HB 18-1070

  • Colorado House Bill
  • 2018 Regular Session
  • Introduced in House Apr 09, 2018
  • Passed House Apr 09, 2018
  • Passed Senate Apr 30, 2018
  • Signed by Governor May 30, 2018

Additional Public School Capital Construction Funding

Abstract

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

Bill Sponsors (4)

Votes


Actions


May 30, 2018

Office of the Governor

Governor Signed

May 16, 2018

Office of the Governor

Sent to the Governor

Senate

Signed by the President of the Senate

May 15, 2018

House

Signed by the Speaker of the House

May 03, 2018

House

House Considered Senate Amendments - Result was to Concur - Repass

Apr 30, 2018

House

House Considered Senate Amendments - Result was to Laid Over Daily

Senate

Senate Third Reading Passed - No Amendments

Apr 27, 2018

Senate

Senate Second Reading Passed with Amendments - Committee

Apr 26, 2018

Senate

Senate Second Reading Laid Over Daily - No Amendments

Apr 24, 2018

Senate

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

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

Apr 18, 2018

Senate

Senate Committee on Education Refer Amended to Appropriations

  • Referral-Committee
Appropriations Education

Apr 09, 2018

House

House Third Reading Passed - No Amendments

Senate

Introduced In Senate - Assigned to Education

  • Introduction
Education

Apr 06, 2018

House

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

House

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

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

Mar 19, 2018

House

House Committee on Finance Refer Unamended to Appropriations

  • Referral-Committee
Appropriations Finance

Feb 21, 2018

House

House Committee on Education Refer Unamended to Finance

  • Referral-Committee
Education Finance

Jan 10, 2018

House

Introduced In House - Assigned to Education + Finance + Appropriations

  • Introduction
Education Appropriations Finance

Bill Text

Bill Text Versions Format
Committee Amendment PDF
PA1 (04/06/2018) PDF
PA2 (04/19/2018) PDF
PA3 (04/24/2018) PDF
Introduced (01/10/2018) PDF
Engrossed (04/06/2018) PDF
Reengrossed (04/09/2018) PDF
Revised (04/27/2018) PDF
Rerevised (04/30/2018) PDF
Final Act (05/16/2018) PDF
Signed Act (05/30/2018) PDF

Related Documents

Document Format
Fiscal Note SA1 (04/06/2018) PDF
Fiscal Note SA2 (04/24/2018) PDF
Fiscal Note FN1 (01/17/2018) PDF
Fiscal Note FN2 (04/02/2018) PDF
Fiscal Note FN3 (04/12/2018) PDF
Fiscal Note FN4 (04/20/2018) PDF
Fiscal Note FN5 (06/22/2018) 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.