Amendment 78: Legislative Authority for Spending State Money

 

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? 

What Your Vote Means

YES Vote

A “yes” vote on Amendment 78 requires that all state spending be allocated by the state legislature and that custodial money be deposited in and spent from a new fund.  

NO Vote

A “no” vote on Amendment 78 allows state agencies to continue spending custodial money and certain other money without appropriation by the state legislature.