2016 Colorado Revised Statutes
Title 39 - Taxation
Specific Taxes
Article 28.8 - Taxes on Marijuana and Marijuana Products
Part 6 - Ballot Issue Related to Proposition Aa Refunds - Permitted Uses
§ 39-28.8-603. Ballot issue - proposition AA - later voter approval

(1) If a proposition AA blue book refund is required under section 39-28.8-602, then at the election held on November 3, 2015, the secretary of state shall submit to the registered electors of the state for their approval or rejection the following ballot issue: "May the state retain and spend state revenues that otherwise would be refunded for exceeding an estimate included in the ballot information booklet for proposition AA and use these revenues to provide forty million dollars for public school building construction and for other needs, such as law enforcement, youth programs, and marijuana education and prevention programs, instead of refunding these revenues to retail marijuana cultivation facilities, retail marijuana purchasers, and other taxpayers?"

(2) Approval of the ballot issue by a majority of the electors that vote on the ballot issue constitutes later voter approval to avoid the potential refund required by section 20 (3) (c) of article X of the state constitution identified in section 39-28.8-602.

(3) For purposes of section 1-5-407 (5) (b), C.R.S., the ballot issue is a proposition. Section 1-40-106 (3) (d), C.R.S., does not apply to the ballot issue.