Senate Bill 25-225

BY SENATOR(S) Amabile and Kirkmeyer, Bridges;

also REPRESENTATIVE(S) Bird and Taggart, Sirota.

Concerning a reduction in the transfer from the limited gaming fund to the advanced industries acceleration cash fund for state fiscal year 2025-26.

Be it enacted by the General Assembly of the State of Colorado:

SECTION 1.  In Colorado Revised Statutes, 44-30-701, amend (2)(a)(II); and add (2)(d) as follows:

44-30-701.  Limited gaming fund - created - repeal. (2) (a)  Except as provided in subsection (2)(b) of this section, at the end of the 2012-13 state fiscal year and at the end of each state fiscal year thereafter, the state treasurer shall transfer the state share as follows:

(II)  For the 2014-15 state fiscal year and each state fiscal year thereafter, except as otherwise provided in subsection (2)(d) of this section for the 2025-26 state fiscal year, five million five hundred thousand dollars to the advanced industries acceleration cash fund created in section 24-48.5-117;

(d) (I)  For the 2025-26 state fiscal year, the state treasurer shall transfer one million eight hundred forty thousand dollars to the advanced industries acceleration cash fund created in section 24-48.5-117.

(II)  This subsection (2)(d) is repealed, effective July 1, 2027.

SECTION 2.  Act subject to petition - effective date. This act takes effect at 12:01 a.m. on the day following the expiration of the ninety-day period after final adjournment of the general assembly; except that, if a referendum petition is filed pursuant to section 1 (3) of article V of the state constitution against this act or an item, section, or part of this act within such period, then the act, item, section, or part will not take effect unless approved by the people at the general election to be held in November 2026 and, in such case, will take effect on the date of the official declaration of the vote thereon by the governor.