Colorado HB1387 sets the state budget for the next fiscal year based on severance tax receipts and appropriates funds for conservation programs.

Colorado HB1387 amends the state budget process to set the amount of total state severance tax receipts that the state treasurer will transfer to the operational fund for the current fiscal year. It also appropriates funds from the operational fund for programs related to conservation. Beginning in April 2027, the executive director of the Department of Natural Resources will determine the amount to be transferred from the operational fund to the general fund, up to a maximum of $14.2 million.

Colorado HB1387 sets the state budget for the next fiscal year based on severance tax receipts and appropriates funds for conservation programs.

Colorado HB1387 amends the state budget process to set the amount of total state severance tax receipts that the state treasurer will transfer to the operational fund for the current fiscal year. It also appropriates funds from the operational fund for programs related to conservation. Beginning in April 2027, the executive director of the Department of Natural Resources will determine the amount to be transferred from the operational fund to the general fund, up to a maximum of $14.2 million.