ColoradoLaw caps the legislative department reserve and transfers money
The law sends unspent legislative department money to a capped reserve and directs a one-time $12.7 million transfer to the General Fund.
What it does
Unspent legislative department money goes into a reserve, up to a limit that starts at $8 million and adjusts with legislative department appropriations.
The law directs a one-time transfer of $12,674,766 from the legislative department reserve to the General Fund.
Interest and investment income from the legislative department fund and its redistricting accounts goes to the General Fund.
Argument forKeeping a reserve for safety, building access, and emergencies could help the legislative department handle major or unexpected costs.
Argument againstSending money above the limit to the General Fund could leave the legislative department with a smaller reserve for future expenses.
More detail
The state treasurer transfers unspent legislative department money to the cash fund, within its limit. This applies to General Fund money appropriated to the legislative department that remains unspent or uncommitted at the end of a state fiscal year. The transfer cannot raise the fund balance above its limit. Redistricting account money and gifts, grants, and donations do not count toward that limit. The $8 million limit applies to the fiscal year beginning July 1, 2025, and adjusts for each later fiscal year. Transfers happen at the close of each fiscal year.
The state treasurer transfers $12,674,766 from the cash fund to the General Fund. The transfer comes from the legislative department cash fund and goes to the state General Fund. The transfer is scheduled for June 30, 2026. This subsection is repealed effective July 1, 2027.
The state treasurer credits interest and investment income from the fund to the General Fund. This covers the legislative department cash fund, including its congressional and state legislative redistricting accounts. This applies to state fiscal years beginning on or after July 1, 2025.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 1Governor Jared Polis SignedBecame Law
- May 28Signed by the Speaker of the HouseMajor
- May 28Signed by the President of the SenateMajor
- May 28Sent to the GovernorTo Governor
- Apr 14House Considered Senate Amendments - Result was to Concur - Repass
- Vote recorded REPASS. Result: pass.Upper
- Vote recorded CONCUR. Result: pass.Upper
- Vote recorded REPASS. Result: pass.Lower
- Vote recorded CONCUR. Result: pass.Lower
- Apr 13Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Upper
- Apr 10Senate Committee on Appropriations Refer Amended to Senate Committee of the WholeMinor
- Vote recorded Adopt amendment L.002. Result: pass.Upper
- Vote recorded Refer House Bill 26-1332, as amended, to the Committee of the Whole. Result: pass.Upper
- Apr 10Senate Second Reading Special Order - Passed with Amendments - Committee
- Mar 27Introduced In Senate - Assigned to AppropriationsMinor
- Mar 24House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Mar 23House Second Reading Special Order - Passed with Amendments - Floor
- Mar 20House Committee on Appropriations Refer Unamended to House Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1332 to the Committee of the Whole. Result: pass.Lower
- Mar 12Introduced In House - Assigned to AppropriationsIntroduced
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