HB 26-1402

House Bill 26-1402 is a Colorado state law that was recently signed into effect. It requires the state treasurer to transfer specific amounts of money from various funds to the capital construction fund and an information technology account within it on July 1, 2026. The transfers include $131 million from the general fund and smaller amounts from other funds, totaling over $14 million, which will be used for capital projects and IT upgrades, particularly for the Colorado State Patrol. Since the bill has been signed, these financial moves are set to happen as planned unless changed by future legislation.

Official Summary

Joint Budget Committee. The bill requires that the state treasurer make the following transfers of money on July 1, 2026:$131,514,555 from the general fund to the capital construction fund;$3,420,943 from the general fund to the information technology capital account in the capital construction fund;$500,000 from the general fund exempt account to the capital construction fund; and $1,748,863 from the community impact cash fund to the information technology capital account in the capital construction fund; $587,318 from the motor carrier safety fund to the information technology capital account in the capital construction fund to be used for a records utilization upgrade for the Colorado state patrol; and $1,976,782 from the motorcycle operator safety training fund to the information technology capital account in the capital construction fund to be used for a records utilization upgrade for the Colorado state patrol.(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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