Senate Committee of Reference Report
Committee on Appropriations
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All text that will be removed from the bill will be indicated by strikethrough as follows:
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This is text that is removed from law. -
Text that is added to a bill will be indicated by either all capitals or bold & italic as follows:
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- This all capitals text would be added to law.
- This is bold & italic text that would be added to law.
May 7, 2026
After consideration on the merits, the Committee recommends the following:
SB26-178 be amended as follows, and as so amended, be referred to the Committee of the Whole with favorable recommendation:
Page 1, Line 1Amend the Finance Committee Report, dated April 30, 2026, page 1,
Page 1, Line 2strike lines 1 through 3 and substitute:
Page 1, Line 3"Amend printed bill, page 2, strike lines 2 through 5.
Page 1, Line 4Page 3 of the bill, strike lines 1 through 13.
Page 1, Line 5Renumber succeeding sections accordingly.
Page 1, Line 6Page 3 of the bill, line 14, strike "amend".
Page 1, Line 7Page 3 of the bill, strike line 15 and substitute "add (1.3) and (1.5) as
Page 1, Line 8follows:".
Page 1, Line 9Page 3 of the bill, strike lines 18 through 27.
Page 1, Line 10Page 4 of the bill, strike lines 1 through 4 and substitute:".
Page 1, Line 11Page 2 of the report, strike lines 1 through 3 substitute:
Page 1, Line 12"Page 4 of the bill, strike line 6.
Page 1, Line 13Page 4 of the bill, line 7, before "(2)(f)," insert "(2)(d)," and strike
Page 1, Line 14"(2)(b.5) and".
Page 1, Line 15Page 4 of the bill, strike lines 11 through 25.
Page 1, Line 16Page 4 of the bill, strike line 27.
Page 2, Line 1Page 5 of the bill, strike line 1 and substitute:".
Page 2, Line 2Page 2 of the report, after line 9 insert:
Page 2, Line 3"Page 5 of the bill, strike lines 24 and 25 and substitute "(2)(d)(I)
Page 2, Line 4introductory portion; repeal (2)(e)(III); and add (2)(f) as".
Page 2, Line 5Page 5 of the bill, line 27, strike "supplemental".
Page 2, Line 6Page 6 of the bill, line 1, strike "assessment -".
Page 2, Line 7Page 6 of the bill, strike lines 2 through 27.
Page 2, Line 8Page 7 of the bill, strike lines 1 through 5.
Page 2, Line 9Page 7 of the bill, line 6, before "(d) (I)" insert "(2)".".
Page 2, Line 10Page 2 of the report, line 11, strike "10-16-1213,"." and substitute
Page 2, Line 11"10-16-1213, the money transferred to the fund pursuant to
Page 2, Line 12section 10-16-1206 (6),".".
Page 2, Line 13Page 2 of the report, strike lines 12 through 15 and substitute:
Page 2, Line 14"Page 7 of the bill, strike line 16 and substitute "in the fund for
Page 2, Line 15allocation in the 2027 calendar year and in each calendar year
Page 2, Line 16thereafter as follows:".
Page 2, Line 17Page 8 of the bill, strike line 25 and substitute "(1)(d) and (2); and add (6)
Page 2, Line 18as follows:".
Page 2, Line 19Page 9 of the bill, strike lines 3 through 27 and substitute:".
Page 2, Line 20Page 2 of the report, strike lines 20 through 23.
Page 2, Line 21Page 3 of the report, strike line 3 and substitute "pursuant to section
Page 2, Line 2210-16-1213.
Page 2, Line 23(6) By June 30, 2026, the state treasurer shall transfer
Page 2, Line 24forty million dollars from the marijuana tax cash fund created
Page 2, Line 25in section 39-28.8-501 to the fund.".
Page 2, Line 26Page 10 of the bill, strike line 9 and substitute "(4.5); and add
Page 2, Line 27(4)(c.5)(I.5) as follows:".
Page 3, Line 1Page 10 of the bill, strike lines 14 through 18.
Page 3, Line 2Page 11 of the bill, strike lines 14 through 18.".
Page 3, Line 3Page 3 of the report, strike lines 7 and 8 and substitute:
Page 3, Line 4"Page 11 of the bill, strike line 20 and substitute "(1)(b)(I)(F) as
Page 3, Line 5follows:".
Page 3, Line 6Page 11 of the bill, strike line 27.
Page 3, Line 7Page 12 of the bill, strike lines 1 through 7 and substitute:".
Page 3, Line 8Page 3 of the report, strike lines 11 through 14 and substitute:
Page 3, Line 9"Page 12 of the bill, line 8, strike "10-16-1212" and substitute "10-16-
Page 3, Line 101212, 10-16-1213, and 10-16-1214".".
Page 3, Line 11Page 3 of the report, line 20, strike "The" and substitute "On or after
Page 3, Line 12January 1, 2027, the".
Page 3, Line 13Page 6 of the report, strike line 8 and substitute "article 51 of title 11.
Page 3, Line 1410-16-1214. Report to joint budget committee - annual
Page 3, Line 15briefing.
Page 3, Line 16(1) Starting with the forecast issued in September of 2026,
Page 3, Line 17within two weeks after the legislative council staff releases
Page 3, Line 18the September, March, and June state revenue forecasts, the
Page 3, Line 19enterprise shall submit a written report to the joint budget
Page 3, Line 20committee of the general assembly regarding the status of the
Page 3, Line 21fund, including:
Page 3, Line 22(a) The amount of revenue generated through fees, from
Page 3, Line 23the issuance of revenue bonds pursuant to section 10-16-1213,
Page 3, Line 24and from any other sources, the amount of federal
Page 3, Line 25pass-through funding received pursuant to the state innovation
Page 3, Line 26waiver under section 10-16-1109 and section 1332 of the federal
Page 3, Line 27act, 42 U.S.C. sec. 18052, and any other money deposited in or
Page 3, Line 28transferred to the fund during the immediately preceding
Page 3, Line 29twelve months; and
Page 3, Line 30(b) The amount of revenue the enterprise anticipates
Page 3, Line 31generating or receiving from all sources in the next twelve
Page 3, Line 32months.
Page 3, Line 33(2) (a) No later than January 15, 2027, and no later than
Page 3, Line 34January 15 of each year thereafter, the enterprise shall provide
Page 4, Line 1an in-person briefing to the joint budget committee on the
Page 4, Line 2enterprise, its revenues from all sources, the programs it funds
Page 4, Line 3and the amount allocated to each program, and any other
Page 4, Line 4information requested by the joint budget committee.
Page 4, Line 5(b) As part of the briefing in January, 2027, the enterprise
Page 4, Line 6shall also provide to the joint budget committee:
Page 4, Line 7(I) An analysis of the effects of changing the statewide
Page 4, Line 8average premium reduction in the reinsurance program to
Page 4, Line 9fifteen percent, including the effects of that change on:
Page 4, Line 10(A) Total savings for the enterprise;
Page 4, Line 11(B) Federal pass-through funding from the state
Page 4, Line 12innovation waiver under section 10-16-1109 and section 1332 of
Page 4, Line 13the federal act, 42 U.S.C. sec. 18052;
Page 4, Line 14(C) Premiums in the nine geographic rating areas in the
Page 4, Line 15state; and
Page 4, Line 16(D) Enrollment in the individual market; and
Page 4, Line 17(II) An analysis of the effects of creating a tiered
Page 4, Line 18structure, based on income levels, for premium assistance for
Page 4, Line 19individuals who purchase insurance on the exchange for the
Page 4, Line 20premium wrap, including the effects of that structure on:
Page 4, Line 21(A) Total savings for the enterprise;
Page 4, Line 22(B) Federal pass-through funding from the state
Page 4, Line 23innovation waiver under section 10-16-1109 and section 1332 of
Page 4, Line 24the federal act, 42 U.S.C. sec. 18052;
Page 4, Line 25(C) Premiums in the nine geographic rating areas in the
Page 4, Line 26state; and
Page 4, Line 27(D) Enrollment in the individual market.
Page 4, Line 28(3) Notwithstanding section 24-1-136 (11)(a), the
Page 4, Line 29requirement in this section to report to the joint budget
Page 4, Line 30committee continues indefinitely.".".
Page 4, Line 31Amend printed bill, page 22, before line 20 insert:
Page 4, Line 32"SECTION 11. In Colorado Revised Statutes, 39-28.8-501, add
Page 4, Line 33(4.1) as follows:
Page 4, Line 3439-28.8-501. Marijuana tax cash fund - creation - distribution
Page 4, Line 35- legislative declaration - repeal.
Page 4, Line 36(4.1) (a) By June 30, 2026, the state treasurer shall
Page 4, Line 37transfer forty million dollars from the fund to the health
Page 4, Line 38insurance affordability cash fund created in section 10-16-1206
Page 4, Line 39(1).
Page 4, Line 40(b) This subsection (4.1) is repealed, effective July 1, 2027.
Page 4, Line 41SECTION 12. In Session Laws of Colorado 2025, section 1 of
Page 5, Line 1chapter 476, (SB25-206), amend (2)(c), (2)(h) introductory portion, and
Page 5, Line 2(h)(I) follows:
Page 5, Line 3"Section 1. Definitions - general provisions. As used in this act,
Page 5, Line 4the following definitions and general provisions shall apply:
Page 5, Line 5(2) The funds designated to constitute the state emergency reserve
Page 5, Line 6for the 2025-26 fiscal year are:
Page 5, Line 7(c) The marijuana tax cash fund created in section 39-28.8-501
Page 5, Line 8(1), C.R.S., up to a maximum of $100,000,000 $60,000,000;
Page 5, Line 9(h) Up to $39,775,000 $79,775,000 of state properties as follows:
Page 5, Line 10(I) The capitol annex building located at 1375 Sherman Street,
Page 5, Line 11Denver, Colorado, 80203, which has a value of $28,225,000
Page 5, Line 12$68,225,000; and
Page 5, Line 13SECTION 13. Amend as added by Section 1 of House Bill
Page 5, Line 1426-1410, (2)(c), (2)(h) introductory portion, and (h)(I) as follows:
Page 5, Line 15"Section 1. Definitions - general provisions. As used in this act,
Page 5, Line 16the following definitions and general provisions shall apply:
Page 5, Line 17(2) The funds designated to constitute the state emergency reserve
Page 5, Line 18for the 2026-27 fiscal year are:
Page 5, Line 19(c) The marijuana tax cash fund created in section 39-28.8-501
Page 5, Line 20(1), C.R.S., up to a maximum of $100,000,000 $60,000,000;
Page 5, Line 21(h) Up to $53,337,711 $93,337,711 of state properties as follows:
Page 5, Line 22(I) The capitol annex building located at 1375 Sherman Street,
Page 5, Line 23Denver, Colorado, 80203, which has a value of $37,237,711
Page 5, Line 24$77,237,711; and".
Page 5, Line 25Renumber succeeding section accordingly.