Colorado 2021 Regular Session Status: Enacted

SB 21-283 — Cash Fund Solvency

Last action — Governor Signed

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced May 19, 2021. Enacted.

Prognosis

Likely to advance 72% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    2 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 4 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

The act creates the cash fund solvency fund from which the state controller may transfer money to another cash fund for which it is anticipated that there will be a cash deficit. Thereafter, the state controller is required to transfer the same amount of money from the cash fund back to the cash fund solvency fund in one or more installments, which may be over multiple fiscal years. The state controller is required to annually report to the joint budget committee and the office of state planning and budgeting about any transfers made.The act also requires the state treasurer to transfer to the marijuana cash fund $1,805,317 from the marijuana tax cash fund and $1,200,000 from the general fund.(Note: This summary applies to this bill as enacted.)

Bill Text

What changed in the latest version

23 added · 17 removed

Plain-language change summary

The amendment to SB 21-283 adds a new section that creates the Cash Fund Solvency Fund, allowing the State Controller to transfer money to certain cash funds that anticipate cash deficits, with the expectation that these amounts will be repaid later. It also includes provisions for transferring money to the Marijuana Cash Fund. This change aims to address potential shortfalls in revenue for fee-funded programs, particularly in light of disruptions caused by the COVID-19 pandemic.

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Latest
First Regular Session Seventy-third General Assembly STATE OF COLORADO ENGROSSED This Version Includes All Amendments Adopted on Second Reading in the House of Introduction LLS NO.
First Regular Session Seventy-third General Assembly STATE OF COLORADO REENGROSSED This Version Includes All Amendments Adopted in the House of Introduction LLS NO.
21-0979.01 Ed DeCecco x4216 SENATE BILL 21-283 SENATE SPONSORSHIP Moreno, Hansen, Rankin HOUSE SPONSORSHIP McCluskie, Herod Senate Committees House Committees Appropriations A BILL FOR AN ACT C ONCERNING CASH FUND SOLVENCY , AND , IN CONNECTION THEREWITH , CREATING THE CASH FUND SOLVENCY FUND TO ALLOW THE STATE CONTROLLER TO TRANSFER MONEY TO CERTAIN CASH FUNDS WITH ANTICIPATED CASH DEFICITS , WHICH AMOUNTS WILL BE LATER REPAID , TRANSFERRING MONEY TO THE MARIJUANA CASH FUND , AND MAKING AND REDUCING AN APPROPRIATION .
21-0979.01 Ed DeCecco x4216 SENATE BILL 21-283 SENATE SPONSORSHIP Moreno, Hansen, Rankin, Gonzales, Priola HOUSE SPONSORSHIP McCluskie, Herod Senate Committees House Committees Appropriations A BILL FOR AN ACT C ONCERNING CASH FUND SOLVENCY , AND , IN CONNECTION THEREWITH ,CREATING THE CASH FUND SOLVENCY FUND TO ALLOW THE STATE CONTROLLER TO TRANSFER MONEY TO CERTAIN CASH FUNDS WITH ANTICIPATED CASH DEFICITS , WHICH AMOUNTS WILL BE LATER REPAID , TRANSFERRING d MONEY TO THE MARIJUANA CASH FUND , AND MAKING AND d e 1 REDUCING AN APPROPRIATION .
Bill Summary (Note:
E a 0 A U , N i 2 Bill Summary S a a R M r (Note:
This summary applies to this bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill passes third reading in the house of introduction, a bill summary that g applies to the reengrossed version of this bill will be available at d http://leg.colorado.gov/.) e 2 T R 2 A n 6 Shading denotes HOUSE amendment.
This summary applies to this bill as introduced and does 3 notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at i a 1 http://leg.colorado.gov/.) E R 0 T d , N 2 2 Shading denotes HOUSE amendment.
Double underlining denotes SENATE amendment.E d y Capital letters or bold & italic numbers indicate new material to be added to existing statute.
Double underlining denotes SENATE amendment.
S e y Capital letters or bold & italic numbers indicate new material to be added to existing ntMtute.
e M A Joint Budget Committee.
e A Joint Budget Committee.
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Amendments

1 amendment

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Action History

  1. Governor Signed

  2. Signed by the President of the Senate

  3. Signed by the Speaker of the House

  4. Sent to the Governor

  5. House Third Reading Passed - No Amendments

  6. Senate Considered House Amendments - Result was to Concur - Repass

  7. House Third Reading Laid Over Daily - No Amendments

  8. House Committee on Appropriations Refer Unamended to House Committee of the Whole

  9. House Second Reading Special Order - Passed with Amendments - Floor

  10. Introduced In House - Assigned to Appropriations

  11. Senate Third Reading Passed - No Amendments

  12. Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole

  13. Senate Second Reading Special Order - Passed with Amendments - Committee

  14. Introduced In Senate - Assigned to Appropriations

Sponsors

  • Dominick Moreno · Primary
  • Julie McCluskie · Primary

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 100 not signed on · 13 voted No

Sponsors (2)

  • Dominick Moreno
  • Julie McCluskie

Co-sponsors (0)

None.

Not signed on (100)

100 members have not signed on to this bill.

Show all 100 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

CONCUR

Passed 34 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Democrat 8000
Unaffiliated 23000
Republican 3001
Total 34001
% of votes cast 97%0%0%3%
How each member voted (35)
Member Party Vote
Buckner — Yea
Cooke — Yea
Coram — Yea
Donovan — Yea
Fenberg — Yea
Fields — Yea
Gardner — Yea
Ginal — Yea
Hansen — Yea
Hisey — Yea
Holbert — Yea
Lee — Yea
Lundeen — Yea
Moreno — Yea
Pettersen — Yea
Priola — Yea
Rankin — Yea
Scott — Yea
Smallwood — Yea
Sonnenberg — Yea
Woodward — Yea
Zenzinger — Yea
Jaquez Lewis — Yea
Chris Kolker Democrat Yea
James Coleman Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Julie Gonzales Democrat Yea
Lorena Garcia Democrat Yea
Robert Rodriguez Democrat Yea
Tammy Story Democrat Yea
Barbara Kirkmeyer Republican Yea
Cleave Simpson Republican Yea
Larry Liston Republican Not Voting
Ty Winter Republican Yea

Official roll call →

REPASS

Passed 30 Yea · 4 Nay · 1 Other
Party YeaNayPresentNot Voting
Democrat 8000
Unaffiliated 19400
Republican 3001
Total 30401
% of votes cast 86%11%0%3%
How each member voted (35)
Member Party Vote
Buckner — Yea
Cooke — Nay
Coram — Yea
Donovan — Yea
Fenberg — Yea
Fields — Yea
Gardner — Yea
Ginal — Yea
Hansen — Yea
Hisey — Nay
Holbert — Yea
Lee — Yea
Lundeen — Yea
Moreno — Yea
Pettersen — Yea
Priola — Yea
Rankin — Yea
Scott — Yea
Smallwood — Yea
Sonnenberg — Nay
Woodward — Nay
Zenzinger — Yea
Jaquez Lewis — Yea
Chris Kolker Democrat Yea
James Coleman Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Julie Gonzales Democrat Yea
Lorena Garcia Democrat Yea
Robert Rodriguez Democrat Yea
Tammy Story Democrat Yea
Barbara Kirkmeyer Republican Yea
Cleave Simpson Republican Yea
Larry Liston Republican Not Voting
Ty Winter Republican Yea

Official roll call →

BILL

Passed 40 Yea · 23 Nay · 2 Other
Party YeaNayPresentNot Voting
Democrat 22001
Republican 0701
Unaffiliated 181600
Total 402302
% of votes cast 62%35%0%3%
How each member voted (65)
Member Party Vote
Bernett — Yea
Bird — Yea
Bockenfeld — Nay
Caraveo — Yea
Carver — Nay
Esgar — Yea
Geitner — Nay
Gonzales-Gutierrez — Yea
Gray — Yea
Hanks — Nay
Herod — Yea
Holtorf — Nay
Hooton — Yea
Larson — Nay
Lontine — Yea
Lynch — Nay
McKean — Nay
McLachlan — Yea
Neville — Nay
Ortiz — Yea
Pico — Nay
Ransom — Nay
Sandridge — Nay
Tipper — Yea
Will — Nay
Young — Yea
Garnett — Yea
Adrienne Benavidez — Yea
Michaelson Jenet — Yea
Valdez D. — Yea
Van Beber — Nay
Van Winkle — Nay
Williams D. — Nay
deGruy Kennedy — Yea
Alex Valdez Democrat Yea
Andrew Boesenecker Democrat Yea
Brianna Titone Democrat Yea
Cathy Kipp Democrat Yea
Dylan Roberts Democrat Yea
Emily Sirota Democrat Yea
Iman Jodeh Democrat Yea
Jamie Jackson Democrat Yea
Jennifer Bacon Democrat Yea
Judy Amabile Democrat Yea
Julie McCluskie Democrat Yea
Karen McCormick Democrat Yea
Kyle Mullica Democrat Yea
Lindsey Daugherty Democrat Yea
Lisa Cutter Democrat Yea
Marc Snyder Democrat Yea
Meg Froelich Democrat Yea
Mike Weissman Democrat Yea
Monica Duran Democrat Yea
Naquetta Ricks Democrat Yea
Steven Woodrow Democrat Not Voting
Tom Sullivan Democrat Yea
Tony Exum Democrat Yea
Dan Woog Republican Not Voting
Janice Rich Republican Nay
Marc Catlin Republican Nay
Mark Baisley Republican Nay
Mary Bradfield Republican Nay
Matt Soper Republican Nay
Rod Pelton Republican Nay
Stephanie Luck Republican Nay

Official roll call →

BILL

Passed 25 Yea · 10 Nay
Party YeaNayPresentNot Voting
Democrat 8000
Unaffiliated 16700
Republican 1300
Total 251000
% of votes cast 71%29%0%0%
How each member voted (35)
Member Party Vote
Buckner — Yea
Cooke — Nay
Coram — Yea
Donovan — Yea
Fenberg — Yea
Fields — Yea
Gardner — Nay
Ginal — Yea
Hansen — Yea
Hisey — Nay
Holbert — Yea
Lee — Yea
Lundeen — Nay
Moreno — Yea
Pettersen — Yea
Priola — Yea
Rankin — Yea
Scott — Yea
Smallwood — Nay
Sonnenberg — Nay
Woodward — Nay
Zenzinger — Yea
Jaquez Lewis — Yea
Chris Kolker Democrat Yea
James Coleman Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Julie Gonzales Democrat Yea
Lorena Garcia Democrat Yea
Robert Rodriguez Democrat Yea
Tammy Story Democrat Yea
Barbara Kirkmeyer Republican Nay
Cleave Simpson Republican Nay
Larry Liston Republican Nay
Ty Winter Republican Yea

Official roll call →

Subjects

taxation finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 21-283 do?
The act creates the cash fund solvency fund from which the state controller may transfer money to another cash fund for which it is anticipated that there will be a cash deficit. Thereafter, the state controller is required to transfer the same amount of money from the cash fund back to the cash fund solvency fund in one or more installments, which may be over multiple fiscal years. The state controller is required to annually report to the joint budget committee and the office of state planning and budgeting about any transfers made.The act also requires the state treasurer to transfer to the marijuana cash fund $1,805,317 from the marijuana tax cash fund and $1,200,000 from the general fund.(Note: This summary applies to this bill as enacted.)
Who sponsors SB 21-283?
SB 21-283 is sponsored by Dominick Moreno and Julie McCluskie.
What is the current status of SB 21-283?
This bill has been enacted into law. Introduced May 19, 2021. Enacted.
Where can I track SB 21-283?
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