Colorado Code § 43-1-112.5

Establishment of annual allowable revenues and expenditures by general assembly
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(1) The general assembly hereby finds and declares that:
(a) Section 20 of article X of the state constitution limits state fiscal year spending;
(b) Subject to certain exclusions specified in section 20 of article X of the state
constitution, including the exclusion of collections for another government, as defined in section
24-77-102 (1), all state general fund expenditures and all state cash fund expenditures, including
expenditures of the department and the commission, are included in the limitation on state fiscal
year spending;
(c) The legislative powers of the general assembly, including but not limited to its
plenary power of appropriation, authorize and require the general assembly to assure compliance
with the limitation on state fiscal year spending and to make fundamental fiscal policy decisions
establishing the level of activity of all departments and agencies of state government, including
the department and the commission; and
(d) Consonant with the exercise of such legislative powers, the general assembly must
establish limits on the revenues under the jurisdiction of and the expenditures of the department
and the commission.
(2) For the 1993-94 fiscal year and fiscal years thereafter, the general assembly, in the
general appropriation bill or by separate bill, shall prescribe the total amount of allowable
revenues which may be collected and expenditures which may be made by the department and
the commission for the fiscal year. The amounts prescribed by the general assembly pursuant to
this subsection (2) shall be based upon the determination of the limitation on state fiscal year
spending under section 20 of article X of the state constitution and upon decisions establishing
the level of activity of all departments and agencies of state government, including the
department and the commission.

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