Colorado § 24-77-108 Creation of a new fee-based enterprise

Colorado Statutes

§ 24-77-108 — Creation of a new fee-based enterprise

Colorado·Title 24 Government·Art. State Fiscal Policies Relating to Section 20

In order to provide transparency and oversight to government mandated fees the People of the State of Colorado find and declare that:

(1)A state enterprise qualified or created after January 1, 2021, as defined under Colo. Const. Art. X, section 20(2)(d), shall not receive more than $100,000,000 in revenue from fees and surcharges in its first five fiscal years unless approved at a statewide general election. If a state enterprise has collected one hundred million dollars ($100,000,000) in fees and surcharges within its first five fiscal years prior to receiving voter approval, the state enterprise shall stop collecting fees and surcharges. Ballot titles for enterprises shall begin, SHALL AN ENTERPRISE BE CREATED TO COLLECT REVENUE TOTALING (full dollar collection for first five

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In order to provide
transparency and oversight to government mandated fees the People of the State
of Colorado find and declare that:

(1) A state enterprise qualified or created after January 1, 2021, as defined
under Colo. Const. Art. X, section 20(2)(d), shall not receive more than $100,000,000
in revenue from fees and surcharges in its first five fiscal years unless approved at
a statewide general election. If a state enterprise has collected one hundred million
dollars ($100,000,000) in fees and surcharges within its first five fiscal years prior
to receiving voter approval, the state enterprise shall stop collecting fees and
surcharges. Ballot titles for enterprises shall begin, SHALL AN ENTERPRISE BE
CREATED TO COLLECT REVENUE TOTALING (full dollar collection for first five
fiscal years) IN ITS FIRST FIVE YEARS...?

(2) Revenue collected for enterprises created simultaneously or within the
five preceding years serving primarily the same purpose shall be aggregated in
calculating the applicability of this section.

(3) For the purposes of applying the requirements of subsections (1) and (2)
of this section:

(a) Enterprises serve primarily the same purpose when they provide the same
services in the same geographic area; and

(b) The first five fiscal years of a state enterprise for the purpose of
calculating the one hundred million dollar amount set forth in subsection (1) are the
first five state fiscal years since the creation or first qualification of the enterprise.

Colorado § 24-77-108 (Creation of a new fee-based enterprise) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: Initiated 2020: Entire section added, Proposition 117, effective upon proclamation of the Governor, effective December 31, 2020. See L. 2021, p. 4224. L. 2022: (1) amended and (3) added, (HB 22-1400), ch. 414, p. 2923, � 4, effective June 7.