Bill > SB311

This bill addresses the management of inactive cash funds in Colorado by requiring the Office of the State Controller to transfer the balance of any repealed cash funds to the General Fund on June 30, 2025, and each June 30 thereafter. The bill defines an inactive cash fund as one that has had no activity for two consecutive state fiscal years, excluding interest and income deposits. By November 1, 2025, and each subsequent November 1, the State Controller must submit a report to the Joint Budget Committee identifying these inactive cash funds, their balances, and the total amount transferred to the General Fund in the previous fiscal year. This legislation aims to streamline state financial management by consolidating unused funds and providing transparency about cash fund activity, potentially helping to optimize state financial resources and reduce unnecessary fund maintenance.