State Money Used to Refinance American Rescue Plan Money
| Type | Bill |
|---|---|
| Session | 2026 Regular Session |
| Subjects |
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 Summary:
Joint Budget Committee. The bill makes 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 bill 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 bill delays a corresponding transfer of money from the behavioral and mental health cash fund.
The bill reduces appropriations to the department of health care policy and financing and the department of early childhood.
(Note: This summary applies to this bill as introduced.)
Prime Sponsors
Representative
Kyle Brown
Representative
Rick Taggart
Senator
Judy Amabile
Senator
Barbara Kirkmeyer
Committees
House
Appropriations
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