HB 1401 CO
Transfers from Unclaimed Property Trust Fund
A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →
Summary
This bill directs the state treasurer to transfer $72.8 million from the unclaimed property trust fund to the general fund and $2.2 million to the housing development grant fund on June 30, 2026. Beginning July 1, 2026, the bill repeals the statutory authority for future transfers from the unclaimed property trust fund to the housing development grant fund and the adult dental fund. For fiscal year 2026-27, the bill appropriates $63.5 million from the general fund to the Department of Health Care Policy and Financing, with a corresponding decrease in appropriations from the adult dental fund, contingent on passage of the annual general appropriation act.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
On June 30, 2026, the state treasurer is required to transfer the following amounts from the unclaimed property trust fund (UPTF):$72.8 million to the general fund; and$2.2 million to the division of housing to be deposited into the housing development grant fund (grant fund). On July 1, 2026, the act repeals the statutory provisions that authorize future transfers from the UPTF to the grant fund and to the adult dental fund. For the 2026-27 state fiscal year, $63,491,322 is appropriated from the general fund to the department of health care policy and financing (HCPF), and an appropriation to HCPF from the adult dental fund is decreased by a corresponding amount. The appropriation takes effect only if the annual general appropriation act for the 2026-27 state fiscal year becomes law.(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
4 coauthors / cosponsors
- S. Camacho Democratic · cosponsor
- L. García Democratic · cosponsor
- J. Mabrey Democratic · cosponsor
- K. Nguyen Democratic · cosponsor
Action history (14)
- May 29, 2026 Governor Signed · executive
- May 28, 2026 Sent to the Governor · executive
- May 28, 2026 Signed by the President of the Senate · upper
- May 28, 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 6, 2026 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
- Apr 2, 2026 Introduced In House - Assigned to Appropriations · lower
Full text
The full text hasn’t been imported yet. CivicGate fetches it from the state legislature’s published version documents — check now.
Comments
Data from OpenStates. View on OpenStates →
Comments