HB 1393: Maximum Reserve Requirement for Certain Cash Funds - Colorado

Rerevised → Final Act · 4 edits · May 21, 2026

MODERATE

This bill modifies how two specific state cash funds - the Public School Construction and Inspection Cash Fund and the Health Facility Construction and Inspection Cash Fund - manage their unspent reserves. Previously, these funds were exempt from annual reserve limits; the bill now subjects them to a three-year maximum reserve limitation instead. If reserves exceed the limit for three consecutive years, the responsible agencies must reduce fees to bring the funds back within the allowable limit.

Scope change

The bill expands the scope of reserve limitations by adding two specific cash funds to the list of funds subject to the three-year maximum reserve rule, whereas they were previously excluded from such limitations entirely.

REQUIREMENT

Changed the reserve limitation rule for two specific cash funds from an annual maximum to a three-year maximum.

ELIGIBILITY

Added the Public School Construction and Inspection Cash Fund and the Health Facility Construction and Inspection Cash Fund to the list of funds excluded from the standard annual reserve limitations.

ENFORCEMENT

Established a mandatory process where agencies must reduce fees if uncommitted reserves exceed the maximum limit for three consecutive fiscal years.

DEFINITION

Updated the statutory definitions in the general cash fund limitations section to explicitly reference the new fund sections.

Revised → Rerevised · 2 edits · Apr 16, 2026

MINOR

The bill text was updated from 'Revised' to 'Rerevised' to reflect that all amendments have been adopted in the Second House. A new header was added indicating the bill was read for the third time without amendments on April 16, 2026, in the Senate. These changes are administrative updates to the legislative status and do not alter the bill's substantive policy, scope, or requirements.

TIMELINE

Added a header stating the bill was read for the third time unamended on April 16, 2026, in the Senate.

TECHNICAL

Changed the version title from 'Revised' to 'Rerevised' and updated the subtitle to clarify that amendments were adopted in the Second House.

Reengrossed → Revised · 4 edits · Apr 15, 2026

MODERATE

The bill was reengrossed and revised to include amendments adopted during the second reading in the second house. The text includes formatting updates to the header and date stamps, while the substantive body of the bill regarding fund limitations remains unchanged in this specific excerpt.

Scope change

The bill's scope and applicability remain unchanged; the revision reflects procedural updates from the legislative process rather than policy modifications.

TECHNICAL

Updated the document header to reflect 'Revised' status and amendments adopted in the second house, replacing the 'Reengrossed' label.

Adjusted the date stamp for the Senate's 2nd Reading Unamended status from April 9, 2026, to April 15, 2026.

Corrected a minor inconsistency in the text of Section 107 regarding the date alignment.

Removed blank lines and formatting artifacts from the header section to align with the revised version.

Engrossed → Reengrossed · 4 edits · Apr 11, 2026

MODERATE

The bill was reengrossed to include additional House sponsors (Carter) and was amended to clarify that the Public School Construction and Inspection Cash Fund is subject to a three-year limitation on uncommitted reserves. A note was added indicating the fund is currently under 3rd Reading Unamended, while a section detailing the specific fee calculation method to achieve reserve limits was removed.

Scope change

The bill's scope of sponsorship was expanded by adding a third House sponsor, and the applicability of the reserve limitation was clarified to explicitly include the Public School Construction and Inspection Cash Fund.

ELIGIBILITY

Added Carter as a House sponsor alongside Brown, Taggart, and Sirota.

REQUIREMENT

Explicitly included the Public School Construction and Inspection Cash Fund in the three-year limitation on uncommitted reserves.

Removed the detailed text specifying the fee calculation method used to determine the amount of uncommitted reserves.

TECHNICAL

Added a status note indicating the bill is under 3rd Reading Unamended as of April 11, 2026.

Introduced → Engrossed · 3 edits · Apr 9, 2026

MINOR

The bill was reengrossed to reflect amendments adopted during the second reading in the House, primarily updating the document header to indicate its current status and date. The most significant substantive change involves the removal of specific language regarding the calculation of 'uncommitted reserves' and the conditions under which the fee amount can be raised, effectively simplifying the financial oversight provisions for the newly created fund.

Scope change

The bill's scope regarding fee adjustments and reserve calculations has been narrowed by removing the explicit requirement that fee increases must not cause uncommitted reserves to exceed a maximum limit.

FISCAL

Deleted the provision stating that the fee amount can only be raised if doing so would not cause uncommitted reserves to exceed the maximum reserve.

DEFINITION

Removed the specific definitions for 'maximum reserve' and 'uncommitted reserves' that referenced other sections of the law.

TECHNICAL

Updated the document header to change the status from 'Introduced' to 'Engrossed' and added the date April 9, 2026.

Maximum Reserve Requirement for Certain Cash Funds

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