HB 26-1399

House 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

Joint Budget Committee. 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 bill eliminates future transfers after the July 1, 2025, transfer. this annual transfer for July 1, 2026, only.(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Topics

Votes