HB 1407 CO
State Money Used to Refinance American Rescue Plan Money
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Summary
This bill directs the state treasurer to transfer approximately $35.7 million from various American Rescue Plan-related and other state cash funds to the general fund on June 30, 2026, consolidating money that was previously held in separate dedicated accounts. The bill also extends the deadline for the Department of Human Services to spend 2022 appropriations for capital construction at the Colorado mental health institute at Fort Logan from December 31, 2026, to June 30, 2027, and correspondingly delays a related transfer from the behavioral and mental health cash fund. Additionally, the bill reduces 2022 appropriations to the Department of Health Care Policy and Financing by $800,000 and to the Department of Early Childhood by $1.6 million.
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 requires the state treasurer to make 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 act 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 act delays a corresponding transfer of money from the behavioral and mental health cash fund. The act reduces appropriations made in 2022 to the department of health care policy and financing by $800,000 and to the department of early childhood by $1,616,989.(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
1 coauthor / cosponsor
- T. Story Democratic · cosponsor
Action history (14)
- May 29, 2026 Governor Signed · executive
- May 22, 2026 Sent to the Governor · executive
- May 22, 2026 Signed by the President of the Senate · upper
- May 22, 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 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
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