Colorado HB1178 modifies conditions for overexpenditures by state departments, including federal appropriation lapses.

Colorado HB1178 amends the conditions under which state departments, institutions, or agencies can exceed their appropriations. The bill allows overexpenditures if they are necessary due to unforeseen circumstances or a reasonably likely lapse in federal appropriations while the general assembly is not in session. It also requires the Joint Budget Committee to introduce a supplemental appropriation for any overexpenditure. If such a supplemental appropriation is enacted, the controller's spending restriction is released, and the department's overexpenditure authority ends.

Colorado HB1178 modifies conditions for overexpenditures by state departments, including federal appropriation lapses.

Colorado HB1178 amends the conditions under which state departments, institutions, or agencies can exceed their appropriations. The bill allows overexpenditures if they are necessary due to unforeseen circumstances or a reasonably likely lapse in federal appropriations while the general assembly is not in session. It also requires the Joint Budget Committee to introduce a supplemental appropriation for any overexpenditure. If such a supplemental appropriation is enacted, the controller's spending restriction is released, and the department's overexpenditure authority ends.