Colorado § 43-1-112.5 - Establishment of annual allowable revenues and expenditures by general assembly.
Full text of Colorado Colorado Revised Statutes § 43-1-112.5 — Establishment of annual allowable revenues and expenditures by general assembly., with citation guidance and answers to common questions.
§ 43-1-112.5. Establishment of annual allowable revenues and expenditures by general assembly.
(1) The general assembly hereby finds and declares that:
(a) Section 20 of article X of the state constitution limits state fiscal year spending;
(b) Subject to certain exclusions specified in section 20 of article X of the state constitution, including the exclusion of collections for another government, as defined in section 24-77-102 (1), all state general fund expenditures and all state cash fund expenditures, including expenditures of the department and the commission, are included in the limitation on state fiscal year spending;
(c) The legislative powers of the general assembly, including but not limited to its plenary power of appropriation, authorize and require the general assembly to assure compliance with the limitation on state fiscal year spending and to make fundamental fiscal policy decisions establishing the level of activity of all departments and agencies of state government, including the department and the commission; and
(d) Consonant with the exercise of such legislative powers, the general assembly must establish limits on the revenues under the jurisdiction of and the expenditures of the department and the commission.
(2) For the 1993-94 fiscal year and fiscal years thereafter, the general assembly, in the general appropriation bill or by separate bill, shall prescribe the total amount of allowable revenues which may be collected and expenditures which may be made by the department and the commission for the fiscal year. The amounts prescribed by the general assembly pursuant to this subsection (2) shall be based upon the determination of the limitation on state fiscal year spending under section 20 of article X of the state constitution and upon decisions establishing the level of activity of all departments and agencies of state government, including the department and the commission.
Source: L. 93: Entire section added, p. 1512, § 15, effective June 6. L. 2024: (1)(b) amended, (HB 24-1469), ch. 359, p. 2441, § 4, effective June 3.
Cross references: For the legislative declaration in HB 24-1469, see section 1 of chapter 359, Session Laws of Colorado 2024.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 43-1-112.5
What does Colorado Revised Statutes § 43-1-112.5 cover?
Section 43-1-112.5 ("Establishment of annual allowable revenues and expenditures by general assembly.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 43-1-112.5?
A common citation format is "Colorado Revised Statutes § 43-1-112.5" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 43-1-112.5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
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