(1.5) For the purposes of this section, an overexpenditure includes any instance in which the total expenditures charged to a specific line item of appropriation are in excess of the total spending authority appropriated for that line item and any instance in which sufficient cash or cash-exempt reserves have not been earned to cover related expenditures and there is no statutory fund balance to cover such expenditures.
Source: L. 87: Entire section added, p. 1105, § 1, effective July 1. L. 89: Entire section RC&RE, p. 1096, § 5, effective May 16. L. 91: Entire section amended, p. 850, § 5, effective April 27. L. 94: (6) amended, p. 1460, § 6, effective May 25; (1)(b), (1)(c), and (1)(c.5) amended, p. 2700, § 251, effective July 1. L. 99: (1.5) added and (6) amended, p. 697, § 6, effective May 19. L. 2002: (4) amended, p. 385, § 1, effective April 30; (1)(d) amended and (1)(e) added, p. 684, § 1, effective May 28. L. 2004: (3) and (6) amended, p. 1521, § 6, effective May 28. L. 2008: (1)(a.5) added, p. 459, § 1, effective April 14. L. 2009: (1)(a.6) added and (6) amended, (HB 09-1222), ch. 231, p. 1064, §§ 6, 7, effective May 4. L. 2010: (1)(a.6) amended, (HB 10-1422), ch. 419, p. 2088, § 80, effective August 11; (1)(c) amended, (HB 10-1119), ch. 340, p. 1575, § 11, effective August 11. L. 2014: (2)(c) added and (6) amended, (HB 14-1308), ch. 123, p. 440, § 5, effective April 18. L. 2020: (6) amended, (HB 20-1426), ch. 306, p. 1559, § 9, effective July 14.
Editor's note: Prior to the recreation of this section in 1989, subsection (5) provided for the repeal of this section, effective July 1, 1988. (See L . 87, p. 1105.)
Cross references: In 2010, subsection (1)(c) was amended by the "State Measurement for Accountable, Responsive, and Transparent (SMART) Government Act". For the short title, see section 1 of chapter 340, Session Laws of Colorado 2010.
Structure Colorado Code
§ 24-75-101. Deficiency in Revenue
§ 24-75-102. When Appropriations Expended - Balance
§ 24-75-103. Exceptions to Transfer of Balances
§ 24-75-104. Gifts and Bequests to State Institutions of Higher Education - Effect
§ 24-75-105. Transfers Required to Implement Conditional and Centralized Appropriations - Repeal
§ 24-75-107. Cash Fund Transfers Pursuant to Sections 24-75-105 and 24-75-106 - Repeal
§ 24-75-108. Intradepartmental Transfers Between Appropriations - Repeal
§ 24-75-110. Limitation on Judicial Department - Repeal
§ 24-75-112.5. Appropriation Clauses - General Provisions - Legislative Declaration - Definition
§ 24-75-113. 2010 Bills to Increase State Revenue - Prohibition on Hiring of New State Employees