CatallaxCore
← Back to bills

HB 24-1426

signed

Controlled Maintenance Trust Fund Transfer

Plain-English Summary

AI-generated

House Bill 24-1426, which has been approved and is now in effect, requires the state treasurer to move any leftover money from a fund called the Controlled Maintenance Trust Fund into the general fund by July 31, 2024. This means that any unused funds in this specific trust will be available for broader state spending needs starting next year. The bill affects how state finances are managed and ensures that unspent funds are put to use rather than remaining idle. Since it has been signed into law, the transfer of these funds is now a scheduled event with clear deadlines.

Official Summary

The act requires the state treasurer to transfer all unexpended and unencumbered money in the controlled maintenance trust fund on July 31, 2024, to the general fund. APPROVED by Governor April 29, 2024 EFFECTIVE April 29, 2024(Note: This summary applies to this bill as enacted.)

Details

Chamber
House
First action
2024-04-29
Latest action
2024-03-25
Last action desc.
Introduced In House - Assigned to Appropriations
OpenStates
View source ↗

Sponsors

Related Legislation

This bill affects (5)

relates
HB 18-1340(2018A)· signed
Transfers Of Money For State's Infrastructure
relates
SB 17-263(2017A)· signed
Capital-related Transfers Of Money
relates
HB 22-1340(2022A)· signed
Capital-related Transfers Of Money
relates
HB 24-1399(2024A)· signed
Discounted Care for Indigent Patients
relates
HB 24-1425(2024A)· signed
Transfers for Capital Construction

Affected by (3)

amends
HB 26-1406(2026A)· signed
Repeal Capital Construction Funding Requirements
relates
HB 26-1405(2026A)· signed
Cash Fund Transfers to General Fund
relates
HB 24-1425(2024A)· signed
Transfers for Capital Construction

Votes

BILL
2024-04-05 · Senate · pass — Yes: 23 · No: 2 · Other: —
BILL
2024-04-01 · House · pass — Yes: 49 · No: 15 · Other: —