Colorado HB26-1332: Legislative Department Cash Fund Changes

Detected March 21st, 2026

Summary

Colorado HB26-1332 proposes to transfer $12 million from the Legislative Department Cash Fund to the general fund. It also establishes an $8 million limit for the fund and modifies reversion and interest transfer policies. The bill aims to restructure the fund's operations and codify certain revenue deposits.

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What changed

Colorado House Bill 26-1332, concerning the legislative department cash fund, proposes significant financial adjustments. The bill mandates a transfer of $12 million from the fund to the general fund and establishes a new fund limit of $8 million for the current fiscal year, with subsequent adjustments tied to general fund appropriations for the legislative branch. It also modifies reversion policies to prevent the fund balance from exceeding this limit and directs excess amounts to the general fund. Furthermore, the bill codifies the deposit of money received from records requests into the fund and authorizes various legislative entities to accept gifts and donations.

This bill will impact the budgeting and financial management of Colorado's legislative department. Compliance officers should review the specific provisions regarding fund limits, reversions, and the handling of interest and income from redistricting accounts. While no explicit compliance deadline is stated, the bill's passage would necessitate immediate adjustments to financial controls and reporting mechanisms for the legislative branch and associated agencies. The bill also makes conforming amendments related to the fund's creation, suggesting a broader restructuring of legislative financial operations.

What to do next

Review the financial implications of the $12M transfer from the Legislative Department Cash Fund.
Implement the $8M fund limit and associated reversion policies.
Update financial procedures to reflect changes in interest and income transfers.

Source document (simplified)

HB26-1332

Legislative Department Cash Fund

| Type | Bill |
| --- | --- |
| Session | 2026 Regular Session |
| Subjects | General Assembly |
Concerning the legislative department cash fund.

Recent Bill (PDF) Recent Fiscal Note (PDF) Bill Summary:

Executive Committee of the Legislative Council. The bill makes the following changes to the legislative department cash fund (fund):

Transfers $12 million from the fund to the general fund;
Establishes a fund limit, equal to $8 million for the current state fiscal year, and, thereafter, it adjusts proportionally with the percentage change in total general fund appropriations for the legislative branch;
Limits reversion of unexpended appropriations to the fund to prevent the balance from exceeding the fund limit and annually transferring any portion of the fund that exceeds the balance to the general fund;
Codifies that any money received related to records requests is deposited into the fund and that the house of representatives, the senate, and the legislative service agencies are authorized to seek, accept, and expend gifts, grants, or donations; and
Clarifies that the interest and income in the congressional redistricting and legislative redistricting accounts in the fund are transferred to the general fund, along with other interest and income from the fund. Makes conforming amendments due to the restructuring of the provision creating the fund. (Note: This summary applies to this bill as introduced.)