ColoradoChanges to Money in the Capital Construction Fund
What it does
For state fiscal years commencing on or after July 1, 2025, the act requires that:
More detail
The state treasurer transfer any unappropriated balances or otherwise unexpended and unencumbered money remaining in the capital construction fund (fund) or the information technology capital account of the fund (IT subaccount), or any otherwise unexpended and unencumbered money remaining in the fund or the IT subaccount at the end of a fiscal year to the general fund; All unexpended or unencumbered money from an appropriation from the fund or the IT subaccount to a state agency or state institution of higher education reverts to the general fund at the end of the period for which the money is appropriated; and All interest and income derived from the deposit and investment of money in the fund and the IT subaccount be credited to the general fund.
The act also requires the state treasurer to make the following transfers on July 1, 2025:
$129,498,033 from the general fund to the fund; $500,000 from the general fund exempt account of the general fund to the fund; $20,557,433 from the general fund to the IT subaccount; and $3,230,000 from the marijuana tax cash fund to the IT subaccount.(Note: This summary applies to this bill as enacted.)
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jun 3Governor Jared Polis SignedBecame Law
- May 8Signed by the President of the Senate
- May 8Signed by the Speaker of the House
- May 8Sent to the GovernorTo Governor
- Apr 23House Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass
- Vote recorded ADOPT. Result: pass.Lower
- Vote recorded REPASS. Result: pass.Upper
- Vote recorded ADOPT CCR. Result: pass.Upper
- Vote recorded REPASS. Result: pass.Lower
- Apr 23Senate Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass
- Apr 15
- Vote recorded BYD SCP. Result: pass.Lower
- Apr 11Senate Considered House Amendments - Result was to Not Concur - Request Conference Committee
- Vote recorded NOT CONCUR APPT CC. Result: pass.Upper
- Apr 10House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Apr 9House Second Reading Special Order - Passed with Amendments - Committee, Floor
- Apr 8House Committee on Appropriations Refer Amended to House Committee of the WholeMinor
- Apr 3Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Upper
- Apr 3Introduced In House - Assigned to AppropriationsMinor
- Apr 2Senate Second Reading Special Order - Passed with Amendments - Committee, Floor
- Apr 1Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the WholeMinor
- Mar 31Introduced In Senate - Assigned to AppropriationsIntroduced