The act directs the state treasurer to annually transfer no more than $3 million from the severance tax perpetual base fund to the species conservation trust fund. The act also directs the state treasurer to, beginning on June 30, 2027, annually transfer from the severance tax operational fund to the general fund the lesser of $14.2 million or the difference between the amount of severance tax revenue projected to be deposited in the operational fund in the current fiscal year and the amount appropriated from the operational fund for certain programs in the same fiscal year. The cash funds appropriation from the severance tax operational fund for the 2026-27 state fiscal year to the department of natural resources for use by the executive director's office for the species conservation trust fund is decreased by $3,000,000.(Note: This summary applies to this bill as enacted.)
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Current law requires an amount equivalent to the recorded depreciation or amortization of an information technology asset acquired, repaired, improved, replaced, renovated, or constructed with an appropriation from the information technology capital account in the capital construction fund based on the depreciation period (information technology annual depreciation-lease equivalent payment) to be credited and transferred to the information technology capital account within the capital construction fund. Current law also requires the state treasurer to transfer any unappropriated balances in the information technology capital account or any otherwise unexpended and unencumbered money remaining in the information technology capital account at the end of a fiscal year to the general fund. The act prohibits the state treasurer from transferring any money that was transferred, credited, or paid into the information technology capital account as an information technology annual depreciation-lease equivalent payment back to the general fund at the end of a fiscal year, for state fiscal years commencing on or after July 1, 2026.(Note: This summary applies to this bill as enacted.)
Under current law, the state treasurer is required to transfer $15 million from the limited gaming fund to the Colorado travel and tourism promotion fund at the end of each state fiscal year. Beginning at the end of the 2025-26 state fiscal year, and at the end of each state fiscal year thereafter, the act reduces the amount of the transfer from the limited gaming fund to the Colorado travel and tourism promotion fund to $14 million and requires a new annual transfer of $1 million from the limited gaming fund to the museum and preservation operations account within the state historical fund.(Note: This summary applies to this bill as enacted.)
The act establishes that if a managed care entity receives federal funds or state money from the department of health care policy and financing and pays those funds or that money to the department of human services, the funds or money received by the department of human services is not included in the calculation of state fiscal year spending.(Note: This summary applies to this bill as enacted.)
The act recreates a provision that authorizes the state to retain the percentage of reimbursement that is in excess of the 50% federal match received for certain medicaid services provided (enhanced federal financial participation) during the COVID-19 pandemic. The provision is repealed once the reconciliation of all reimbursements and payments for services delivered during the period of enhanced federal financial participation has been completed.(Note: This summary applies to this bill as enacted.)
Pursuant to existing law, a school district (district) may direct, by written instruction to the state board of education (board), that a specified portion of its monthly payment of the state's share of the district's total program for the budget year be paid to the department of labor and employment to cover the district's costs for participation in school-to-work alliance programs. The board is required to certify to the state treasurer on a monthly basis the amount, if any, to be transferred directly to the department of labor and employment instead of paid to the district. The act clarifies that the amount of money transferred from the state public school fund directly to the department of labor and employment for school-to-work alliance program costs instead of paid to a district is not state fiscal year spending for purposes of section 20 of article X of the state constitution.(Note: This summary applies to this bill as enacted.)
The act eliminates an annual transfer of $2.1 million from the limited gaming fund to the innovative higher education research fund.(Note: This summary applies to this bill as enacted.)
The act 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;$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: This summary applies to this bill as enacted.)
The act requires the state treasurer to make the following transfers to the general fund on June 30, 2026:$27,905,384 from the refinance discretionary account in the ARPA refinance state money cash fund;$4,085,246.49 from the revenue loss restoration cash fund;$1,974,702.20 from the economic recovery and relief cash fund;$1,005,850.24 from the behavioral and mental health cash fund; and$750,190.06 from the state highway fund. The act extends the deadline from December 31, 2026, to June 30, 2027, for the department of human services to spend money appropriated in 2022 from the behavioral and mental health cash fund for capital construction related to a youth neuro-psych facility at the Colorado mental health institute at Fort Logan. The act delays a corresponding transfer of money from the behavioral and mental health cash fund. The act reduces appropriations made in 2022 to the department of health care policy and financing by $800,000 and to the department of early childhood by $1,616,989.(Note: This summary applies to this bill as enacted.)
Current law requires the general assembly to annually appropriate $50,000 to provide vouchers to individuals living in rural and frontier communities in need of behavioral health-care services. The bill repeals the requirement to appropriate money for that purpose. The act:Repeals the requirement that the BHA contract with an independent third party to provide services and supports to behavioral health providers seeking to become behavioral health safety net providers;Repeals the building substance use disorder treatment capacity in underserved communities grant program;Repeals the recovery support services grant program;Transfers the balance of the high-risk families cash fund (fund) to the general fund and repeals the fund on July 1, 2026; andReduces appropriations to the behavioral health administration for the affected programs and services.(Note: This summary applies to this bill as enacted.)