SB 18-202

SB 18-202, also known as the Colorado Firefighting Air Corps Fund Reserve Exemption, allows the firefighting air corps fund in Colorado to keep more money at the end of each fiscal year. Currently, this fund is limited to keeping only up to 16.5% of its spending as reserve funds, but the bill removes that limit. This change will help ensure the fund has enough resources for unexpected needs or emergencies related to firefighting air operations. Since the bill has been signed into law, it is now in effect and the new rules apply immediately.

Official Summary

Joint Budget Committee. The bill exempts the Colorado firefighting air corps fund from the maximum reserve, which currently limits the year-end uncommitted reserves in the cash fund to 16.5% of the amount expended from the cash fund during the fiscal year.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

Votes