SB 22-036

Senate Bill 22-036 requires the state treasurer to make two payments totaling $13.3 million to a fund that supports death and disability benefits for firefighters and police officers. The first payment of $6.65 million was made on July 1, 2022, from the general fund, and another payment of the same amount is scheduled for July 1, 2023, from a newly created cash fund that will be funded by transferring money from the general fund in 2022. This bill has been signed into law, meaning these payments are now required to be made as specified.

Official Summary

The act requires the state treasurer to make 2 payments of $6,650,000 to the fire and police pension association for it to deposit in the statewide death and disability trust fund. The first payment on July 1, 2022, is from the general fund, and the second payment on July 1, 2023, is from the newly created death and disability payment cash fund, which consists of money transferred from the general fund on July 1, 2022. (Note: This summary applies to this bill as enacted.)

Votes