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HB20-1381

Cash Fund Transfers General Fund

Concerning the augmentation of the general fund through transfers of certain money.
Session:
2020 Regular Session
Subject:
State Revenue & Budget
Bill Summary

For the purpose of augmenting the revenue in the state general fund, the act requires the state treasurer to make specific transfers to the general fund. On June 30, 2020, the state treasurer is required to transfer the following amounts to the general fund:

  • $3,176 from the employment verification fund, as it existed prior to its repeal in 2016;
  • The unexpended and unencumbered balance from the fund state employee reserve fund;
  • $7.9 million from the Fort Logan land sale account in the capital construction fund;
  • $8,381,753 from the indirect costs excess recovery fund;
  • $1,887,116 from the state supplemental security income stabilization fund;
  • $1 million from the veterans assistance grant program cash fund;
  • $167,463 from the Moffat tunnel cash fund; and
  • $10 million from the multimodal transportation options fund.

On July 1, 2020, the state treasurer is required to transfer:

  • $45.5 million from the severance tax perpetual base fund to the general fund; and
  • $43 million from the unclaimed property trust fund.
    (Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    06/29/2020 Signed Act PDF
    06/22/2020 Final Act PDF
    06/06/2020 Rerevised PDF
    06/05/2020 Revised PDF
    06/03/2020 Reengrossed PDF
    06/01/2020 Engrossed PDF
    05/26/2020 Introduced PDF

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. D. Esgar
Sen. B. Rankin, Sen. R. Zenzinger

Sponsor

Rep. J. McCluskie
Sen. D. Moreno

Co-sponsor

Rep. M. Snyder, Rep. S. Woodrow

COVID-19 Resources
2021 Ballot Information Booklet (Blue Book)
NORTH ENTRANCE IS CURRENTLY CLOSED.  TO ENTER THE CAPITOL, USE THE SOUTH ENTRANCE, UNDER THE STAIRS, AT 14th AVENUE AND SHERMAN STREET.