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State Money Used to Refinance Am 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.

HB26-1407 2026 Regular Session Signed into Law State Government State Revenue & Budget

Cost estimates

At the first note read
$0
FACT April 2, 2026
At the last note read
$0
FACT June 26, 2026
What it actually cost
not published
No Colorado source reports spending for one bill

Every figure here is an estimate by Legislative Council Staff on the date shown, about the version of the bill in front of them that day. It is not a cost.

The appropriation

The bill requires money it does not carry — the note says an appropriation is required and does not say the bill includes one.

An appropriation is money the legislature sets aside. It is not money spent.

The appropriation field, read from the note: The bill includes reductions in FY 2022-23 appropriations totaling $2.4 million to multiple agencies that have spending authority through FY 2026-27. In addition, the bill extends roll forward spending authority for a capital construction appropriation to the Colorado Department of Human Services through the end of FY 2026-27.

Bill summary

     The act requires the state treasurer to make the following transfers to the general fund on June 30, 2026:

  • $27,905,384 from the refinance discretionary account in the ARPA refinance state money cash fund;
  • $4,085,246.49 from the revenue loss restoration cash fund;
  • $1,974,702.20 from the economic recovery and relief cash fund;
  • $1,005,850.24 from the behavioral and mental health cash fund; and
  • $750,190.06 from the state highway fund.

     The act extends the deadline from December 31, 2026, to June 30, 2027, for the department of human services to spend money appropriated in 2022 from the behavioral and mental health cash fund for capital construction related to a youth neuro-psych facility at the Colorado mental health institute at Fort Logan. The act delays a corresponding transfer of money from the behavioral and mental health cash fund.

     The act reduces appropriations made in 2022 to the department of health care policy and financing by $800,000 and to the department of early childhood by $1,616,989.

FACT Bill summary by Colorado Legislative Council Staff, read 2026-09-23. Printed as published, word for word. Source: leg.colorado.gov (opens in a new tab)