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HB26-1401 • 2026

Transfers from Unclaimed Property Trust Fund

On June 30, 2026, the state treasurer is required to transfer the following amounts from the unclaimed property trust fund (UPTF): $72.8 million to the general fund; and $2.2 million to the division o

Budget Housing Taxes
Enacted

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

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

Plain English Breakdown

Checked against official source text during the last sync.

HB26-1401: Moving Money from Unclaimed Property Funds

This law requires the state treasurer to move specific amounts of money from unclaimed property funds into other state accounts on June 30, 2026.

What This Bill Does

  • Requires a transfer of $72.8 million from the Unclaimed Property Trust Fund to the general fund.
  • Requires a transfer of $2.2 million from the Unclaimed Property Trust Fund to be deposited into the housing development grant fund.
  • Repeals laws that allow future transfers from the unclaimed property trust fund to the housing development grant fund and the adult dental fund starting July 1, 2026.
  • Appropriates $63,491,322 from the general fund to the department of health care policy and financing for the 2026-27 fiscal year if the annual budget law is passed.

Who It Names or Affects

  • The state treasurer
  • The division of housing
  • The adult dental fund
  • The department of health care policy and financing

Terms To Know

Unclaimed Property Trust Fund (UPTF)
A state account that holds money or property owners have not claimed.
General fund
The main pool of tax revenue used to pay for most government services.

Limits and Unknowns

  • Money for health care policy is only available if the annual general appropriation act becomes law.
  • The effective date listed in the official metadata was not provided.

Amendments

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

H.001

Committee of the Whole

Lost

Plain English: This amendment would lower the amount of money transferred from the unclaimed property trust fund to the general fund.

  • The bill would change the transfer amount from $72.8 million to a new, unspecified dollar figure by replacing the word 'SEVENTY-TWO' with 'TWENTY-SEVEN'.
  • This change reduces the total money sent to the general fund compared to the original version of the bill.
  • The amendment text only changes one number in words but does not clearly state the final dollar amount or explain how this affects other parts of the budget.
  • Because the full context of the financial calculation is missing, it is unclear exactly what total sum 'TWENTY-SEVEN' represents.
L.001

Second Reading

Lost [**]

Plain English: This amendment would allow the state treasurer to use some of the main money in the unclaimed property fund if interest is not enough, but it bans using that main money for the 2026-2027 year and requires a study comparing Colorado's rules with other states.

  • It allows the state treasurer to use principal (the original amount of money) from the unclaimed property trust fund if interest earnings are not enough to pay required amounts, except for the 2026-2027 fiscal year when only interest can be used.
  • It requires the Joint Budget Committee to study how Colorado's unclaimed property fund is structured and used compared to similar funds in other states.
  • The amendment mandates that a summary of this comparison study must be published on a public website by July 1, 2027.
  • This amendment was marked as 'Lost' during the legislative process, meaning it did not pass and these changes were not made to the final bill.
  • The text does not specify exactly how much principal could be used or which specific funds would receive money if interest is insufficient.
L.002

Second Reading

Lost [**]

Plain English: This amendment would lower the amount of money transferred from the unclaimed property trust fund to the general fund.

  • The bill currently says $72.8 million should be moved, but this change reduces that number.
  • The amendment text only shows how to change the word 'SEVENTY-TWO' to 'TWENTY-SEVEN', so it is unclear if other numbers in the bill are also affected.
  • This amendment was voted down and did not pass, meaning this specific change will not happen.
L.003

Second Reading

Lost [**]

Plain English: This amendment would stop the state from moving money out of the Unclaimed Property Trust Fund until officials first try to find and notify the original owners.

  • Requires sending a notice to people who likely own unclaimed property before any funds are transferred for other uses.
  • Mandates that notices explain what the property is, its value, how it was turned over to the state, and how owners can claim it back.
  • Forces officials to report on the total amount of money available to be claimed by owners versus the amount already returned.
  • Requires a formal statement from administrators confirming they took reasonable steps to return property before any transfers happen.
  • The amendment text does not specify exactly how much time must pass between sending notices and transferring money.
  • It is unclear if this rule applies retroactively to unclaimed property already in the fund or only to new deposits after July 1, 2026.

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 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 - No Amendments

  12. 2026-04-08 House

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

  13. 2026-04-06 House

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

  14. 2026-04-02 House

    Introduced In House - Assigned to Appropriations

Official Summary Text

On June 30, 2026, the state treasurer is required to transfer the following amounts from the unclaimed property trust fund (UPTF):
$72.8 million to the general fund; and
$2.2 million to the division of housing to be deposited into the housing development grant fund (grant fund).
On July 1, 2026, the act repeals the statutory provisions that authorize future transfers from the UPTF to the grant fund and to the adult dental fund.
For the 2026-27 state fiscal year, $63,491,322 is appropriated from the general fund to the department of health care policy and financing (HCPF), and an appropriation to HCPF from the adult dental fund is decreased by a corresponding amount. The appropriation takes effect only if the annual general appropriation act for the 2026-27 state fiscal year becomes law.
(Note: This summary applies to this bill as enacted.)