LEG00077

• Bill Number: HB04-1422
• Year: 2004
• Title: Concerning the provision for payment of the expenses of the executive, legislative, and judicial depts of the state of Colorado
• Legislation - Doc Type: Long Bill

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(22) (a) For purposes of complying with the provisions of
subsection (5) of section 20 of article X:in the state constitution, !lI1qin
accordance with the provisions of this subsection (22), the balance offunds
in the funds specified in paragraph (b) of this subsection (22), or such
portions thereof as is necessary to be in compliance with said constitutional
. provision, are hereby designated to constitute .the state emergency reserve
for the 2004-2005 fiscal year. The desi~ation of the balance of funds in
said funds shall be in the same order ofpnority as said funds are set forth
in paragraph (b) of this subsection (22) and shall be made in the manner
'such that all of the balance of funds in one fund, to the extent permitted in
accordance with paragraph (b) of this subsection (22), shall 'constitute all
.01' a portion of said state emergency reserye before 'any balance of funds in
any other fund lower in the order of PIlority of said funds set forth in
paragraph (b) of this subsection (22) shall jconstitute all or part of said state
;emergency reserve. to the extent that the' balance of ftulds, or any portion
'th~reof, in one or more of the funds set' forth in paragraph (b) of this
subsection (22) are not necessary to be in compliance with said
constitutional provision, said balance of funds, or portion thereof, shall not
.be designated to constitute any portion 0:( said emergency reserve.. .

'. {b) 'The funds designated to consf!tutethe state emergency reServe
fOf ,the 2004-2005 fiscal year are: . .

(.l)The major medical insurance fund,oreated in sectionS-46-202
{I) (a), Colorado Revised Statutes, up to a.maximum of $24;000,000; .

, .
". (ll) The subsequent injury fund, o~eated in section 8-46-10t(l) (b)
(I), iColoradoRevised Statutes, up toa m~um of $20,000,000; . '.
. . . I

(III) The workers' oompensatioti cash fund;' created in seotion
'8-44-112 ti) (a), Colorado Revised Statutes, up to a maximum of
$12,000,000;

P AGE8-HOUSE BILL 04-1422