Bill > SB225

This bill modifies the current law regarding transfers from the Limited Gaming Fund to the Advanced Industries Acceleration Cash Fund specifically for the 2025-26 state fiscal year. Currently, state law requires a transfer of $5.5 million annually to this fund, but the bill temporarily reduces that amount to $1.84 million for the 2025-26 fiscal year only. The reduction is a one-time change, with a built-in provision that automatically repeals this modification on July 1, 2027. The bill follows standard legislative procedure, taking effect after the 90-day period following the General Assembly's final adjournment, with a potential referendum option that would require voter approval in the November 2026 election if challenged. The Advanced Industries Acceleration Cash Fund is a state fund designed to support innovative industries and economic development in Colorado, and this bill represents a temporary adjustment to its funding mechanism through the Limited Gaming Fund, which derives revenue from state-authorized casino gaming.

Budget and Finance

https://leg.colorado.gov/bills/sb25-225