STATE OF COLORADO
DEPARTMENT OF THE TREASURY

Walker R. Stapleton						                                       Brett J. Johnson
  State Treasurer						                                                   Deputy Treasurer

Justification of Emergency Status

When Senate Bill 12-150 was signed on May 24, 2012, it provided the Treasurer 90 days to promulgate a State Public Finance Policy. In order to meet that deadline of 90 days, the Treasurer would have had to begin the permanent rule-making process a full 9 days before the bill was even signed. Due to those circumstances, we are in a position of needing to file with the emergency rulemaking process, and intend to file with the permanent procedure soon after.