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HB26-1387 • 2026

Severance Tax Fund Expenditures

The act directs the state treasurer to annually transfer no more than $3 million from the severance tax perpetual base fund to the species conservation trust fund. The act also directs the state treas

Budget Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Rep. K. Brown, Rep. R. Taggart, Sen. J. Bridges, Sen. B. Kirkmeyer, Rep. E. Sirota, Sen. J. Amabile
Last action
2026-05-29
Official status
Governor Signed
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Severance Tax Fund Expenditures

The act directs the state treasurer to annually transfer no more than $3 million from the severance tax perpetual base fund to the species conservation trust fund.

What This Bill Does

  • The act directs the state treasurer to annually transfer no more than $3 million from the severance tax perpetual base fund to the species conservation trust fund.
  • The act also directs the state treasurer to, beginning on June 30, 2027, annually transfer from the severance tax operational fund to the general fund 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.
  • The cash funds appropriation from the severance tax operational fund for the 2026-27 state fiscal year to the department of natural resources for use by the executive director's office for the species conservation trust fund is decreased by $3,000,000.
  • (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.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

J.001

HOU Appropriations

Passed [*]

Plain English: HB1387_J.001 HOUSE COMMITTEE OF REFERENCE AMENDMENT Committee on Appropriations.

  • HB1387_J.001 HOUSE COMMITTEE OF REFERENCE AMENDMENT Committee on Appropriations.
  • HB26-1387 be amended as follows: 1 Amend printed bill, page 1, line 105, strike "FUND AND" and substitute 2 "FUND,".
  • 3 Page 1, line 106, strike "OPERATION FUND TO THE GENERAL FUND." and 4 substitute "OPERATIONAL FUND TO THE GENERAL FUND, AND REDUCING 5 AN APPROPRIATION.".
  • ** *** ** *** ** JBC: Kelly Shen x5434

Bill History

  1. 2026-05-29 Governor

    Governor Signed

  2. 2026-05-28 Governor

    Sent to the Governor

  3. 2026-05-28 Senate

    Signed by the President of the Senate

  4. 2026-05-28 House

    Signed by the Speaker of the House

  5. 2026-04-16 Senate

    Senate Third Reading Passed - No Amendments

  6. 2026-04-15 Senate

    Senate Second Reading Special Order - Passed - No Amendments

  7. 2026-04-14 Senate

    Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole

  8. 2026-04-13 Senate

    Introduced In Senate - Assigned to Appropriations

  9. 2026-04-11 House

    House Third Reading Passed - No Amendments

  10. 2026-04-10 House

    House Third Reading Laid Over Daily - No Amendments

  11. 2026-04-09 House

    House Second Reading Special Order - Passed with Amendments - Committee

  12. 2026-04-08 House

    House Second Reading Special Order - Laid Over Daily - No Amendments

  13. 2026-04-07 House

    House Committee on Appropriations Refer Amended to House Committee of the Whole

  14. 2026-04-02 House

    Introduced In House - Assigned to Appropriations

Official Summary Text

The act directs the state treasurer to annually transfer no more than $3 million from the severance tax perpetual base fund to the species conservation trust fund.
The act also directs the state treasurer to, beginning on June 30, 2027, annually transfer from the severance tax operational fund to the general fund 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.
The cash funds appropriation from the severance tax operational fund for the 2026-27 state fiscal year to the department of natural resources for use by the executive director's office for the species conservation trust fund is decreased by $3,000,000.
(Note: This summary applies to this bill as enacted.)