Colorado Revised Statutes Title 24. Government State § 24-75-219. Transfers--transportation--capital construction--definitions--repeal

(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.

(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.

(I) Ten million five hundred thousand dollars from the general fund to the multimodal transportation and mitigation options fund; and

(II) Seven million dollars from the general fund to the state highway fund for the purpose of providing additional funding for the revitalizing main streets program.

(d)(I) On each July 1 from July 1, 2024, through July 1, 2028, the state treasurer shall transfer one hundred million dollars from the general fund to the state highway fund; and

(II) On each July 1 from July 1, 2029, through July 1, 2031, the state treasurer shall transfer eighty-two million five hundred thousand dollars from the general fund to the state highway fund.

(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:

(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:

(g)(I) Repealed by Laws 2022, Ch. 387 (S.B. 22-176), § 3, eff. July 1, 2022.

(i)(I) On July 1, 2023, the state treasurer shall transfer five million dollars from the general fund to the state highway fund. The money transferred pursuant to this subsection (7)(i)(I) must be used by the department of transportation for the purpose of developing comprehensive operational capacity to maximize utilization and implementation of federal infrastructure funding.

(II) This subsection (7)(i) is repealed, effective July 1, 2025.