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

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 at the end of the 2025-26 state fiscal year, and at the end of each state fiscal year thereafter, the act reduces the amount of the 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 this bill as enacted.)

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