Eliminate General Fund Transfer to Multimodal Transportation Fund

HOUSE BILL 26-1399

BY REPRESENTATIVE(S) Brown and Taggart, Sirota, Clifford, Duran; also SENATOR(S) Amabile and Kirkmeyer, Bridges, Pelton R ..

CONCERNING THE ELIMINATION OF THE ANNUAL TRANSFER FROM THE GENERAL FUND TO THE MULTIMODAL TRANSPORTATION AND MITIGATION OPTIONS FUND, AND, IN CONNECTION THEREWITH, REDUCING AN APPROPRIATION.

Be it enacted by the General Assembly of the State of Colorado: SECTION 1. In Colorado Revised Statutes, 24-75-219, amend (7)(c) introductory portion and (7)(c)(I) as follows:

24-75-219. Transfers - transportation - capital construction definitions. (7) In addition to any other transfers required by this section: (c) On each July 1 from July 1, 2024, through July 1, 2031 JULY 1, 2025, AND ON EACH JULY 1 BEGINNING JULY 1, 2029, THROUGH JULY 1, 2031, the state treasurer shall transfer:

Capital letters or bold & italic numbers indicate new material added to existing law; dashes through words or numbers indicate deletions from existing law and such material is not part of the act.

(I) Ten million five hundred thousand dollars from the general fund to the multimodal transportation and mitigation options fund. and

SECTION 2. Appropriation - adjustments to 2026 long bill. (1) Except as provided in subsection (2) of this section, to implement this act, the cash funds appropriation from the multimodal transportation and mitigation options fund created in 43-4-1103 (l)(a), C.R.S., made in the annual general appropriation act for the 2026-27 state fiscal year to the department of transportation for multimodal transportation projects is decreased by $10,500,000. (2) Subsection (1) of this section does not require a reduction of an appropriation in the annual general appropriation act for the 2026-27 state fiscal year if: (a) The amount of the cash funds appropriation from the multimodal transportation and mitigation options fund created in 43-4-1103 (l)(a), C.R.S. made in the annual general appropriation act for the 2026-27 state fiscal year to the department oftransportation for multimodal transportation projects is less than the amount of the adjustment required in subsection (1) of this section; or (b) The annual general appropriation act for the 2026-27 state fiscal year does not include an appropriation to the department of transportation for multimodal transportation projects.

SECTION 3. Effective date. This act takes effect upon passage; except that section 2 of this act takes effect only if the annual general appropriation act for the 2026-27 state fiscal year becomes law, in which case section 2 takes effect upon the effective date of this act or of the annual general appropriation act for state fiscal year 2026-27, whichever is later. SECTION 4. Safety clause. The general assembly finds, determines, and declares that this act is necessary for the immediate

preservation of the public peace, health, or safety or for appropriations for the support and maintenance of the departments of the state and state institutions.

Julie McCluskie SPEAKER OF THE HOUSE OF REPRESENTATIVES

James Rashad Coleman, Sr. PRESIDENT OF THE SENATE

Vanessa Reilly CHIEF CLERK OF THE HOUSE OF REPRESENTATIVES

Esther van Mourik SECRETARY OF THE SENATE

APPROVED on Thursday June 4th 2026 at 12:30pm (Date and Time)

Jared S. Polis GOVERNOR OF THE STATE OF COLORADO