transportation projects. If the voters approve the temporary additional sales and use taxes and the issuance of TRANs, the new sales and use tax revenue and TRANs proceeds generated are allocated, pursuant to sections 7, 14, 15, 16, and 19, solely for transportation funding purposes as follows: $375 million of the new sales and use tax revenue annually and all TRANs proceeds to the state highway fund for use by the department of transportation (CDOT) to repay the TRANs and to fund qualified federal aid transportation projects, including multimodal capital projects, that are designated for tier 1 funding as ten-year development program projects on CDOT's 2017 development program project list until all of the projects are fully funded, for tier 2 funding for such projects thereafter, and for maintenance, including rapid response maintenance, of state highways; and Of the remaining new sales and use tax revenue: 70% to counties and municipalities in equal total amounts; and 30% to a multimodal transportation options fund created in section 22. If the voters approve the ballot question: Sections 5 and 8 respectively impose additional state sales and use taxes at a rate of 0.62% and exempt the sale, storage, use, and consumption of aviation fuels from the additional taxes. Section 9 ensures that revenue generated by the new taxes that is attributable to sales of marijuana and marijuana products is used for transportation purposes by exempting such revenue from the existing requirement that state sales and use tax revenue attributable to such sales by credited to the marijuana tax cash fund. Section 17 requires the transportation commission to covenant that amounts it allocates on an annual basis to pay TRANs shall be paid: First, from $50 million of any legally available money under its control other than the new sales and use tax revenue; next, from the new sales and use tax revenue; and last, if necessary, from any other legally available money under its control any amount needed for payment of the TRANs until the TRANs are fully repaid; The new sales and use tax revenue allocations to counties and municipalities are further allocated, pursuant to sections 15 and 16, to each county and municipality in accordance with certain existing statutory formulas used to allocate highway users tax fund (HUTF) money to each county and municipality; Section 10 repeals an existing late vehicle registration fee. Section 12 requires CDOT to evaluate options for more flexible use of high-occupancy vehicle and high-occupancy toll lanes and to report to the transportation legislation review committee (TLRC) regarding the evaluation no later than August 1, 2018. Section 14 repeals the existing statutory requirement that at least 10% of the sales and use tax net revenue and other general fund revenue that may be transferred or appropriated to the HUTF and subsequently credited to the state highway fund must be expended for transit purposes or transit-related capital improvements and limits the use of new state sales and use tax revenue for toll highways; Section 22 creates a transportation options account and a pedestrian and active transportation account in the fund and requires the transportation commission to designate the percentages of fund revenue to be credited to each account subject to the limitations that for any given fiscal year no more than 75% of the revenue may be credited to the transportation options account and at least 25% of the revenue must be credited to the pedestrian and active transportation account; Section 22 also creates a multimodal transportation options committee of gubernatorial and legislative appointees representing transit agencies, transportation planning organizations, and local governments and the executive director of CDOT or the executive director's designee as a type 1 agency within CDOT for the purpose of allocating the money in the transportation options account of the fund for transportation options projects throughout the state. Under the supervision and guidance of the committee, section 11 requires the transit and rail division of CDOT to solicit, receive, and evaluate proposed transportation options projects and propose funding for interregional transportation options projects. Any transportation options project receiving funding from either account of the fund must also be funded by at least an equal total amount of local government, regional transportation authority, or transit agency funding; except that small local governments and transit agencies may provide 20% matching money. Section 22 also requires CDOT to allocate the money in the pedestrian and active transportation account of the fund for projects for transportation infrastructure that is designed for users of nonmotorized mobility-enhancing equipment and persons with disabilities who use motorized wheelchairs, scooters, or functionally similar assistive technology; Section 3 eliminates transfers of general fund revenue to the HUTF that are scheduled under current law to be made for state fiscal years 2017-18, 2018-19, and 2019-20; Section 21 reduces the state road safety surcharges imposed on motor vehicles weighing 10,000 pounds or less are reduced for the same period during which the rates of the state sales and use taxes are increased. The resulting reduction in state fee revenue is taken entirely from the share of such fee revenue that is kept by the state so that county and municipal allocations of such revenue are not reduced. Section 18 requires CDOT to annually report to the joint budget committee, legislative audit committee, house transportation and energy committee, and senate transportation committee regarding its use of TRANs proceeds and to post the reports and certain user-friendly project-specific information on its website; and Section 20 creates a transportation revenue anticipation notes citizen oversight committee is created to provide oversight of the expenditure by the department of the proceeds of additional TRANs. The committee must annually report to the TLRC regarding its activities and findings.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Bill Sponsors (4)

Crisanta Duran

  • Democratic
Primary

Kevin Grantham

  • Republican
Primary

Diane Mitsch Bush

  • Democratic
Primary

Randy Baumgardner

  • Republican
Primary

Votes


Apr 25, 2017

Actions


Apr 25, 2017

Colorado General Assembly

Senate Committee on Finance Postpone Indefinitely

Finance

Apr 11, 2017

Colorado General Assembly

Senate Committee on Transportation Refer Amended to Finance

  • Referral-Committee
Finance Transportation

Mar 31, 2017

Colorado General Assembly

Introduced In Senate - Assigned to Transportation

  • Introduction
Transportation

Colorado General Assembly

House Third Reading Passed - No Amendments

Mar 30, 2017

Colorado General Assembly

House Second Reading Special Order - Passed with Amendments - Committee, Floor

Mar 29, 2017

Colorado General Assembly

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

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

Mar 27, 2017

Colorado General Assembly

House Committee on Finance Refer Amended to Appropriations

  • Referral-Committee
Appropriations Finance

Mar 22, 2017

Colorado General Assembly

House Committee on Transportation & Energy Refer Amended to Finance

  • Referral-Committee
Finance Transportation & Energy

Mar 08, 2017

Colorado General Assembly

Introduced In House - Assigned to Transportation & Energy

  • Introduction
Transportation & Energy

Bill Text

Bill Text Versions Format
Amendment L.008 PDF
Amendment L.017 PDF
Amendment L.018 PDF
Amendment L.044 PDF
Amendment L.043 PDF
Amendment L.029 PDF
Amendment L.007 PDF
Amendment L.005 PDF
Amendment L.047 PDF
Amendment L.003 PDF
Amendment L.001 PDF
Amendment L.061 PDF
Amendment L.060 PDF
Amendment L.048 PDF
Amendment L.046 PDF
Amendment L.045 PDF
Amendment L.002 PDF
Amendment L.066 PDF
Amendment L.065 PDF
Amendment L.063 PDF
Amendment L.062 PDF
Amendment L.137 PDF
Amendment L.136 PDF
Amendment L.135 PDF
Amendment L.130 PDF
Amendment L.134 PDF
Amendment L.129 PDF
Amendment L.128 PDF
Amendment L.127 PDF
Amendment L.126 PDF
Amendment L.125 PDF
Amendment L.133 PDF
Amendment L.132 PDF
Amendment L.122 PDF
Committee Amendment PDF
PA1 (03/23/2017) PDF
PA2 (03/30/2017) PDF
PA3 (03/30/2017) PDF
PA4 (04/12/2017) PDF
Introduced (03/08/2017) PDF
Engrossed (03/30/2017) PDF
Reengrossed (03/31/2017) PDF

Related Documents

Document Format
Fiscal Note SA1 (03/29/2017) PDF
Fiscal Note FN1 (03/21/2017) PDF
Fiscal Note FN2 (03/27/2017) PDF
Fiscal Note FN3 (03/30/2017) PDF
Fiscal Note FN4 (04/07/2017) PDF
Fiscal Note FN5 (04/20/2017) PDF
Fiscal Note FN6 (05/16/2017) PDF

Sources

Data on Open States is updated nightly from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.