HB 24-1426

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.)

Votes