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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) Subject to the provisions of subsection (2) of this section, upon approval of the governor:
(a) The executive director of the department of health care policy and financing may transfer general fund or reappropriated funds spending authority from one or more items of appropriation made to that department in the annual general appropriations act to one or more corresponding items of appropriation made to the department of human services in the act.
(b) The executive director of the department of human services may transfer general fund or reappropriated funds spending authority from one or more items of appropriation made to that department in the annual general appropriations act to one or more corresponding items of appropriation made to the department of health care policy and financing in the act.
(2) The governor may approve a transfer of spending authority between one or more corresponding items of appropriation of the departments of health care policy and financing and human services pursuant to subsection (1) of this section only if:
(a) Authority for the transfer of spending authority has been expressly granted in a footnote in the annual general appropriations act;
(b) The amount of spending authority to be transferred does not exceed the maximum amount, if any, specified in the footnote authorizing the transfer; and
(c) The transfer is not otherwise authorized pursuant to section 24-75-106.
(3) The transfers authorized by this section shall:
(a) Be in addition to any other transfers between the departments of health care policy and financing and human services authorized by law; and
(b) Apply to the 2008-09 and subsequent general appropriations acts.
(4) The governor shall report to the joint budget committee no later than October 1 after the close of the fiscal year on any transfers approved by the governor pursuant to this section.
(5) This section is repealed, effective September 1, 2025.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 24. Government State § 24-75-106.5. Transfers between departments of health care policy and financing and human services for corresponding items of appropriation--limitations--repeal - last updated January 01, 2025 | https://codes.findlaw.com/co/title-24-government-state/co-rev-st-sect-24-75-106-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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