ColoradoState treasurer transfers money from special funds to general fund
Colorado’s state treasurer must move specified amounts and some unspent balances from dedicated program funds into the general fund on dates beginning in 2026.
What it does
The state treasurer must move specified amounts from many dedicated funds to the general fund during June and July 2026, while protecting money reserved for eligible children.
The state treasurer must also make scheduled transfers beginning in July 2026 and continuing through 2033 from technology, public safety, housing, severance tax, and other program funds.
Several provisions require the state treasurer to move unspent balances to the general fund on set dates, while leaving a stated amount for school bus grants.
Argument forMoving money to the general fund could give lawmakers more flexibility to pay for statewide services instead of leaving funds in separate accounts.
Argument againstRemoving money from dedicated funds could leave less available for grants, technology, clean water, housing loans, and other programs those funds support.
More detail
The state treasurer must transfer specified amounts from numerous special-purpose funds to the general fund. The transfers cover funds supporting programs such as workforce grants, child welfare records, college savings, technology, public safety, small businesses, clean water, and severance taxes. The transfers override conflicting rules in some fund statutes. Money designated for an eligible child must remain in the college kickoff program account. The transfers occur on June 12, June 28, June 30, or July 1, 2026, depending on the fund.
The state treasurer must make additional scheduled transfers from several program funds to the general fund. The schedules cover technology, public safety, housing, severance tax, mobile-home resident loans, and other state program funds. The mobile-home resident loan fund transfers $400,000 each June 30 from 2027 through 2033. Some transfer provisions are repealed after the listed transfer schedule ends. Some transfers occur July 1, 2026; others occur June 30, 2027, including recurring transfers through June 30, 2033.
The state treasurer must transfer certain unspent fund balances to the general fund. The balances come from decarbonization tax credits, federal infrastructure funding, child care development, controlled maintenance, and school bus electrification funds. The school bus fund transfer leaves $799,200 in the fund. The listed provisions generally transfer only money that is unspent and not committed. The transfers occur on June 30, 2026; June 30, 2027; June 30, 2028; or June 30, 2029, depending on the fund.
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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 4Governor Jared Polis SignedBecame Law
- Jun 3Signed by the Speaker of the HouseMajor
- Jun 3Signed by the President of the SenateMajor
- Jun 3Sent to the GovernorTo Governor
- Apr 28House Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass
- Vote recorded REPASS. Result: pass.Lower
- Vote recorded ADOPT. Result: pass.Lower
- Apr 24Senate Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass
- Vote recorded ADOPT CCR. Result: pass.Upper
- Vote recorded REPASS. Result: pass.Upper
- Apr 23
- Vote recorded Approve the first draft conference committee report of the first conference committee on H.B. 26-1405. Result: pass.Lower
- Apr 17House Considered Senate Amendments - Result was to Not Concur - Request Conference Committee
- Vote recorded NOT CNCR. Result: pass.Upper
- Vote recorded NOT CNCR. Result: pass.Lower
- Apr 16Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Upper
- Apr 15Senate Second Reading Special Order - Passed with Amendments - Committee, Floor
- Apr 14Senate Committee on Appropriations Refer Amended to Senate Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1405, as amended, to the Committee of the Whole. Result: pass.Upper
- Vote recorded Adopt amendment L.007. Result: pass.Upper
- Apr 13Introduced In Senate - Assigned to AppropriationsMinor
- Apr 11House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Apr 10House Third Reading Laid Over Daily - No Amendments
- Apr 9House Second Reading Special Order - Passed with Amendments - Floor
- Apr 8House Second Reading Special Order - Laid Over Daily - No Amendments
- Apr 7House Committee on Appropriations Refer Unamended to House Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1405 to the Committee of the Whole. Result: pass.Lower
- Apr 2Introduced In House - Assigned to AppropriationsIntroduced
Taxes & BudgetGovernment & EthicsEducation