HB 1359 CO

Became Law

Credit State Public School Fund from Natural Resources

CO · session 2026A · Assembly / House · bill

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Introduced Apr 2, 2026

Latest action (Jun 1, 2026) Introduced In House - Assigned to Appropriations

Summary

This bill would require specific amounts of royalties and payments from natural resource extraction on public school lands to be credited to the Colorado state public school fund (permanent fund). For the 2025-26 fiscal year, $25 million would be credited to the fund, and for the 2026-27 fiscal year, $45 million would be credited. The measure increases funding to the permanent school fund from natural resource revenues.

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

Official abstract

Under current law, with certain exceptions, royalties and other payments for the depletion or extraction of a natural resource on public school lands is credited to the state public school fund, which is also known as the permanent fund. The act requires that:For the 2025-26 state fiscal year, $25 million of this money be credited to the state public school fund; andFor the 2026-27 state fiscal year, $45 million of this money be credited to the state public school fund.(Note: This summary applies to this bill as enacted.)

Sponsors (6)

E. Sirota Democratic · sponsor
R. Taggart Republican · sponsor
J. Bridges Democratic · sponsor
B. Kirkmeyer Republican · sponsor
K. Brown Democratic · sponsor
J. Amabile Democratic · sponsor

1 coauthor / cosponsor

C. Kolker Democratic · cosponsor

Action history (14)

Jun 1, 2026 Governor Signed · executive
May 26, 2026 Sent to the Governor · executive
May 26, 2026 Signed by the President of the Senate · upper
May 26, 2026 Signed by the Speaker of the House · lower
Apr 16, 2026 Senate Third Reading Passed - No Amendments · upper
Apr 15, 2026 Senate Second Reading Special Order - Passed - No Amendments · upper
Apr 14, 2026 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
Apr 13, 2026 Introduced In Senate - Assigned to Appropriations · upper
Apr 11, 2026 House Third Reading Passed - No Amendments · lower
Apr 10, 2026 House Third Reading Laid Over Daily - No Amendments · lower
Apr 9, 2026 House Second Reading Special Order - Passed - No Amendments · lower
Apr 8, 2026 House Second Reading Special Order - Laid Over Daily - No Amendments · lower
Apr 7, 2026 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
Apr 2, 2026 Introduced In House - Assigned to Appropriations · lower

Subjects

Education & School Finance (Pre & K-12)

Full text

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