2021 Colorado Code
Title 24 - Government - State
Article 77 - State Fiscal Policies Relating to Section 20 of Article X of the State Constitution
§ 24-77-106. Establishment of Annual Allowable Uncommitted Reserves - Legislative Declaration

Universal Citation:
CO Code § 24-77-106 (2021)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
  1. The general assembly hereby finds and declares that:
    1. Section 20 of article X of the state constitution limits state fiscal year spending;
    2. Subject to certain exclusions specified in section 20 of article X of the state constitution, all state general fund revenues and all state cash fund revenues are included in the limitation on state fiscal year spending;
    3. The legislative powers of the general assembly, including but not limited to its plenary power of appropriation, authorize and require the general assembly to assure compliance with the limitation on state fiscal year spending and to make fundamental fiscal policy decisions establishing the level of activity of all departments and agencies of state government, including those funded by revenues generated from fees; and
    4. Consonant with the exercise of such legislative powers, the general assembly must establish limits on the amount of uncommitted reserves that may be maintained by the departments and agencies of state government for cash funds under their control and must exercise any other necessary controls on cash fund revenues, including but not limited to the power of appropriation.
  2. (Deleted by amendment,L. 99, p. 1237, § 4, effective August 4, 1999.)
  3. For the 1999-2000 fiscal year and each fiscal year thereafter, each department or agency of state government shall maintain the uncommitted reserves of any cash fund under its control in accordance with section 24-75-402.

Source: L. 93: Entire article added, p. 1504, § 1, effective June 6. L. 99: Entire section amended, p. 1237, § 4, effective August 4.

Disclaimer: These codes may not be the most recent version. Colorado may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.