HB 26-1370

House Bill 26-1370 changes how money from Colorado's limited gaming fund is distributed. Starting in the fiscal year 2025-2026, instead of transferring $15 million to the travel and tourism promotion fund each year, it will transfer $14 million there and add a new $1 million transfer to an account that supports museums and historical preservation. The bill has been signed into law, meaning these changes are now official and will be implemented as described.

Official Summary

Joint Budget Committee. Under current law, the state treasurer is required to transfer $15 million from the limited gaming fund to the Colorado travel and tourism promotion fund at the end of each state fiscal year. Beginning in the 2025-26 state fiscal year, the bill reduces the amount of the annual transfer from the limited gaming fund to the Colorado travel and tourism promotion fund to $14 million and requires a new annual transfer of $1 million from the limited gaming fund to the museum and preservation operations account within the state historical fund.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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