HB 1416: Transfers to General Fund & Colorado Economic Development Fund - Colorado

Rerevised → Final Act · 5 edits · Jun 1, 2026

MODERATE

The bill was finalized with the addition of a safety clause and the Governor's signature, confirming its enactment. The core policy change remains the authorization to transfer specific funds from the Universal High School Scholarship Cash Fund to the Economic Development Fund and the General Fund to support small businesses during economic uncertainty. The transfer amounts were adjusted from the original proposal to $900,000 and $2.6 million, respectively, with the deadline set for June 30, 2026.

Scope change

The bill's scope is unchanged; it continues to authorize a one-time transfer of previously appropriated funds from the Universal High School Scholarship program to aid small businesses and balance the state budget.

REQUIREMENT

Added a safety clause stating the act is necessary for the immediate preservation of public peace, health, or safety, or for state appropriations.

FISCAL

Adjusted the transfer amount to the Colorado Economic Development Fund from $1.2 million to $900,000.

Adjusted the transfer amount to the General Fund from $2.3 million to $2.6 million.

TECHNICAL

Added a note indicating the bill is prepared for legislative officer and Governor signatures.

Removed the original bill summary and preliminary reading dates, replacing them with final act formatting and signatures.

Revised → Rerevised · 2 edits · May 13, 2026

MINOR

The bill was re-revised to include all amendments adopted in the second house, updating the document status to reflect the 3rd Reading Unamended on May 13, 2026. A new senator, Coleman, was added to the Senate sponsorship list, while no substantive policy changes, funding adjustments, or scope modifications were made.

TECHNICAL

Added Senator Coleman to the list of Senate sponsors.

Updated document header to indicate 'REREVISED' status and included a specific 3rd Reading date of May 13, 2026.

Reengrossed → Revised · 5 edits · May 12, 2026

MODERATE

The bill text was updated from the 'Reengrossed' version to the 'Revised' version, reflecting amendments adopted on second reading in the second house. The substantive content regarding the transfer of funds from the Universal High School Scholarship Cash Fund to the Colorado Economic Development Fund remains unchanged, but the document now includes a new '2nd Reading Unamended' status and updated dates for the legislative session.

TECHNICAL

The header was changed from 'REENGROSSED' to 'REVISED' to indicate the bill has been amended in the second house.

A new status line '2nd Reading Unamended' was added to the bill header.

Additional blank lines and spacing were inserted into the bill title section.

The summary note was updated to reflect that the bill summary applies to the reengrossed version after third reading in the house of introduction.

The footer section containing the legislative history and specific text regarding the transfer of $900,000 was truncated in the provided snippet, likely due to the diff cut-off rather than a policy change.

Engrossed → Reengrossed · 3 edits · May 9, 2026

MINOR

The bill title was updated from 'Engrossed' to 'Reengrossed' to reflect the inclusion of all amendments adopted in the House of Introduction. Additionally, the list of House sponsors was expanded to include five new legislators, and a note regarding the bill summary was updated to indicate that a '3rd Reading Unamended' summary is now available.

Scope change

The bill's substantive scope regarding financial transfers remains unchanged; the modifications are administrative updates to the bill's status and sponsorship list.

TECHNICAL

The bill status header was changed from 'Engrossed' to 'Reengrossed' to indicate that amendments adopted during the third reading in the House of Introduction have been incorporated.

Five new names (Caldwell, Clifford, Jackson, Rutinel, Woodrow) were added to the list of House sponsors.

The explanatory note regarding the bill summary was updated to specify that a '3rd Reading Unamended' summary is available as of May 9, 2026.

Introduced → Engrossed · 2 edits · May 7, 2026

MINOR

The bill was amended to adjust the specific dollar amounts that must be transferred from the universal high school scholarship cash fund to other state funds by June 30, 2026. The transfer to the Colorado Economic Development Fund was reduced from $1.2 million to $900,000, while the transfer to the General Fund was increased from $2.3 million to $2.6 million. These changes likely reflect updated budgetary needs or revised funding allocations for the scholarship program.

FISCAL

Reduced the required transfer from the scholarship cash fund to the Colorado Economic Development Fund from $1,200,000 to $900,000.

Increased the required transfer from the scholarship cash fund to the General Fund from $2,300,000 to $2,600,000.

Transfers to General Fund & Colorado Economic Development Fund

What changed between versions

How they voted

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