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HB 1393 CO
Became Law

Maximum Reserve Requirement for Certain Cash Funds

CO · session 2026A · Assembly / House · bill

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Introduced Apr 2, 2026

Latest action (May 29, 2026) Introduced In House - Assigned to Appropriations

Summary

This bill modifies reserve requirements for two state cash funds: the public school construction and inspection cash fund and the health facility construction and inspection cash fund. The bill exempts these funds from annual limitations on the amount of uncommitted reserves they may hold. Instead, the funds become subject to maximum reserve requirements only if their uncommitted reserves exceed the allowable maximum for three consecutive fiscal years. This change allows these funds more flexibility in accumulating reserves under normal circumstances.

AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.

Official abstract

The act exempts the public school construction and inspection cash fund and the health facility construction and inspection cash fund from the annual limitations on the amount of uncommitted reserves that may be held in a cash fund (maximum reserve). Instead, those cash funds are subject to the same substantive maximum reserve requirements if the uncommitted reserves of the fund exceed the allowable maximum reserve for 3 consecutive fiscal years.(Note: This summary applies to this bill as enacted.)

Sponsors (6)
1 coauthor / cosponsor

Action history (14)
  1. May 29, 2026 Governor Signed · executive
  2. May 22, 2026 Sent to the Governor · executive
  3. May 22, 2026 Signed by the President of the Senate · upper
  4. May 22, 2026 Signed by the Speaker of the House · lower
  5. Apr 16, 2026 Senate Third Reading Passed - No Amendments · upper
  6. Apr 15, 2026 Senate Second Reading Special Order - Passed - No Amendments · upper
  7. Apr 14, 2026 Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
  8. Apr 13, 2026 Introduced In Senate - Assigned to Appropriations · upper
  9. Apr 11, 2026 House Third Reading Passed - No Amendments · lower
  10. Apr 10, 2026 House Third Reading Laid Over Daily - No Amendments · lower
  11. Apr 9, 2026 House Second Reading Special Order - Passed - No Amendments · lower
  12. Apr 8, 2026 House Second Reading Special Order - Laid Over Daily - No Amendments · lower
  13. Apr 6, 2026 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
  14. Apr 2, 2026 Introduced In House - Assigned to Appropriations · lower
Subjects
State Government

Full text

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