HB 1387 CO
Severance Tax Fund Expenditures
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Summary
This bill makes several changes to Colorado's severance tax fund expenditures. It directs the state treasurer to transfer no more than $3 million annually from the severance tax perpetual base fund to the species conservation trust fund. Beginning June 30, 2027, it requires annual transfers from the severance tax operational fund to the general fund based on severance tax revenue and appropriations, capped at $14.2 million or calculated based on revenue and spending in the same fiscal year, whichever is less. The bill also reduces the appropriation to the Department of Natural Resources from the severance tax operational fund by $3 million for fiscal year 2026-27.
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 directs the state treasurer to annually transfer no more than $3 million from the severance tax perpetual base fund to the species conservation trust fund. The act also directs the state treasurer to, beginning on June 30, 2027, annually transfer from the severance tax operational fund to the general fund the lesser of $14.2 million or the difference between the amount of severance tax revenue projected to be deposited in the operational fund in the current fiscal year and the amount appropriated from the operational fund for certain programs in the same fiscal year. The cash funds appropriation from the severance tax operational fund for the 2026-27 state fiscal year to the department of natural resources for use by the executive director's office for the species conservation trust fund is decreased by $3,000,000.(Note: This summary applies to this bill as enacted.)
Sponsors (6)
- K. Brown Democratic · sponsor
- R. Taggart Republican · sponsor
- J. Bridges Democratic · sponsor
- B. Kirkmeyer Republican · sponsor
- E. Sirota Democratic · sponsor
- J. Amabile 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 with Amendments - Committee · lower
- Apr 8, 2026 House Second Reading Special Order - Laid Over Daily - No Amendments · lower
- Apr 7, 2026 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
- Apr 2, 2026 Introduced In House - Assigned to Appropriations · lower
Full text
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