HB 18-1340

House Bill 18-1340, which has been signed into law, allocates money from Colorado's general fund to various infrastructure projects. The bill transfers over $71 million for capital construction and nearly $500 million specifically for state highways if another related bill fails to pass. This funding will support improvements in transportation, technology, and historical preservation across the state, benefiting counties, municipalities, and multimodal transportation options. Since it has been signed, these financial allocations are now official and will be used as planned by the state government.

Official Summary

Joint Budget Committee. For the 2018-19 fiscal year, the bill transfers: $71,431,345 from the general fund to the capital construction fund; $15,206,760 from the general fund to the information technology capital account of the capital construction fund; $500,000 from the general fund exempt account of the general fund to the capital construction fund; $30 million from the general fund to the controlled maintenance trust fund; $150,000 from the preservation grant program account of the state historical fund for historical property rehabilitation in the capitol complex; and $495 million from the general fund to the state highway fund if Senate Bill 18-001 does not pass. Of this amount, 25% is allocated to counties, 25% is allocated to municipalities, and 15% is allocated to the multimodal transportation options fund created in the bill.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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