SB 23-243

Senate Bill 23-243, which has been approved and is now in effect, requires the transfer of $293.67 million from Colorado’s general fund and a smaller amount from its exempt account to two specific funds: the capital construction fund and the information technology capital account within that fund. This means that on July 1, 2023, nearly $234 million will go directly into the capital construction fund, while about $60 million will be allocated to the information technology capital account for infrastructure projects. The bill has been signed by the governor and is now law, meaning these transfers are set to occur as scheduled.

Official Summary

The act requires transfers to be made on July 1, 2023, from the general fund and the general fund exempt account of the general fund to the capital construction fund and the information technology capital account of the capital construction fund as follows: $233,361,030 from the general fund to the capital construction fund; $60,308,481 from the general fund to the information technology capital account of the capital construction fund; and $500,000 from the general fund exempt account of the general fund to the capital construction fund. APPROVED by Governor April 20, 2023 EFFECTIVE April 20, 2023 (Note: This summary applies to this bill as enacted.)

Votes