LEG00246

• Bill Number: SB05-209
• Year: 2005
• Title: Concerning the provision for payment of the expenses of the executive, legislative, and judicial departments of the state of Colorado, Long Bill 2005
• Legislation - Doc Type: Long Bill

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(22) (a) For purposes of complying with the proVlslons of
subsection (5) of section 20 of article X in the state constitution, and in
accordance with the provisions of this subsection (22), the balance of funds
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 2005-2006 fiscal year, The designation of the balance of funds in
said funds shall be in the same order of priority 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
or a portion of said state emergency reserve before any balance of funds in
any other fund lower in the order of priority of said funds set forth in
paragraph (b) of this subsection (22) shall constitute all or part of said state
emergency reserve. To the extent that the balance of funds, or any portion
thereof, 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 of said emergency reserve.

(b) The funds designated to constitute the state emergency reserve
for the 2005-2006 fiscal year are:

(1) The major medical insurance fund, created in section 8-46-202
(1) (a), Colorado Revised Statutes, up to a maximum of $20,000,000;

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(II) The subsequent injury fund, created in section 8-46-10 1 (l) (b)
(I), Colorado Re~sed Statutes, up to a maximum of $35,000,000;

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PAGE 8-SENATE BILL 05-209