HB 24-1418

House Bill 24-1418, which has been signed into law, directs the state treasurer to transfer money from one fund to another. Specifically, $4 million will be moved from the Hazardous Substance Site Response Fund to the Hazardous Substance Response Fund on May 1, 2024, and any remaining unspent funds will be transferred on May 1, 2025. This change affects how money is allocated for addressing hazardous substance issues in Colorado. Since it has been signed by the governor and is now effective, these transfers are set to occur as scheduled.

Official Summary

The act directs the state treasurer to transfer the money in the hazardous substance site response fund to the hazardous substance response fund through 2 transfers. The act requires the state treasurer to: Transfer $4 million to the hazardous substance response fund from the hazardous substance site response fund on May 1, 2024; and Transfer to the hazardous substance response fund the unexpended and unencumbered money in the hazardous substance site response fund on May 1, 2025. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)

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