Ballot Title Setting Board
2021-2022

The title as designated and fixed by the Board is as follows:

An amendment to the Colorado Constitution and a change to the Colorado Revised Statutes concerning money that the state receives, and, in connection therewith, requiring all money received by the state, including money provided to the state for a particular purpose, known as custodial money, to be subject to appropriation by the general assembly after a public hearing; repealing the authority to disburse money from the state treasury by any other means; requiring all custodial money to be deposited into the newly created custodial funds transparency fund and the earnings on those deposits to be transferred to the general fund; and allowing the state to retain and spend all custodial money and earnings and revenue on that custodial money as a voter-approved revenue change.

The ballot title and submission clause as designated and fixed by the Board is as follows:

Shall there be an amendment to the Colorado Constitution and a change to the Colorado Revised Statutes concerning money that the state receives, and, in connection therewith, requiring all money received by the state, including money provided to the state for a particular purpose, known as custodial money, to be subject to appropriation by the general assembly after a public hearing; repealing the authority to disburse money from the state treasury by any other means; requiring all custodial money to be deposited into the newly created custodial funds transparency fund and the earnings on those deposits to be transferred to the general fund; and allowing the state to retain and spend all custodial money and earnings and revenue on that custodial money as a voter-approved revenue change?

Hearing April 7, 2021

Single subject approved; staff draft amended; titles set.
The Board determined that this proposed initiative adds language to the Colorado Constitution and will require a 55% vote to pass.
The Board made a technical correction to the text of the initiative.
Board Members: Theresa Conley, Julie Pelegrin, David Powell
Hearing adjourned 2:28 PM.

* Unofficially captioned "Requirements for Spending Custodial Money" by legislative staff for tracking purposes. This caption is not part of the titles set by the Board.