HB 26-1359

House Bill 26-1359, which has been signed into law, requires that a portion of money from natural resource royalties on public school lands be directed towards the state’s public school fund. Specifically, $25 million will go to the fund for the fiscal year starting July 1, 2025, and $45 million for the following fiscal year. This bill aims to provide additional funding for Colorado's public schools, benefiting students and educational programs across the state.

Official Summary

Joint Budget Committee. Under current law, with certain exceptions, royalties and other payments for the depletion or extraction of a natural resource on public school lands is credited to the public school fund, which is also known as the permanent fund.     The bill requires that:For the 2025-26 state fiscal year, $25 million of this money be credited to the state public school fund; andFor the 2026-27 state fiscal year, $45 million of this money be credited to the state public school fund.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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