State Money Used to Refinance American Rescue Plan Money
Summary
Colorado Governor signed HB1407, a bill addressing state money used to refinance American Rescue Plan coronavirus state fiscal recovery funds. The legislation transfers unspent state money to the general fund, extends deadlines for use of state money, and reduces appropriations. The bill was sponsored by bipartisan legislators including Representatives Kyle Brown and Emily Sirota and Senators Judith Amabile and Jeff Bridges.
What changed
Colorado enacted HB1407 to address the refinancing of federal American Rescue Plan money with state funds. The bill specifically transfers unspent state money to the general fund, extends a deadline for the use of state money, and reduces appropriations. This is a budget management measure affecting how Colorado manages coronavirus recovery funding.
For compliance purposes, this bill primarily affects state government agencies managing federal recovery funds. State agencies should review their current use of American Rescue Plan money and ensure compliance with the extended deadline provisions. The bill has no compliance deadline beyond its effective date of April 2, 2026.
Source document (simplified)
ChangeBridge / Colorado / HB1407 Signed by Governor HB1407 House Bill Signed by Governor 2026-04-02
State Money Used to Refinance American Rescue Plan Money
Concerning state money that was used to refinance money received from the federal coronavirus state fiscal recovery fund, and, in connection therewith, transferring unspent state money to the general fund, extending a deadline for the use of state money, and reducing appropriations.
Bill Details
State Colorado
Session 2026 Regular Session
Chamber House
Committee Appropriations
Official Source leg.colorado.gov/bills/HB26-1407
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Sponsors
Kyle Brown (Rep - D) Rick Taggart (Rep - R) Judith Amabile (Sen - D) Barbara Kirkmeyer (Sen - R) Emily Sirota (Rep - D) Jeff Bridges (Sen - D)
Action History
2026-04-02 H Introduced In House - Assigned to Appropriations
Committee Referrals
2026-04-02 H Appropriations
Bill Text Versions
1969-12-31 Introduced
Subjects
State Government State Revenue & Budget Legislative data powered by LegiScan (CC BY 4.0)
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