LEG00107

• Bill Number: SB03-195
• Year: 2003
• Title: Reduce General Fund Approp Maint Effort
• Legislation - Doc Type: Other CWCB Related Bills - Passed

general assembly that is equal to at least five percent of the maintenance of
effort base, UNLESS COLORADO PERSONA1-- INCOME GROWS LESS THAN FOUR
AND ONE-HALF PERCENT BETWEEN THE TM'O CALENDAR YEARS PRECEDING
THE STATE FISCAL YEAR IN WHICH AN APPROPRIATION IS MADE.

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(4) (a) T1){; j5~Il~lal assembly hGIChy finds and dcdal~s that.

(I) The Gml ent ~collolllk slo w do" n b~ing ~).pGlienced ill Colol ado
has siguifkantlj I~duccd th~ alllount of~G\(,Jlu~S th~ j5cnclal ass~n,bly has
a,aiJabk to fund stat~ s~, ,ie~s and pl0j51All1S dwinj5 th~ 2001-02 state fiscal
yuu and has ~Ittlsed th~ j5cnwd assGlltbly to modify its dccisions 1':;j5ardinj5
the objects and k.d ofsnpport f01 whieh stat~ r~,elmGS al~ to be exp.:;nded
during said stat~ fiscal y.:;at,

(1I) As a I.:;sult of this r':;,GllU~ sh.)ltfall, it is nceeSSaij to reduce tll':;
amount of gencral fund le,.:;naGS apl'lopliated fOl total pl6j5Ullll [01 the
2001-02 state fiseal y ~al to th.:; minim\:ItIT amount neG':;ssary to comply with
the maintenance of dfolt lequil':;IIlGllt set f61th in soosGGtion (1) of this
section,

(III) It is financially pIttd.:;nt to,lmtke a on.:; time iner~ase in the
amount of gcn.:;ral fund re,,:;l'tt1cs appldpliatcd rol total pl6g1am fol th.:;
2002-03 stat.:; fiscal yeal snffiGient to offset any impact that the leda.:;tioll
in th~ aiilOul1t of gcneral fulld l~venaes ItPpropliatcd fm total proj51am fO!
th.:; 2001-02 ,tlit.:; fiscal y~at Imght havG on th.:; 1011j5-term solvcn':;j of the
statG .:;da.:;atioll fund, and

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(IV) This (1)(, till1G illGleas~ ill tht atf,ount of j5en.:;,al fand r~venues
appwpriated fOI total ploj51am for th.:; 2002-03 state fis.:;a1 yeai shall not b~
"onst! t."d to bind any f<1tare g.:;n':;la1 ass"n.b1y to maintain tI,.:; saw" 01
sinrilm rat.:; of iller cas" in th~ amount of g~n~lal fund l~v~nt1~S appwpliatcd
rol total pl6gtan1 ill any fatul~ stai:(, fis~al jGa1.

(b) Por th~ 2002-03 stat.:; fiscal y':;M, thc j5.:;n~ral ass~mb1y shall
applopriate from tI1G gcncral fund [ill total progralll po:dsuant to th~
plo.isions of this altidc ail MIlOtillt .:;qual to tIl':; maint.:;nanc~ of dfoltbas~
pins ail MllOtdlt equal to s.:;.en and thi:tiy-lline onc-hdlldledths p~lcent ofth~
n',aint.:;nance of drort bas~.

(5) Por tI,e 2002-03 stilte fi&CM~ yGM, the genelM asscmb1y shall
applOptiatc [lOin thc g':;llclal fund roI totM proglatll pt1lsuant to the

PAGE 2-SENATE BILL 03-195

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