SB 25-293

Senate Bill 25-293, which has been signed into law, requires the state treasurer to transfer money from a special fund called the License Plate Cash Fund. On June 30, 2025, 40% of any leftover money in this fund will go to the general state budget and another 40% will be directed towards an account that supports vehicle services and highway projects. This affects how funds from license plate fees are used by the state government. Since it has been signed into law, these transfers are set to happen as scheduled unless further action is taken.

Official Summary

The act requires the state treasurer to transfer the following amounts from the license plate cash fund (fund) on June 30, 2025: 40% of the unexpended and unencumbered balance of the fund to the general fund; and 40% of the unexpended and unencumbered balance of the fund to the Colorado DRIVES vehicle services account in the highway users tax fund.(Note: This summary applies to this bill as enacted.)

Votes