(1)\nThe department of revenue shall maintain a record of:\n(a)\nAny amount of over-refund, as defined in section\n24-77-103.7 (1)\n, made in each fiscal year commencing on and after July 1, 2004; and\n(b)\nAny amount of state revenues in excess of the limitation on state fiscal year spending for any fiscal year commencing on or after July 1, 2004, that voters statewide did not authorize the state to retain and spend and that are required to be refunded pursuant to section 20 (7)(d) of article X of the state constitution, but that are not refunded by the state as required by the end of the next fiscal year.\n(2)\nThe amount of any over-refunds or unrefunded excess state revenues, as determined by the records maintained pursuant to subsection (1) of this section, for any fiscal year commencing on and after July 1, 2004, shall be disclosed in the state financial report required to be prepared by the controller pursuant to section\n24-77-106.5\nfor such fiscal year.\nL. 2005: Entire section added, p. 132, § 3, effective April 5.
Colorado Legal Code