(1) As used in this section, unless the context otherwise requires:
(a) Capital construction fund means the capital construction fund created in section 24-75-302.
(b) Repealed.
(c) Funds means the highway users tax fund and the capital construction fund.
(d) Highway users tax fund means the highway users tax fund created in section 43-4-201, C.R.S.
(e) and (f) Repealed.
(g) Multimodal transportation and mitigation options fund means the multimodal transportation and mitigation options fund created in section 43-4-1103 (1).
(g.5) Revitalizing main streets program means the department of transportation's grant program to support communities across the state as they build and improve multimodal infrastructure in a way that safely connects Coloradans to the community-focused downtowns where they live, work, dine, and shop.
(h) State highway fund means the state highway fund created in section 43-1-219.
(2) to (5) Repealed.
(6) On March 19, 2021, the state treasurer shall transfer thirty million dollars from the general fund to the state highway fund for the purpose of providing additional funding for the revitalizing main streets and safer main streets programs of the department of transportation.
(7) In addition to any other transfers required by this section:
(a) On June 30, 2021, from the money that the state received from either the federal coronavirus state fiscal recovery fund under section 9901 of title IX, subtitle M of the federal American Rescue Plan Act of 2021, Pub.L. 117-2, which is eligible to be used as specified in section 602 (c)(I)(C) of said section 9901, or from the general fund, as specified, the state treasurer shall transfer:
(I) One hundred eighty-two million one hundred sixty thousand dollars from money the state received from the federal coronavirus state fiscal recovery fund to the state highway fund. Of this amount, twenty-two million one hundred sixty thousand dollars is for the purpose of providing additional funding for the revitalizing main streets program and five hundred thousand dollars is for the purpose of acquiring, planning the development of, or developing the Burnham Yard rail property in Denver. Any money that is transferred from the ARPA refinance state money cash fund to the state highway fund pursuant to section 24-75-226.5 to refinance money that was transferred to the state highway fund pursuant to this subsection (7)(a)(I) must be spent for the same purposes as the refinanced money, as set forth in this subsection (7)(a)(I).
(II) One hundred sixty-one million three hundred forty thousand dollars from money the state received from the federal coronavirus state fiscal recovery fund to the multimodal transportation and mitigation options fund; and
(III) Thirty-six million five hundred thousand dollars from the general fund to the highway users tax fund.
(b) On July 1, 2021, the state treasurer shall transfer one hundred seventy million dollars from the general fund to the state highway fund.
(b.5) On July 1, 2022, the state treasurer shall transfer:
(I) Forty-seven million one hundred thousand dollars from the general fund to the state highway fund; and
(II) Thirty-one million four hundred thousand dollars from the general fund to the highway users tax fund.
(c) On each July 1 from July 1, 2024, through July 1, 2031, the state treasurer shall transfer:
(I) Ten million five hundred thousand dollars from the general fund to the multimodal transportation and mitigation options fund; and
(II) Repealed.
(d) (I) On July 1, 2025, the state treasurer shall transfer thirty-two million two hundred thousand dollars from the general fund to the state highway fund;
(II) On July 1, 2026, the state treasurer shall transfer fifty million five hundred thousand dollars from the general fund to the state highway fund;
(III) On each July 1 from July 1, 2027, through July 1, 2031, the state treasurer shall transfer one hundred million dollars from the general fund to the state highway fund; and
(IV) On July 1, 2032, the state treasurer shall transfer sixty-four million eight hundred thousand dollars from the general fund to the state highway fund.
(e) The department of transportation shall expend ten million dollars of each transfer from the general fund to the state highway fund made pursuant to subsection (7)(d)(I), (7)(d)(II), or (7)(d)(III) of this section from July 1, 2025, through July 1, 2028, solely to mitigate the environmental and health impacts of increased air pollution from motor vehicle emissions in nonattainment areas by funding projects that reduce vehicle miles traveled or that directly reduce air pollution.
(f) (I) On June 30, 2022, the state treasurer shall transfer from the general fund an amount equal to the lesser of fifty percent of the amount by which revenue for the 2020-21 state fiscal year that is subject to the excess state revenues cap, as defined in section 24-77-103.6 (6)(b), and does not exceed the cap exceeded what the cap would have been if the cap had been calculated in accordance with law in effect immediately prior to the enactment of Senate Bill 21-260, enacted in 2021, or one hundred fifteen million dollars as follows:
(A) Ninety-four percent of the amount to the multimodal transportation and mitigation options fund; and
(B) Six percent of the amount to the state highway fund for the purpose of providing additional funding for the revitalizing main streets program.
(II) On June 30, 2023, and on June 30 of each succeeding state fiscal year through June 30, 2026, the state treasurer shall transfer from the general fund an amount equal to the lesser of fifty percent of the amount by which revenue for the prior state fiscal year that is subject to the excess state revenues cap, as defined in section 24-77-103.6 (6)(b), and does not exceed the cap for the prior state fiscal year is estimated to exceed what the cap would have been if the cap had been calculated in accordance with law in effect immediately prior to the enactment of Senate Bill 21-260, enacted in 2021, or one hundred fifteen million dollars less the cumulative amount of all transfers previously made pursuant to this subsection (7)(f) as follows:
(A) Ninety-four percent of the amount to the multimodal transportation and mitigation options fund; and
(B) Six percent of the amount to the state highway fund for the purpose of providing additional funding for the revitalizing main streets program.
(g) to (j) Repealed.
(k) On June 30, 2025, the state treasurer shall transfer from the state highway fund to the general fund ten million nine hundred seventy-three thousand five hundred eighty-two dollars and twenty-five cents that did not originate from the money the state received from the federal coronavirus state fiscal recovery fund.
(8) On July 1, 2022, the state treasurer transferred six million five hundred thousand dollars from the general fund to the state highway fund pursuant to subsection (7)(h) of this section, as it existed prior to its repeal on July 1, 2023, which required that the department use such amount for an environmental study on relocating the consolidated main rail line away from interstate highway 25 in connection with the development of the Burnham Yard rail property. Beginning on May 16, 2024, the department shall instead use such amount that was transferred to the state highway fund for the purpose of site preparation, site enhancements, planning, and facilitating a track alignment that preserves buildable land while promoting transit and rail capacity and increasing safety in connection with the development of the Burnham Yard rail property, as the department has determined that supporting the regional transportation district's right-of-way expansion, rather than relocating the main rail line, is the most important transit need on the site.
Source: L. 2009: Entire section added, (SB 09-228), ch. 410, p. 2261, � 13, effective July 1. L. 2012: (1)(e) and (1)(f) added and (2)(e) amended, (SB 12-168), ch. 206, p. 818, � 2, effective May 24. L. 2016: (1)(b), (1)(e), (1)(f), (2)(e), and (3)(a) repealed and (2)(a), (2)(b), IP(2)(c), (2)(d), IP(3)(b), and IP(4)(a) amended, (HB 16-1416), ch. 88, p. 246, � 1, effective April 14. L. 2017: (2)(b)(I) and (2)(c) amended, (2)(c.3) and (2)(c.7) added, and (3) and (4) repealed, (SB 17-262), ch. 165, p. 608, � 1, effective April 28; (2)(c.3)(I) and (2)(c.7)(I) repealed, (SB 17-267), ch. 267, p. 1441, � 10, effective May 30. L. 2018: (1)(g), (1)(h), and (5) added, (SB 18-001), ch. 353, p. 2093, � 2, effective May 31. L. 2019: IP(5)(c), (5)(c)(III), (5)(c)(IV), (5)(d)(II), and (5)(d)(III) amended, (SB 19-263), ch. 334, p. 3082, � 1, effective May 29; (5)(b.5) added, (SB 19-262), ch. 431, p. 3740, � 1, effective June 3. L. 2020: IP(5)(c), (5)(c)(III)(A), (5)(c)(III)(C), (5)(c)(III)(D), (5)(c)(IV)(A), (5)(c)(IV)(C), (5)(c)(IV)(D), (5)(d)(II)(B), and (5)(d)(III) amended, (HB 20-1376), ch. 207, p. 1013, � 1, effective June 30. L. 2021: (6) added, (SB 21-110), ch. 11, p. 65, � 1, effective March 19; (1)(g) amended, (1)(g.5) and (7) added, and (2) and (5) repealed, (SB 21-260), ch. 250, p. 1379, � 7, effective June 17; (8) added, (SB 21-265), ch. 254, p. 1492, � 1, effective June 18. L. 2022: (7)(b.5) added, (HB 22-1351), ch. 159, p. 1004, � 2, effective May 16; (7)(a) amended, (HB 22-1411), ch. 271, p. 1958, � 8, effective May 27; (7)(g) and (7)(h) added, (SB 22-176), ch. 387, p. 2756, � 3, effective June 7. L. 2023: (7)(i) added, (SB 23-283), ch. 240, p. 1292, � 2, effective May 22; (7)(j) added, (SB 23-199), ch. 353, p. 2122, � 5, effective August 7. L. 2024: (8) added, (SB 24-032), ch. 185, p. 1043, � 6, effective May 16; (7)(a)(I) amended, (HB 24-1466), ch. 429, p. 2941, � 26, effective June 5. L. 2025: (7)(k) added, (SB 25-312), ch. 301, p. 1535, � 6, effective May 30; (7)(c)(II) repealed and (7)(d) and (7)(e) amended, (SB 25-257), ch. 423, p. 2407, � 1, effective June 4.
Editor's note: (1) Subsections (5)(c)(I)(B) and (5)(c)(II)(B) provided for the repeal of subsections (5)(c)(I) and (5)(c)(II), respectively, effective January 1, 2019. (See L. 2018, p. 2093.)
(2) Subsection (7)(g)(II) provided for the repeal of subsection (7)(g), effective July 1, 2022. For the law in effect from June 7, 2022, until July 1, 2022, see L. 2022, p. 2756.
(3) Subsection (7)(h)(II) provided from the repeal of subsection (7)(h), effective July 1, 2022. (See L. 2022, p. 2756)
(4) Subsection (7)(j) was originally added as (7)(i) by SB 23-199 but was renumbered on revision for ease of location.
(5) Subsection (7)(j)(II) provided for the repeal of subsection (7)(j), effective September 1, 2024. (See L. 2023, p. 2122.)
(6) Subsection (7)(i)(II) provided for the repeal of subsection (7)(i), effective July 1, 2025. (See L. 2023, p. 1292.)
Cross references: (1) For the legislative declaration in SB 17-267, see section 1 of chapter 267, Session Laws of Colorado 2017.
(2) For the legislative declaration in SB 18-001, see section 1 of chapter 353, Session Laws of Colorado 2018.
(3) For the legislative declaration in SB 21-260, see section 1 of chapter 250, Session Laws of Colorado 2021.
(4) For the legislative declaration in HB 22-1351, see section 1 of chapter 159, Session Laws of Colorado 2022. For the legislative declaration in SB 22-176, see section 1 of chapter 387, Session Laws of Colorado 2022.
(5) For the legislative declaration in HB 24-1466, see section 1 of chapter 429, Session Laws of Colorado 2024.
24-75-220. State education fund - transfers - surplus - legislative declaration. (1) Notwithstanding any provision of law to the contrary, on the date on which the state controller publishes the comprehensive annual financial report of the state for the fiscal year 2011-12, the state treasurer shall transfer to the state education fund created in section 17 (4) of article IX of the state constitution fifty-nine million dollars from the general fund surplus designated in accordance with section 24-75-201 (1) for the fiscal year 2011-12, which represents the unrestricted general fund balance after the applicable amount of reserve required pursuant to section 24-75-201.1 (1)(d).
(2) Notwithstanding any provision of law to the contrary, on the date on which the state controller publishes the comprehensive annual financial report of the state for the fiscal year 2012-13, the state treasurer shall transfer to the state education fund created in section 17 (4) of article IX of the state constitution the general fund surplus designated in accordance with section 24-75-201 (1) for the fiscal year 2012-13, which represents the unrestricted general fund balance after the applicable amount of reserve required pursuant to section 24-75-201.1 (1)(d).
(3) (a) The general assembly hereby finds and declares that Senate Bill 13-234, enacted in 2013, required the state treasurer to transfer moneys from the general fund to the old hire plan members' benefit trust fund created in section 31-31-701 (6), C.R.S., to satisfy the state's future required payments. This transfer reduced the amount of the general fund surplus that would otherwise have been transferred to the state education fund created in section 17 (4) of article IX of the state constitution under subsection (2) of this section. The transfers in paragraph (b) of this subsection (3) are intended to reimburse the state education fund for this reduced transfer and they represent the amount the state would have contributed to the old hire plan member's benefit trust fund in the absence of the early pay off.
(b) On April 30, 2014, the state treasurer shall transfer forty-five million three hundred twenty-one thousand seventy-nine dollars from the general fund to the state education fund created in section 17 (4) of article IX of the state constitution. On April 30, 2015, and April 30 of each year thereafter through 2018, the state treasurer shall transfer twenty-five million three hundred twenty-one thousand seventy-nine dollars from the general fund to the state education fund. On April 30, 2019, the state treasurer shall transfer twenty-four million nine hundred ninety-one thousand seven hundred thirty-nine dollars from the general fund to the state education fund.
(4) Repealed.
(5) On July 1, 2019, the state treasurer shall transfer forty million three hundred twenty-six thousand eight hundred ninety-six dollars ($40,326,896) from the general fund to the state education fund created in section 17 (4) of article IX of the state constitution.
(6) (a) On March 1, 2021, the state treasurer shall transfer one hundred thirteen million dollars from the general fund to the state education fund created in section 17 (4) of article IX of the state constitution.
(a.5) On July 1, 2021, the state treasurer shall transfer one hundred million dollars from the general fund to the state education fund created in section 17 (4) of article IX of the state constitution.
(b) On March 1, 2022, the state treasurer shall transfer twenty-three million dollars from the general fund to the state education fund created in section 17 (4) of article IX of the state constitution.
(7) Repealed.
(8) On July 1, 2022, the state treasurer shall transfer two hundred ninety million dollars from the general fund to the state education fund created in section 17 (4) of article IX of the state constitution.
Source: L. 2012: Entire section added, (HB 12-1338), ch. 153, p. 550, � 1, effective August 8. L. 2013: (3) added, (SB 13-234), ch. 180, p. 664, � 2, effective May 10; (4) added, (SB 13-260), ch. 236, p. 1147, � 13, effective May 17. L. 2014: (4) RC&RE, (HB 14-1342), ch. 140, p. 484, � 3, effective May 2; (4)(a)(III.5) added, (HB 14-1339), ch. 299, p. 1253, � 3, effective May 31; (4)(a)(III.4) added, (SB 14-223), ch. 399, p. 2009, � 3, effective June 6. L. 2019: (5) added, (SB 19-246), ch. 151, p. 1789, � 6, effective May 10. L. 2020: (7) added, (HB 20-1418), ch. 197, p. 948, � 25, effective June 30; (6) added, (HB 20-1420), ch. 277, p. 1361, � 6, effective July 11. L. 2021: (6)(a.5) added, (SB 21-208), ch. 85, p. 357, � 1, effective May 4. L. 2022: (8) added, (HB 22-1390), ch. 237, p. 1757, � 29, effective May 26; (8) amended, (SB 22-202), ch. 238, p. 1763, � 2, effective May 26.
Editor's note: (1) Subsection (4)(d) provided for the repeal of subsection (4), effective July 1, 2016. (See L. 2014, p. 484.)
(2) Subsection (7)(c) provided for the repeal of subsection (7), effective July 1, 2021. (See L. 2020, p. 948.)
Cross references: (1) For the legislative declaration in HB 20-1418, see section 1 of chapter 197, Session Laws of Colorado 2020.
(2) For the short title (Tax Fairness Act) in HB 20-1420, see section 1 of chapter 277, Session Laws of Colorado 2020.
(3) For the legislative declaration in HB 22-1390, see section 1 of chapter 237, Session Laws of Colorado 2022.
24-75-221. Transfer of general fund revenue to Colorado economic development fund for 2011-12 fiscal year. (Repealed)
Source: L. 2012: Entire section added, (HB 12-1360), ch. 223, p. 954, � 1, effective May 24. L. 2015: Entire section repealed, (SB 15-264), ch. 259, p. 960, � 70, effective August 5.
24-75-222. Transfer to general fund - moneys from repealed cash funds - definition - repeal. (Repealed)
Source: L. 2013: Entire section added, (SB 13-233), ch. 154, p. 501, � 1, effective April 29.
Editor's note: Subsection (3) provided for the repeal of this section, effective July 1, 2014. (See L. 2013, p. 501.)
24-75-223. Transfer of general fund surplus to Colorado water conservation board construction fund - repeal. (Repealed)
Source: L. 2013: Entire section added, (SB 13-236), ch. 181, p. 667, � 2, effective May 10. L. 2014: Entire section repealed, (HB 14-1342), ch. 140, p. 485, � 4, effective May 2.