Colorado § 24-38-103 Agency authority and incentives for budget savings

Colorado Statutes

§ 24-38-103 — Agency authority and incentives for budget savings

Colorado § 24-38-103

Title 24Government

Art.Government Efficiency

This text of Colorado § 24-38-103 (Agency authority and incentives for budget savings) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 24-38-103 (2026).

Text

(1)Beginning with the 1998-99 fiscal year, any agency may implement measures that reduce the costs of delivering the agency's services and products below the amount of the agency's appropriations for a given fiscal year. Any agency that achieves cost savings under this subsection (1) may transfer twenty percent of the amount of the cost savings from one item of appropriation made to the agency in the general appropriation act or any supplemental appropriation act to another item of appropriation made to the same agency in said act. The following limitations shall apply only to transfers made pursuant to this subsection (1):

(a)In no case shall an agency use any of the amount transferred as a result of cost savings to add employment positions or for personal services.

(b)All

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(1)
Beginning with the 1998-99 fiscal year, any agency may implement measures that
reduce the costs of delivering the agency's services and products below the
amount of the agency's appropriations for a given fiscal year. Any agency that
achieves cost savings under this subsection (1) may transfer twenty percent of the
amount of the cost savings from one item of appropriation made to the agency in
the general appropriation act or any supplemental appropriation act to another item
of appropriation made to the same agency in said act. The following limitations
shall apply only to transfers made pursuant to this subsection (1):

(a) In no case shall an agency use any of the amount transferred as a result
of cost savings to add employment positions or for personal services.

(b) All transfers made pursuant to this subsection (1) shall be between items
of appropriations made for the fiscal year in which the cost savings were achieved.

(c) Prior to expending any moneys so transferred, the agency that achieved
the cost savings shall enter into a memorandum of understanding with the joint
budget committee that details how the agency will spend the transferred moneys.

(d) Any moneys transferred to an agency as the result of cost savings may
be spent only for reinvestment in technology or other capital projects related to the
item of appropriation to which the moneys were transferred.

(1.5) Repealed.

(2) The general assembly may reduce an agency's appropriations for the
fiscal year following the fiscal year in which the agency achieved the cost savings
by the amount of such cost savings if the general assembly determines that the
agency is no longer maintaining the measures the agency used to achieve the cost
savings or that such cost savings is sustainable for more than one fiscal year.
Except as otherwise provided in this subsection (2), the general assembly shall not
use a one-time cost savings an agency achieves in a given fiscal year to justify
reducing any item of appropriation or the total amount of appropriations the agency
may receive in the fiscal year following the fiscal year in which the agency achieved
the cost savings. However, nothing in this subsection (2) shall affect the general
assembly's authority to reduce an agency's appropriations for any reason other
than cost savings.

(3) Nothing in this section shall be construed to allow an agency to avoid any
power or duty required by law that otherwise applies to the agency's actions.

Legislative History

Source: L. 98: Entire article added, p. 1309, � 1, effective August 5. L. 2004: (1) amended and (1.5) added, p. 1239, � 1, effective August 4. L. 2012: (1.5) amended, (HB 12-1321), ch. 260, p. 1341, � 4, effective September 1. L. 2024: (1.5) repealed, (HB 24-1467), ch. 430, p. 3015, � 5, effective June 5.