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HB26-1401 • 2026

Transfers from Unclaimed Property Trust Fund

Joint Budget Committee. 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 m

Budget Housing
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

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
2026-04-14
Official status
Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
Effective date
Not listed

Plain English Breakdown

The candidate explanation included details about health care policy and financing appropriations that are not supported by the official source material.

Transfers from Unclaimed Property Trust Fund

This bill requires the state treasurer to transfer money from the unclaimed property trust fund (UPTF) to the general fund and the housing development grant fund on June 30, 2026, and ends future transfers to certain funds.

What This Bill Does

  • Requires the state treasurer to move $72.8 million from the UPTF to the general fund on June 30, 2026.
  • Requires the state treasurer to transfer $2.2 million from the UPTF to the housing development grant fund on June 30, 2026.
  • Repeals statutory provisions that authorize future transfers of money from the UPTF to both the housing development grant fund and the adult dental fund starting July 1, 2026.

Who It Names or Affects

  • The state treasurer who is responsible for making these transfers.
  • Departments receiving funds from the UPTF, such as housing development.

Terms To Know

Unclaimed Property Trust Fund (UPTF)
A fund where money is kept for people who have lost track of their property or assets.
General Fund
The main account used by the state to pay for its general expenses and programs.

Limits and Unknowns

  • The bill does not specify what happens if there is not enough money in the UPTF to make these transfers.
  • It's unclear how this will affect future budgets or funding needs of departments that previously received funds from the UPTF.

Amendments

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

H.001

Committee of the Whole

Lost

Plain English: The amendment changes the amount of money that will be transferred from the unclaimed property trust fund to the general fund on June 30, 2026.

  • Reduces the transfer amount from $72.8 million to $27.8 million.
  • The amendment text does not specify why the reduction in the transfer amount is needed or what impact this change will have on state finances.
L.001

Second Reading

Lost [**]

Plain English: The amendment changes the bill to require a comparative analysis of unclaimed property funds in other states and restricts the state treasurer from using principal from the trust fund for fiscal year 2026-2027.

  • Adds a requirement for the Joint Budget Committee to complete a comparative analysis of unclaimed property funds compared to those in other states by July 1, 2027.
  • Restricts the state treasurer from using any principal amount from the trust fund for fiscal year 2026-2027.
  • The amendment text does not provide details on how the comparative analysis should be conducted or what specific information it must include.
L.002

Second Reading

Lost [**]

Plain English: The amendment changes the amount of money to be transferred from the unclaimed property trust fund (UPTF) to the general fund.

  • Reduces the amount to be transferred from $72.8 million to $27.2 million.
  • The amendment text does not specify why the reduction in transfer amount is needed or what impact it will have.
L.003

Second Reading

Lost [**]

Plain English: The amendment requires the state to notify owners of unclaimed property before transferring money from the Unclaimed Property Trust Fund for any purpose other than paying claims.

  • Adds a new section (7) that mandates sending notice to apparent owners of all property in the trust fund, detailing the nature and value of the property, its status in the trust fund, and how to claim it.
  • Requires reporting on the total amount of unclaimed property available for claims and the amount already returned to owners.
  • Certifies that reasonable steps have been taken to return the property to its owners.
  • The amendment text does not specify what happens if an owner responds after receiving notice, leaving this detail unclear.

Bill History

  1. 2026-04-14 Senate

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

  2. 2026-04-13 Senate

    Introduced In Senate - Assigned to Appropriations

  3. 2026-04-11 House

    House Third Reading Passed - No Amendments

  4. 2026-04-10 House

    House Third Reading Laid Over Daily - No Amendments

  5. 2026-04-09 House

    House Second Reading Special Order - Passed - No Amendments

  6. 2026-04-08 House

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

  7. 2026-04-06 House

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

  8. 2026-04-02 House

    Introduced In House - Assigned to Appropriations

Official Summary Text

Joint Budget Committee.
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 bill repeals the statutory provisions that authorize future transfers from the UPTF to the grant fund and to the adult dental fund.
For the 2026-2027 state fiscal year, $63,491,322 is appropriated from the general fund to the department of health care policy and financing (HCPF). The bill decreases by a corresponding amount an appropriation to HCPF from the adult dental fund.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Current Bill Text

Read the full stored bill text 
Second Regular Session
Seventy-fifth General Assembly
STATE OF COLORADO
REENGROSSED
This Version Includes All Amendments
Adopted in the House of Introduction
LLS NO. 26-0897.02 Rebecca Bayetti x4348 HOUSE BILL 26-1401
House Committees Senate Committees
Appropriations
A BILL FOR AN ACT
CONCERNING TRANSFERS OF MONEY FROM THE UNCLAIMED PROPERTY101
TRUST FUND, AND, IN CONNECTION THEREWITH, TRANSFERRING102
MONEY FROM THE UNCLAIMED PROPERTY TRUST FUND TO THE103
HOUSING DEVELOPMENT GRANT FUND AND THE GENERAL FUND104
IN STATE FISCAL YEAR 2025-2026; TERMINATING FUTURE105
TRANSFERS FROM THE UNCLAIMED PROPERTY TRUST FUND TO106
THE HOUSING DEVELOPMENT GRANT FUND AND THE ADULT107
DENTAL FUND; AND MAKING AND REDUCING APPROPRIATIONS.108
Bill Summary
(Note: This summary applies to this bill as introduced and does
not reflect any amendments that may be subsequently adopted. If this bill
passes third reading in the house of introduction, a bill summary that
applies to the reengrossed version of this bill will be available at
HOUSE
3rd Reading Unamended
April 11, 2026
HOUSE
2nd Reading Unamended
April 9, 2026
HOUSE SPONSORSHIP
Sirota and Taggart, Brown, Camacho, Garcia, Mabrey, Nguyen
SENATE SPONSORSHIP
Bridges and Kirkmeyer, Amabile
Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
Capital letters or bold & italic numbers indicate new material to be added to existing law.
Dashes through the words or numbers indicate deletions from existing law.
http://leg.colorado.gov/.)
Joint Budget Committee. 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 bill repeals the statutory provisions that
authorize future transfers from the UPTF to the grant fund and to the
adult dental fund.
For the 2026-2027 state fiscal year, $63,491,322 is appropriated
from the general fund to the department of health care policy and
financing (HCPF). The bill decreases by a corresponding amount an
appropriation to HCPF from the adult dental fund.
Be it enacted by the General Assembly of the State of Colorado:1
SECTION 1. In Colorado Revised Statutes, 38-13-801, amend2
(1)(b) and (5); repeal (2)(d)(II) and (2)(d)(III); and add (3)(c), (3.5)(f),3
and (3.5)(g) as follows:4
38-13-801. Unclaimed property trust fund - creation -5
payments - interest - appropriations - records - rules - repeal.6
(1) (b) Except as provided in subsections (2), (3), and (3.5)7
SUBSECTION (2) of this section, the principal of the trust fund shall not be8
expended except to pay claims made pursuant to this article 13. Money9
constituting the principal of the trust fund is not fiscal year spending of10
the state for purposes of section 20 of article X of the state constitution11
and is not subject to appropriation by the general assembly.12
(2) (d) The following amounts constitute fiscal year spending for13
purposes of section 20 of article X of the state constitution:14
(II) Any money that is credited to the adult dental fund created in15
section 25.5-5-207 (4) as required by subsection (3) of this section;16
(III) Any money that is credited to the housing development grant17
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fund created in section 24-32-721 (1) as required by subsection (3.5) of1
this section;2
(3) (c) THIS SUBSECTION (3) IS REPEALED, EFFECTIVE JULY 1, 2026.3
(3.5) (f) NOTWITHSTANDING ANY PROVISION OF THIS SECTION TO4
THE CONTRARY, ON JUNE 30, 2026, THE STATE TREASURER SHALL ONLY5
TRANSFER TWO MILLION TWO HUNDRED THOUSAND DOLLARS FROM THE6
UNCLAIMED PROPERTY TRUST FUND TO THE DIVISION OF HOUSING TO BE7
DEPOSITED INTO THE HOUSING DEVELOPMENT GRANT FUND CREATED IN8
SECTION 24-32-721 (1).9
(g) THIS SUBSECTION (3.5) IS REPEALED, EFFECTIVE JULY 1, 2026.10
(5) (a) Notwithstanding any other provision of this section, on11
July 1, 2020, the state treasurer shall transfer forty-three million dollars12
from the unclaimed property trust fund to the general fund.13
(b) NOTWITHSTANDING ANY OTHER PROVISION OF THIS SECTION TO14
THE CONTRARY , ON JUNE 30, 2026, THE STATE TREASURER SHALL15
TRANSFER SEVENTY-TWO MILLION EIGHT HUNDRED THOUSAND DOLLARS16
FROM THE UNCLAIMED PROPERTY TRUST FUND TO THE GENERAL FUND.17
SECTION 2. In Colorado Revised Statutes, 24-32-721, amend18
(1.5) as follows:19
24-32-721. Colorado affordable housing construction grants20
and loans - housing development grant fund - creation - housing21
assistance for persons with behavioral, mental health, or substance22
use disorders - cash fund - appropriation - report to general assembly23
- rules - definitions - repeal.24
(1.5) (a) In addition to the other sources of money to be deposited25
into the fund that are specified in subsection (1) of this section, the fund26
also consists of money transferred by the state treasurer from the27
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unclaimed property trust fund to the division in accordance with section1
38-13-801 (3.5) to supplement existing funds to be expended for any of2
the purposes specified in subsection (2)(d) of this section.3
(b) THIS SUBSECTION (1.5) IS REPEALED, EFFECTIVE JULY 1, 2026.4
SECTION 3. In Colorado Revised Statutes, 25.5-5-207, amend5
(4)(a) as follows:6
25.5-5-207. Adult dental benefit - adult dental fund - creation7
- legislative declaration.8
(4) (a) There is hereby created in the state treasury the adult dental9
fund, referred to in this section as the "fund", consisting of money10
transferred to the fund from the unclaimed property trust fund pursuant11
to section 38-13-801 (3) and any money that may be appropriated to the12
fund by the general assembly. The money in the fund is subject to annual13
appropriation by the general assembly to the state department for the14
direct and indirect costs associated with implementing the adult dental15
benefit pursuant to section 25.5-5-202 (1)(w).16
SECTION 4. Appropriation - adjustments to 2026 long bill.17
(1) Except as provided in subsection (3) of this section, to implement this18
act, the appropriations made in the annual general appropriation act for19
the 2026-27 state fiscal year to the department of health care policy and20
financing from the adult dental fund created in section 25.5-5-207 (4)(a),21
C.R.S., are decreased as follows:22
Executive director's office, general administration23
Personal services $178,26824
Health, life, and dental $43,56025
Short-term disability $1,12026
Paid family and medical leave insurance $1,00727
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Unfunded liability amortization payments $22,6811
Step pay $8292
PERA direct distribution $4,0913
Workers' compensation $1,3124
Operating expenses $9,2455
Leased space $12,1536
Payments to OIT $44,0457
CORE operations $7718
General professional services and special projects $88,7509
Executive director's office, indirect cost recoveries10
Indirect cost assessment $8,50411
Medical services premiums12
Medical and long-term care services for Medicaid 13
eligible individuals $63,074,98614
(2) For the 2026-27 state fiscal year, $63,491,322 is appropriated15
to the department of health care policy and financing. This appropriation16
is from the general fund. To implement this act, the department may use17
this appropriation as follows:18
Executive director's office, general administration19
Personal services $178,26820
Health, life, and dental $43,56021
Short-term disability $1,12022
Paid family and medical leave insurance $1,00723
Unfunded liability amortization payments $22,68124
Step pay $82925
PERA direct distribution $4,09126
Workers' compensation $1,31227
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Operating expenses $9,2451
Leased space $12,1532
Payments to OIT $44,0453
CORE operations $7714
General professional services and special projects $88,7505
Executive director's office, indirect cost recoveries6
Indirect cost assessment $8,5047
Medical services premiums8
Medical and long-term care services for Medicaid 9
eligible individuals $63,074,986(M)10
(3) (a) If the cash funds appropriation from the adult dental fund11
created in section 25.5-5-207 (4)(a), C.R.S., made in the annual general12
appropriation act for the 2026-27 state fiscal year to the department of13
health care policy and financing is an amount less than the amount of the14
adjustments required in subsection (1) of this section, the cash funds15
appropriation from the adult dental fund is decreased to $0.16
(b) Subsection (1) of this section does not require reductions of an17
appropriation in the annual general appropriation act for the 2026-27 state18
fiscal year if the act does not include an appropriation to the department19
of health care policy and financing for use by the executive director's20
office for:21
(I) Personal services;22
(II) Health, life, and dental;23
(III) Short-term disability;24
(IV) Paid family and medical leave insurance;25
(V) Unfunded liability amortization payments;26
(VI) Step pay;27
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(VII) PERA direct distribution;1
(VIII) Workers' compensation;2
(IX) Operating expenses;3
(X) Leased space;4
(XI) Payments to OIT;5
(XII) CORE operations;6
(XIII) General professional services and special projects; and7
(XIV) Indirect cost assessment.8
(c) If the annual general appropriation act for the 2026-27 state9
fiscal year does not include an appropriation to the department of health10
care policy and financing for Medical and long-term care services for11
Medicaid eligible individuals, then subsection (1) does not require a12
reduction of an appropriation in the annual general appropriation act for13
the 2025-26 state fiscal year.14
SECTION 5. Effective date. (1) Except as otherwise provided15
in this section, this act takes effect upon passage.16
(2) Sections 38-13-801 (1)(b), (2)(d)(II), and (2)(d)(III), Colorado17
Revised Statutes, amended and repealed in section 1 of this act, and18
section 25.5-5-207 (4)(a), Colorado Revised Statutes, amended in section19
3 of this act, take effect July 1, 2026.20
(3) Section 4 of this act takes effect only if the annual general21
appropriation act for the 2026-27 state fiscal year becomes law, in which22
case section 4 takes effect upon the effective date of this act or of the23
annual general appropriation act for state fiscal year 2026-27, whichever24
is later.25
SECTION 6. Safety clause. The general assembly finds,26
determines, and declares that this act is necessary for the immediate27
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preservation of the public peace, health, or safety or for appropriations for1
the support and maintenance of the departments of the state and state2
institutions.3
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