SB 18-195

Senate Bill 18-195, also known as the Healthcare Affordability and Sustainability Fee Cash Fund Appropriations, changes how money in a specific fund is spent. Previously, this fund could be used continuously for healthcare purposes without needing annual approval from lawmakers. The bill now requires that any spending from this fund must get approved each year by the Colorado General Assembly starting from 2018-19 fiscal year. This means the government will have to review and approve the use of these funds annually instead of letting them be used automatically. The bill has been signed into law, so it is now in effect.

Official Summary

Joint Budget Committee. Current law specifies that money in the healthcare affordability and sustainability fee cash fund is continuously appropriated to the Colorado healthcare affordability and sustainability enterprise for specified healthcare related purposes. Beginning with state fiscal year 2018-19, the bill makes the expenditure of money from the fund by the enterprise subject to annual appropriation by the general assembly.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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