SB 17-260
signedSeverance Tax Cash Fund Transfers To General Fund
Plain-English Summary
AI-generatedSenate Bill 17-260, which has been signed into law, requires that on June 30, 2018, $11.425 million each from two state funds related to severance taxes (the perpetual base fund and the operational fund) and $22.85 million from a local government severance tax fund be transferred to the general fund of Colorado. This transfer will help increase the state’s overall budget resources but reduces the amount available in these specific severance tax-related funds, which support various energy industry programs and local governments. Since it has been signed, this bill is now law and the required transfers are set to occur on the specified date unless further action changes it.
Official Summary
Joint Budget Committee. On June 30, 2018, the state treasurer is required to transfer the following amounts to the general fund:
$11.425 million from the severance tax perpetual base fund;
$11.425 million from the severance tax operational fund; and
$22.85 million from the local government severance tax fund.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Details
- Chamber
- Senate
- First action
- 2017-04-28
- Latest action
- 2017-03-27
- Last action desc.
- Introduced In Senate - Assigned to Appropriations
- OpenStates
- View source ↗
Related Legislation
This bill affects (3)
relatesSB 17-163(2017A)· signedSupplemental Appropriations Department of Human Services
relatesSB 17-050(2017A)· signedConsolidate Forest Risk And Health Grant Programs
relatesHB 17-1047(2017A)· signedReporting Requirements By Department of Local Affairs To General Assembly
Affected by (99)
amendsSB 23-139(2023A)· signedState Severance Tax Trust Fund Allocation
amendsHB 26-1387(2026A)· signedSeverance Tax Fund Expenditures
amendsHB 17-1116(2017A)· signedContinue Low-income Household Energy Assistance
amendsSB 22-013(2022A)· signedBoards And Commissions
amendsSB 25-317(2025A)· signedTransfer Cash Fund Investment Earnings to General Fund
amendsSB 23-250(2023A)· signedTransfer From Severance Tax Operations Cash Fund
amendsHB 18-1338(2018A)· signedReduced Revenue Severance Tax Operational Fund Transfers
amendsSB 24-127(2024A)· signedRegulate Dredged & Fill Material State Waters
amendsSB 23-285(2023A)· signedEnergy And Carbon Management Regulation In Colorado
amendsSB 25-040(2025A)· signedFuture of Severance Taxes & Water Funding Task Force
amendsSB 23-016(2023A)· signedGreenhouse Gas Emission Reduction Measures
amendsHB 24-1379(2024A)· signedRegulate Dredge & Fill Activities in State Waters
amendsHB 23-1103(2023A)· signedSeverance Tax Revenue Distribution
amendsHB 17-1321(2017A)· failedParks And Wildlife Financial Sustainability
amendsSB 25-037(2025A)· signedCoal Transition Grants
relatesHB 24-1367(2024A)· signedRepeal Severance Tax Exemption for Stripper Wells
relatesHB 26-1150(2026A)· signedDepartment of Agriculture Supplemental
relatesHB 26-1387(2026A)· signedSeverance Tax Fund Expenditures
relatesSB 25-104(2025A)· signedDepartment of Public Health & Environment Supplemental
relatesSB 25-100(2025A)· signedDepartment of Local Affairs Supplemental
relatesSB 25-256(2025A)· signedFunds for Support of Digital Trunked Radio System
relatesHB 25-1061(2025A)· signedCommunity Schoolyards Grant Program
relatesHB 26-1165(2026A)· signedDepartment of Public Health & Environment Supplemental
relatesHB 26-1161(2026A)· signedDepartment of Local Affairs Supplemental
relatesHB 26-1166(2026A)· signedDepartment of Public Safety Supplemental
relatesSB 23-177(2023A)· signed2023 Colorado Water Conservation Board Water Projects Appropriations
relatesHB 24-1194(2024A)· signedDepartment of Natural Resources Supplemental
relatesHB 24-1186(2024A)· signedDepartment of Higher Education Supplemental
relatesHB 24-1180(2024A)· signedDepartment of Agriculture Supplemental
relatesSB 24-127(2024A)· signedRegulate Dredged & Fill Material State Waters
relatesHB 24-1435(2024A)· signedColorado Water Conservation Board Projects
relatesHB 24-1379(2024A)· signedRegulate Dredge & Fill Activities in State Waters
relatesSB 25-088(2025A)· signedDepartment of Agriculture Supplemental
relatesHB 18-1162(2018A)· signedSupplemental Appropriation - Department Of Human Services
relatesHB 22-1175(2022A)· signedDepartment of Human Services Supplemental
relatesSB 22-195(2022A)· signedModifications To Conservation District Grant Fund
relatesHB 17-1373(2017A)· failedGeneral Fund Transfers For CO Colorado Energy Office Cash Funds
relatesSB 17-301(2017A)· signedEnergy-related Statutes
relatesSB 18-003(2018A)· signedColorado Energy Office
relatesHB 22-1391(2022A)· signedModifications To Severance Tax
relatesHB 22-1394(2022A)· signedFund Just Transition Community And Worker Supports
relatesHB 26-1405(2026A)· signedCash Fund Transfers to General Fund
relatesSB 23-118(2023A)· signedDepartment of Higher Education Supplemental
relatesSB 25-040(2025A)· signedFuture of Severance Taxes & Water Funding Task Force
relatesHB 22-1179(2022A)· signedDepartment of Public Health & Environment Supplemental
relatesSB 23-237(2023A)· signedTransfer To Water Plan Implementation Cash Fund
relatesHB 24-1410(2024A)· signedChanges to Just Transition Office
relatesSB 18-218(2018A)· signedColorado Water Conservation Board Construction Fund Project
relatesHB 22-1177(2022A)· signedDepartment of Natural Resources Supplemental
relatesHB 22-1174(2022A)· signedDepartment of Higher Education Supplemental
relatesSB 23-126(2023A)· signedDepartment of Natural Resources Supplemental
relatesSB 23-139(2023A)· signedState Severance Tax Trust Fund Allocation
relatesSB 23-238(2023A)· signedSmall Communities Water and Wastewater Grant Fund
relatesSB 23-250(2023A)· signedTransfer From Severance Tax Operations Cash Fund
relatesHB 17-1248(2017A)· signedColorado Water Conservation Board Construction Fund Project
relatesHB 17-1257(2017A)· signedReporting Requirements By Department Of Natural Resources To General Assembly
relatesSB 23-128(2023A)· signedDepartment of Public Health & Environment Supplemental
relatesSB 23-124(2023A)· signedDepartment of Local Affairs Supplemental
relatesHB 24-1192(2024A)· signedDepartment of Local Affairs Supplemental
relatesHB 24-1196(2024A)· signedDepartment of Public Health & Environment Supplemental
relatesSB 24-135(2024A)· signedModification of State Agency & Department Reporting Requirements
relatesHB 26-1362(2026A)· signedRepeal Decarbonization Tax Credits Administration Fund
relatesSB 17-259(2017A)· signedGeneral Fund Transfers Protect Natural Resources
relatesHB 17-1278(2017A)· failedInsurance Premium Tax Deposit To Local Firefighter Fund
relatesSB 24-174(2024A)· signedSustainable Affordable Housing Assistance
relatesSB 25-094(2025A)· signedDepartment of Higher Education Supplemental
relatesSB 25-102(2025A)· signedDepartment of Natural Resources Supplemental
relatesSB 25-283(2025A)· signedFunding Water Conservation Board Projects
relatesSB 25-262(2025A)· signedChanges to Money in the Capital Construction Fund
relatesHB 26-1156(2026A)· signedDepartment of Higher Education Supplemental
relatesHB 26-1163(2026A)· signedDepartment of Natural Resources Supplemental
relatesHB 22-1133(2022A)· signedFamily And Medical Leave Insurance Fund
relatesHB 23-1103(2023A)· signedSeverance Tax Revenue Distribution
relatesSB 23-112(2023A)· signedDepartment of Agriculture Supplemental
relatesHB 23-1272(2023A)· signedTax Policy That Advances Decarbonization
relatesSB 23-285(2023A)· signedEnergy And Carbon Management Regulation In Colorado
relatesSB 26-142(2026A)· signedDevelopment of Thermal Energy Resources
repealsSB 25-307(2025A)· signedDecarbonization Tax Credits Administration Cash Fund
repealsHB 18-1338(2018A)· signedReduced Revenue Severance Tax Operational Fund Transfers
repealsSB 17-301(2017A)· signedEnergy-related Statutes
repealsSB 24-214(2024A)· signedImplement State Climate Goals
repealsHB 26-1405(2026A)· signedCash Fund Transfers to General Fund
repealsHB 26-1362(2026A)· signedRepeal Decarbonization Tax Credits Administration Fund
repealsSB 25-317(2025A)· signedTransfer Cash Fund Investment Earnings to General Fund
repealsSB 25-283(2025A)· signedFunding Water Conservation Board Projects
repealsHB 23-1121(2023A)· signedRepeal Of Infrequently Used Tax Expenditures
repealsSB 25-264(2025A)· signedCash Fund Transfers to the General Fund
Votes
Refer Senate Bill 17-260 to the Committee of the Whole. The motion passed on a vote of 10-3.
2017-04-04 · House · pass — Yes: 10 · No: 3 · Other: —
Refer Senate Bill 17-260 to the Committee of the Whole and consent calendar. The motion passed on a vote of 7-0.
2017-04-04 · House · pass — Yes: 7 · No: 0 · Other: —