HB 26-1393
signedMaximum Reserve Requirement for Certain Cash Funds
Plain-English Summary
AI-generatedHB 26-1393 is a Colorado bill that changes how certain funds, specifically those for public school construction and health facility construction, are managed. Instead of having an annual limit on the amount they can keep in reserve, these funds will only need to reduce their reserves if they exceed a maximum level for three years in a row. The governor has signed this bill into law, meaning it is now official state policy. This affects how money is handled and potentially saved in these construction funds over multiple years.
Official Summary
The act exempts the public school construction and inspection cash fund and the health facility construction and inspection cash fund from the annual limitations on the amount of uncommitted reserves that may be held in a cash fund (maximum reserve). Instead, those cash funds are subject to the same substantive maximum reserve requirements if the uncommitted reserves of the fund exceed the allowable maximum reserve for 3 consecutive fiscal years.(Note: This summary applies to this bill as enacted.)
Details
- Chamber
- House
- First action
- 2026-05-29
- Latest action
- 2026-04-02
- Last action desc.
- Introduced In House - Assigned to Appropriations
- OpenStates
- View source ↗
Related Legislation
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Affected by (5)
amendsHB 26-1059(2026A)· signedCost Recovery Cash Fund Consolidation
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amendsHB 26-1426(2026A)· signedDepartment of Law Legislative Report
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Votes
BILL
2026-04-16 · House · pass — Yes: — · No: — · Other: —
Refer House Bill 26-1393 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.
2026-04-14 · Senate · pass — Yes: — · No: — · Other: —
Refer House Bill 26-1393 to the Committee of the Whole.
2026-04-06 · House · pass — Yes: — · No: — · Other: —