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CO HB1407

CO HB1407
State Money Used to Refinance American Rescue Plan Money


summary

Introduced
04/02/2026
In Committee
04/14/2026
Crossed Over
04/13/2026
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

Joint Budget Committee. The bill makes 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 bill 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 bill delays a corresponding transfer of money from the behavioral and mental health cash fund. The bill reduces appropriations to the department of health care policy and financing and the department of early childhood.

AI Summary

This bill directs the state treasurer to transfer specific amounts of money from various cash funds to the general fund on June 30, 2026, including approximately $27.9 million from the ARPA (American Rescue Plan Act) refinance state money cash fund, $4.1 million from the revenue loss restoration cash fund, $2 million from the economic recovery and relief cash fund, $1 million from the behavioral and mental health cash fund, and $750,190 from the state highway fund; these transfers represent money that did not originate from the federal coronavirus state fiscal recovery fund. Additionally, the bill extends the deadline for the Department of Human Services to spend money appropriated in 2022 for capital construction related to a youth neuro-psych facility at the Colorado Mental Health Institute at Fort Logan from December 31, 2026, to June 30, 2027, which delays a corresponding transfer of funds from the behavioral and mental health cash fund, and it also reduces appropriations to the Department of Health Care Policy and Financing and the Department of Early Childhood.

Committee Categories

Budget and Finance

Sponsors (7)

Last Action

Senate Third Reading Passed - No Amendments (on 04/16/2026)

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