SB 23-237

Senate Bill 23-237 requires the state treasurer to move $12.6 million from a fund that collects taxes on activities like oil and gas extraction to another fund dedicated to implementing Colorado’s water plan. This transfer happened on June 30, 2023, as required by the bill, which was signed into law and became effective on April 20, 2023. The money will be used to support projects and initiatives related to water management in Colorado.

Official Summary

On June 30, 2023, the state treasurer is required to transfer $12.6 million from the severance tax operational fund to the water plan implementation cash fund. APPROVED by Governor April 20, 2023 EFFECTIVE April 20, 2023 (Note: This summary applies to this bill as enacted.)

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