HB 26-1368

House Bill 26-1368, which has been signed into law, stops a yearly transfer of $2.1 million from Colorado's limited gaming fund to the innovative higher education research fund. This change means that money intended for higher education research will no longer come from this specific gaming fund starting in the next fiscal year. The bill affects both the state’s gaming industry and institutions involved in higher education research, as it alters how funds are allocated between these sectors. Since the bill is signed, it has become law and the transfer of funds will cease as planned.

Official Summary

Joint Budget Committee. Under current law, the state treasurer is required to annually transfer $2.1 million from the limited gaming fund to the innovative higher education research fund.     The bill eliminates the transfer.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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