HB 26-1399
signedEliminate General Fund Transfer to Multimodal Transportation Fund
Plain-English Summary
AI-generatedHouse Bill 26-1399 stops a yearly transfer of $10.5 million from Colorado's general fund to the multimodal transportation and mitigation options fund after July 1, 2025. This means that starting in 2026, the money won't be moved for transportation projects as it has been planned since 2024. The bill is now signed into law, so these transfers will no longer happen as originally intended by current laws. This affects how funds are allocated for transportation and could impact future infrastructure projects that rely on this funding source.
Official Summary
Under current law, the state treasurer is required to transfer $10.5 million from the general fund to the multimodal transportation and mitigation options fund every July 1 beginning on July 1, 2024, and ending on July 1, 2031. The act eliminates this annual transfer only for 2026, 2027, and 2028. The act decreases the cash funds appropriation from the multimodal transportation and mitigation options fund created in the annual general appropriation act for the 2026-27 state fiscal year made to the department of transportation for multimodal transportation projects by $10.5 million.(Note: This summary applies to this bill as enacted.)
Details
- Chamber
- House
- First action
- 2026-06-04
- Latest action
- 2026-04-02
- Last action desc.
- Introduced In House - Assigned to Appropriations
- OpenStates
- View source ↗
Sponsors
- Kyle Brown (sponsor) · Democratic
- Rick Taggart (sponsor) · Republican
- Judy Amabile (sponsor) · Democratic
- Barbara Kirkmeyer (sponsor) · Republican
- Emily Sirota (sponsor) · Democratic
- Jeff Bridges (sponsor) · Democratic
- Chad Clifford (cosponsor) · Democratic
- Monica Duran (cosponsor) · Democratic
- Rod Pelton (cosponsor) · Republican
Topics
Related Legislation
This bill affects (8)
Affected by (0)
None found.