State Money Used to Refinance American Rescue Plan Money

Plain English Breakdown

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

State Money Used to Refinance American Rescue Plan Money

The act requires the state treasurer to make 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.

What This Bill Does

• The act requires the state treasurer to make 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 act 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 act delays a corresponding transfer of money from the behavioral and mental health cash fund.
• The act reduces appropriations made in 2022 to the department of health care policy and financing by $800,000 and to the department of early childhood by $1,616,989.

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.

Official Summary Text

The act requires the state treasurer to make 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 act 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 act delays a corresponding transfer of money from the behavioral and mental health cash fund.
The act reduces appropriations made in 2022 to the department of health care policy and financing by $800,000 and to the department of early childhood by $1,616,989.
(Note: This summary applies to this bill as enacted.)