HB 1396 CO
Disaster Emergency Fund Changes
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Summary
This bill establishes new procedures and limits for Colorado's disaster emergency fund. It requires the office of state planning and budgeting to report quarterly to the joint budget committee on disasters that have closed and the unencumbered money returned to their original sources. The bill sets closure timelines of three years for federally declared disasters and eight years for state-only disasters, and caps the maximum annual unencumbered balance at $200 million, with any excess transferred to the general fund starting August 12, 2026, and annually thereafter on June 30.
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 makes the following changes to the disaster emergency fund:Requires the office of state planning and budgeting (office) to include in its quarterly reports to the joint budget committee an identification of disasters that have been closed out and the amount of unencumbered money that the office has transferred back to its original source;Institutes a timeline for closing out a disaster based on the type of disaster, 3 years for a federally declared disaster or 8 years for a state-only disaster; andLimits the annual maximum unencumbered balance of the disaster emergency fund to $200,000,000 and directs the office to transfer money in excess of that amount to the general fund after August 12, 2026, and on June 30 each year thereafter.(Note: This summary applies to this bill as enacted.)
Sponsors (6)
- K. Brown Democratic · sponsor
- R. Taggart Republican · sponsor
- J. Amabile Democratic · sponsor
- B. Kirkmeyer Republican · sponsor
- E. Sirota Democratic · sponsor
- J. Bridges Democratic · sponsor
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 - Consent Calendar 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
Full text
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