SB 20-152

  • Colorado Senate Bill
  • 2020 Regular Session
  • Introduced in Senate Feb 11, 2020
  • Passed Senate Feb 10, 2020
  • Passed House Mar 09, 2020
  • Signed by Governor Mar 20, 2020

Correct Senate Bill 19-263 Effective Date Error

Abstract

The state treasurer is required to execute up to $500 million of lease-purchase agreements in each of the 2020-21 and 2021-22 state fiscal years for the purpose of funding transportation projects. A statewide ballot issue will be referred to the voters at the 2020 general election as required by Senate Bill 19-263 (SB 263) and will, if approved, authorize the state to issue up to $1.837 billion of transportation revenue anticipation notes (TRANs) for the purpose of funding transportation projects. When enacting SB 263, the general assembly intended that, upon approval of the ballot issue, the TRANs authorized would replace the lease-purchase agreements as a source of funding for transportation projects. However, due to an error in the effective date clause of SB 263, if the TRANs are approved, the state treasurer will still be required to execute the lease-purchase agreements. The act corrects the error and thereby ensures that approval of the ballot issue stops the issuance of the lease-purchase agreements. (Note: This summary applies to this bill as enacted.)

Bill Sponsors (3)

Votes


Feb 10, 2020

Mar 09, 2020

Actions


Mar 20, 2020

Office of the Governor

Governor Signed

Mar 14, 2020

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

Mar 09, 2020

House

House Third Reading Passed - No Amendments

Mar 06, 2020

House

House Third Reading Laid Over Daily - No Amendments

Mar 05, 2020

House

House Second Reading Special Order - Passed - No Amendments

Mar 03, 2020

House

House Committee on Transportation & Local Government Refer Unamended to House Committee of the Whole

  • Referral-Committee
  • Committee-Passage
House Committee of the Whole Transportation & Local Government Transportation Local Government

Feb 11, 2020

House

Introduced In House - Assigned to Transportation & Local Government

  • Introduction
Transportation & Local Government Transportation Local Government

Feb 10, 2020

Senate

Senate Third Reading Passed - No Amendments

Feb 07, 2020

Senate

Senate Second Reading Passed - No Amendments

Feb 04, 2020

Senate

Senate Committee on Transportation & Energy Refer Unamended - Consent Calendar to Senate Committee of the Whole

  • Committee-Passage
Transportation & Energy

Jan 29, 2020

Senate

Introduced In Senate - Assigned to Transportation & Energy

  • Introduction
Transportation & Energy

Bill Text

Bill Text Versions Format
Signed Act (03/20/2020) PDF
Final Act (03/14/2020) PDF
Rerevised (03/09/2020) PDF
Revised (03/05/2020) PDF
Reengrossed (02/10/2020) PDF
Engrossed (02/07/2020) PDF
Introduced (01/29/2020) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (02/03/2020) PDF
Fiscal Note FN2 (09/09/2020) 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.