Amendments for HB24-1125
House Journal, March 1
10 HB24-1125 be amended as follows, and as so amended, be referred to
11 the Committee on Appropriations with favorable
12 recommendation:
13
14 Amend page 3, line 1, after "statement -" insert "commercial building
15 conversion tax credit program cash fund -".
16
17 Page 9, line 11, after "BE" insert "CREDITED TO THE COMMERCIAL
18 BUILDING CONVERSION TAX CREDIT PROGRAM CASH FUND CREATED IN
19 SUBSECTION (15) OF THIS SECTION AND".
20
21 Page 17, after line 11 insert:
22
23 "(15) Commercial building conversion tax credit program cash
24 fund. (a) THE COMMERCIAL BUILDING CONVERSION TAX CREDIT
25 PROGRAM CASH FUND IS CREATED IN THE STATE TREASURY. THE FUND
26 CONSISTS OF GIFTS, GRANTS, DONATIONS, FEE REVENUE CREDITED TO THE
27 FUND PURSUANT TO SUBSECTION (6) OF THIS SECTION, AND ANY OTHER
28 MONEY THAT THE GENERAL ASSEMBLY MAY APPROPRIATE, TRANSFER, OR
29 REQUIRE BY LAW TO BE CREDITED TO THE FUND.
30 (b) THE STATE TREASURER SHALL CREDIT ALL INTEREST AND
31 INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE
32 COMMERCIAL BUILDING CONVERSION TAX CREDIT PROGRAM CASH FUND
33 TO THE FUND.
34 (c) MONEY IN THE FUND IS CONTINUOUSLY APPROPRIATED TO THE
35 OFFICE FOR THE PURPOSE OF ADMINISTERING THE TAX CREDIT ISSUED
36 PURSUANT TO THIS SECTION.
37 (d) THE STATE TREASURER SHALL TRANSFER ALL UNEXPENDED
38 AND UNENCUMBERED MONEY IN THE FUND ON DECEMBER 31, 2051, TO
39 THE GENERAL FUND.".
40
41 Renumber succeeding subsection accordingly.
42
43 Page 17, lines 12 and 13, strike "DECEMBER 31, 2041." and substitute
44 "DECEMBER 31, 2051.".
45
46 Page 17, after line 13 insert:
47
48 "SECTION 2. In Colorado Revised Statutes, 24-75-402, add
49 (5)(eee) as follows:
50 24-75-402. Cash funds - limit on uncommitted reserves -
51 reduction in the amount of fees - exclusions - definitions.
52 (5) Notwithstanding any provision of this section to the contrary, the
53 following cash funds are excluded from the limitations specified in this
54 section:
55
1 (eee) THE COMMERCIAL BUILDING CONVERSION TAX CREDIT
2 PROGRAM CASH FUND CREATED IN SECTION 39-22-560 (15).".
3
4 Renumber succeeding section accordingly.
5
6