Colorado Bill: HB 1363
Temporarily Reduce General Fund Reserve
Topics
No topics available
Bill Information
Not reviewed
Summary
Joint Budget Committee. Under current law, the general fund reserve requirement is equal to 15% of the amount appropriated for expenditure from the general fund for that fiscal year minus:The difference between $100,000,000 and the proceeds of the sale of insurance premium and corporate tax credits that are credited to the health insurance affordability cash fund; andUnless money held in an escrow account in connection with the university of northern Colorado's college of osteopathic medicine is released, an additional $41,250,000. The bill lowers the reserve requirement to 13% for state fiscal years 2025-26 and 2026-27 and then raises it back to 15% for state fiscal years 2027-28 and later.(Note: This summary applies to this bill as introduced.)
Introduced
Pending
In Committee
Pending
Passed
Pending
Sponsors
K. Brown
Primary Sponsor
E. Sirota
Primary Sponsor
J. Amabile
Primary Sponsor
J. Bridges
Primary Sponsor