HB 24-1395

House Bill 24-1395 delays the transfer of $20 million from marijuana tax revenues to a fund that helps public schools with construction projects. Instead of moving this money in June 2024, it will now happen in June 2026. This delay also means that the Department of Education won’t receive an additional $20 million for school construction needs during the fiscal year starting July 1, 2024. The bill has been signed into law and is effective as of April 18, 2024.

Official Summary

The act delays a $20 million transfer from the marijuana tax cash fund to the public school capital construction assistance fund from June 1, 2024, to June 1, 2026. The act reduces the appropriation to the department of education from the public school capital construction assistance fund for the 2024-25 state fiscal year by $20 million. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)

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