HB26-1387 - Severance Tax Fund Expenditures
Summary
Colorado HB26-1387 allows the Colorado Water Conservation Board to direct the state treasurer to transfer money from the severance tax perpetual base fund to the species conservation trust fund. Beginning June 30, 2027, the bill requires an annual transfer of the lesser of $14.2 million or the difference between projected severance tax revenue and appropriations for certain programs from the operational fund to the general fund. The Joint Budget Committee oversees implementation.
What changed
HB26-1387 establishes new transfer authority for Colorado severance tax funds. Section 2 authorizes the Colorado Water Conservation Board to direct transfers from the severance tax perpetual base fund to the species conservation trust fund. Section 3 mandates annual transfers from the operational fund to the general fund starting June 30, 2027, capped at $14.2 million. These changes modify existing fiscal mechanisms for state conservation funding.
For affected parties, the bill primarily impacts state agency budget planning and conservation trust funding availability. Oil, gas, and mineral extraction companies paying severance taxes should monitor how fund reallocations affect conservation programs they may participate in or benefit from. The bill requires appropriation adjustments and affects fiscal projections for conservation-related state programs.
What to do next
- Monitor bill progress through Colorado legislature
- Track committee hearing dates for HB26-1387
- Review appropriations impact on severance tax operational fund
Archived snapshot
Apr 13, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
HB26-1387
Severance Tax Fund Expenditures
| Type | Bill |
|---|---|
| Session | 2026 Regular Session |
| Subjects | Fiscal Policy & Taxes Local Government |
Concerning the expenditure of money from the severance tax trust fund, and, in connection therewith, allowing the state treasurer to transfer money from the severance tax perpetual base fund to the species conservation trust fund, establishing an annual transfer from the severance tax operational fund to the general fund, and reducing an appropriation.
Recent Bill (PDF) Recent Fiscal Note (PDF) Bill Summary:
Joint Budget Committee. Section 2 of the bill allows the Colorado water conservation board to direct the state treasurer to transfer money from the severance tax perpetual base fund to the species conservation trust fund. Section 1 allows the species conservation trust fund to receive money that the state treasurer transfers to the fund from the severance tax perpetual base fund.
Section 3 directs the state treasurer to, beginning on June 30, 2027, annually transfer 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.
(Note: This summary applies to this bill as introduced.)
Prime Sponsors
Kyle Brown
Representative
Rick Taggart
Senator
Jeff Bridges
Senator
Barbara Kirkmeyer
Committees
House
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Status
Under Consideration
Introduced
Under Consideration
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 04/11/2026 | Reengrossed | |
| 04/09/2026 | Engrossed | |
| 04/02/2026 | Introduced |
| Date | Version | Documents |
|---|---|---|
| 04/07/2026 | PA1 |
| Date | Version | Documents |
|---|---|---|
| 04/03/2026 | Initial Fiscal Note |
| Date | Version | Documents |
|---|---|---|
| 04/06/2026 | SA1 |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment J.001 | The motion passed without objection. | Vote summary |
| Refer House Bill 26-1387, as amended, to the Committee of the Whole. | The motion passed on a vote of 10-0. | Vote summary |
| Hearing Summary | Committee Report: PDF | |
| Date | Calendar | Motion |
| --- | --- | --- |
| 04/11/2026 | Third Reading | BILL |
| Date | Amendment Number | Committee/ Floor Hearing | Status | Documents |
|---|---|---|---|---|
| 04/07/2026 | J.001 | HOU Appropriations | Passed [*] |
- Amendments passed in committee are not incorporated into the measure unless adopted by the full House or Senate.
** The status of Second Reading amendments may be subsequently affected by the adoption of an amendment to the Committee of the Whole Report. Refer to the House or Senate Journal for additional information.
| Date | Location | Action |
|---|---|---|
| 04/11/2026 | House | House Third Reading Passed - No Amendments |
| 04/10/2026 | House | House Third Reading Laid Over Daily - No Amendments |
| 04/09/2026 | House | House Second Reading Special Order - Passed with Amendments - Committee |
| 04/08/2026 | House | House Second Reading Special Order - Laid Over Daily - No Amendments |
| 04/07/2026 | House | House Committee on Appropriations Refer Amended to House Committee of the Whole |
| 04/02/2026 | House | Introduced In House - Assigned to Appropriations |
Prime Sponsor
Rep. K. Brown | Rep. R. Taggart
Sen. J. Bridges | Sen. B. Kirkmeyer
Sponsor
Co-Sponsor
(None)
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