HB 1363: Temporarily Reduce General Fund Reserve - Colorado

Final Act → Signed Act · 3 edits · Jun 4, 2026

MINOR

This bill amends the state's General Fund Reserve requirements, adjusting the percentage of funds that must be held back for future years and updating the specific fiscal years covered. It also modifies the conditions under which certain escrow funds can be released and includes technical corrections to statutory citations. These changes aim to refine the state's financial planning rules and ensure accurate legal references.

Scope change

The bill updates the specific fiscal years for which reserve percentage rules apply and adjusts the percentage thresholds for those years.

FISCAL

The required General Fund reserve percentage was updated for fiscal year 2025-26 and subsequent years, with specific adjustments to the calculation method involving escrow funds.

TIMELINE

The effective date for a specific subsection regarding escrow fund release conditions was clarified to take effect on January 1, 2026, contingent on a specific state condition being met.

TECHNICAL

Several statutory citations and section numbers were corrected to ensure they match the current Colorado Revised Statutes, and formatting inconsistencies were resolved.

Rerevised → Final Act · 3 edits · Jun 2, 2026

MINOR

This bill amends the state's General Fund reserve requirements by adjusting the percentage of funds that must be held back for future years. It lowers the reserve requirement to 13% for the 2026-27 fiscal year (instead of the previous 15%) and establishes a new 15% requirement for 2027-28 and beyond, which includes a specific exception for escrowed funds until a certain amount is released.

Scope change

The bill modifies the applicability of the reserve requirement across three specific fiscal years, changing the percentage from 15% to 13% for one year and adding a new provision for subsequent years.

REQUIREMENT

The reserve requirement for the 2026-27 fiscal year was changed from 15% to 13% of the appropriated amount.

A new requirement was added for the 2027-28 fiscal year and all future years to maintain a 15% reserve, with a specific exclusion for $41.25 million in escrow funds.

TIMELINE

The effective dates for the reserve percentages were adjusted to reflect the new fiscal year structure and the 2026 implementation date.

Revised → Rerevised · 3 edits · Apr 16, 2026

MINOR

The bill text was updated to reflect that it is now 'Rerevised' rather than 'Revised', indicating that additional amendments have been adopted by the Senate. The Senate sponsorship list was expanded to include two new sponsors, Ball and Kolker, while the original sponsors remain. Additionally, a new header was added to explicitly state that this version represents the 3rd Reading Unamended in the Senate as of April 16, 2026.

TECHNICAL

Added a header indicating the bill is 'Rerevised' and includes amendments adopted in the Second House.

Added a header specifying this is the '3rd Reading Unamended' version in the Senate dated April 16, 2026.

Updated the Senate sponsorship list to include two new sponsors, Ball and Kolker.

Reengrossed → Revised · 1 edit · Apr 15, 2026

MINOR

The bill was reclassified from 'Reengrossed' to 'Revised' to reflect that it includes amendments adopted during the second reading in the second house. The text of the bill itself remains substantively unchanged, with no modifications to funding amounts, effective dates, or legal requirements.

Scope change

None; the bill's scope and applicability remain exactly the same.

TECHNICAL

The header metadata was updated to change the bill status from 'Reengrossed' to 'Revised' and added a specific date (April 15, 2026) and a note about Senate amendments.

Engrossed → Reengrossed · 3 edits · Apr 11, 2026

MINOR

The bill was reengrossed to include all amendments adopted during the House of Introduction, updating the official title and sponsorship list. A new notice was added to inform readers that a specific summary for this reengrossed version will be available after the third reading, replacing the previous placeholder text.

TECHNICAL

The document title was updated from 'ENGROSSED' to 'REENGROSSED' to reflect that all House amendments have been incorporated.

The sponsorship list was updated to include 'Taggart' as a co-sponsor alongside Brown and Sirota.

The explanatory note regarding the bill summary was updated to specify that a new summary for the reengrossed version will be available on April 11, 2026, after the third reading.

Introduced → Engrossed · 2 edits · Apr 9, 2026

MINOR

The bill has progressed from its initial introduction to an engrossed version, meaning it has passed the House and includes all amendments adopted during the second reading. The most significant change is the addition of a specific date, April 9, 2026, which likely serves as a deadline for a provision related to health insurance affordability funds. Minor technical adjustments were made to the bill's page numbering and header formatting to reflect its new status.

Scope change

The bill's substantive scope and applicability appear unchanged, as the primary modifications are procedural updates indicating the bill has been amended and adopted by the House.

TIMELINE

Added the date April 9, 2026, likely establishing a deadline for a specific action or funding period related to the health insurance affordability cash fund.

TECHNICAL

Updated the bill header from 'Introduced' to 'Engrossed' and adjusted page numbering formats to reflect the bill's progression through the legislative process.

Temporarily Reduce General Fund Reserve

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