A Bill for an Act
Page 1, Line 101Concerning transfers of money from the license plate cash
Page 1, Line 102fund.
Bill Summary
(Note: This summary applies to this bill as introduced and does not reflect any amendments that may be subsequently adopted. If this bill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov/.)
Joint Budget Committee. The bill requires the state treasurer to transfer the following amounts from the license plate cash fund (fund) on June 30, 2025:
- 40% of the unexpended and unencumbered balance of the fund to the general fund; and
- 40% of the unexpended and unencumbered balance of the fund to the Colorado DRIVES vehicle services account in the highway users tax fund.
Page 2, Line 1Be it enacted by the General Assembly of the State of Colorado:
Page 2, Line 2SECTION 1. In Colorado Revised Statutes, 42-3-301, add (1)(c) as follows:
Page 2, Line 342-3-301. License plate cash fund - license plate fees - repeal.
Page 2, Line 4(1) (c) (I) Notwithstanding any provision of this section to the contrary, on June 30, 2025, the state treasurer shall transfer:
Page 2, Line 5(A) Forty percent of the unexpended and unencumbered balance of the license plate cash fund to the general fund; and
Page 2, Line 6(B) Forty percent of the unexpended and unencumbered
Page 2, Line 7balance of the license plate cash fund to the Colorado DRIVES
Page 2, Line 8vehicle services account in the highway users tax fund, created in section 42-1-211 (2).
Page 2, Line 9(II) This subsection (1)(c) is repealed, effective July 1, 2026.
Page 2, Line 10SECTION 2. Safety clause. The general assembly finds,
Page 2, Line 11determines, and declares that this act is necessary for the immediate
Page 2, Line 12preservation of the public peace, health, or safety or for appropriations for
Page 2, Line 13the support and maintenance of the departments of the state and state institutions.