Current law, enacted in Senate Bill 18-001, requires the state treasurer to transfer, on July 1, 2019, a total amount of $150 million from the general fund to fund transportation needs as follows:

• $105 million (70%) to the state highway fund;
• $22.5 million (15%) to the highway users tax fund for allocation in equal shares to counties and municipalities; and
• $22.5 million (15%) to the multimodal transportation options fund.

The bill increases the total amount of the July 1, 2019, transfer to $340 million so that the amount of the individual transfer to the multimodal transportation options fund is unchanged and the individual transfers to the state highway fund and the highway users tax fund are increased to the following amounts:

• $266.5 million (78.38%) to the state highway fund;
• $51 million (15%) to the highway users tax fund for allocation in equal shares to counties and municipalities; and
• $22.5 million (6.62%) to the multimodal transportation options fund.
  (Note: This summary applies to this bill as introduced.)

Fiscal Note

The bill requires the efficiency and accountability committee of the department of transportation (CDOT) to study and report to the executive director of CDOT and the transportation commission its findings and any recommendations regarding specified issues relating to consulting engineer contracts for CDOT projects. CDOT must annually report to its legislative oversight committees, as part of its annual "State Measurement for Accountable, Responsive, and Transparent (SMART) Government Act" hearing, regarding the findings and any recommendations reported by the efficiency and accountability committee and the position of CDOT with respect to the findings and any recommendations.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Fiscal Note