HB 18-1079

House Bill 18-1079, which has been signed into law, requires a committee to recommend how money from Colorado's Long-Term Works Reserve should be used each year. This committee includes members appointed by both the state and counties, with the county-appointed members drafting these annual recommendations. The bill affects how funds are allocated for long-term projects or initiatives in the state budget. Since it has been signed, this law is now active and guiding how these reserve funds will be managed going forward.

Official Summary

The bill requires the works allocation committee to annually submit to the executive director of the department of human services (department), the governor, and the joint budget committee recommendations for the use of the money in the Colorado long-term works reserve for the upcoming state fiscal year. The department-appointed members are not required to vote on the annual recommendations. The county-appointment members shall draft the annual recommendations.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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