SB 18-280

Senate Bill 18-280, which has been signed into law, requires the state treasurer to move $19,965,068 from Colorado’s general fund to a special fund called the tobacco litigation settlement cash fund. This transfer will happen on July 1, 2018, and the money is intended to support programs that receive funding from tobacco settlements for the fiscal year starting in July 2018. Essentially, it provides additional financial support to these programs beyond what they would normally get from the tobacco settlement funds.

Official Summary

Joint Budget Committee. The bill requires the state treasurer to transfer $19,965,068 from the general fund to the tobacco litigation settlement cash fund on July 1, 2018. This money is allocated for the 2018-19 fiscal year to the programs, services, and funds that receive tobacco litigation settlement money to supplement the allocation of settlement money that those programs, services, and funds will otherwise receive.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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