Plain English Breakdown
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
Limited Gaming Fund Transfers to Other Cash Funds
Under current law, the state treasurer is required to transfer $15 million from the limited gaming fund to the Colorado travel and tourism promotion fund at the end of each state fiscal year.
What This Bill Does
- Under current law, the state treasurer is required to transfer $15 million from the limited gaming fund to the Colorado travel and tourism promotion fund at the end of each state fiscal year.
- Beginning at the end of the 2025-26 state fiscal year, and at the end of each state fiscal year thereafter, the act reduces the amount of the transfer from the limited gaming fund to the Colorado travel and tourism promotion fund to $14 million and requires a new annual transfer of $1 million from the limited gaming fund to the museum and preservation operations account within the state historical fund.
- (Note: This summary applies to this bill as enacted.)
Limits and Unknowns
- This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.