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Bill

SB 25-311

Inactive Cash Funds

2025 Regular Session Introduced by Judy Amabile and 6 co-sponsors

Creates procedures to identify inactive state cash funds, sweep dormant balances into a central account, and provide notice and reclamation rights for claimants.

Governor Signed
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WeVote Research Nonpartisan
Bill Summary · SB 25-311

Summary — SB 25‑311: Inactive Cash Funds

Status: Governor signed (2025-06-03)
Introduced: April 24, 2025
Primary sponsors: Shannon Bird, Rick Taggart, Barbara Kirkmeyer, Judy Amabile
Cosponsors: M. Carter, J. Bridges, E. Sirota

Note: The bill text was not provided. The summary below reports the bill’s procedural history and sponsors and (separately) outlines the likely purpose and typical provisions of bills entitled “Inactive Cash Funds.” Where I infer content, I clearly label it as an inference and recommend reviewing the official bill text for specifics.

Procedural history (key dates)

  • 2025-04-24: Introduced in Senate; assigned to Appropriations
  • 2025-04-29 to 05-03: Passed both chambers (Senate and House) on special orders and consent calendar with no amendments reported
  • 2025-05-13: Sent to and signed by Senate President and House Speaker
  • 2025-06-03: Governor signed; bill enacted

The record shows swift passage with no amendments, indicating bipartisan agreement or noncontroversial status.

What the bill likely addresses (based on title)

Because the bill text is not included, the title “Inactive Cash Funds” suggests the bill concerns state-held cash funds that are inactive (unused or dormant). Bills with this title commonly aim to do one or more of the following:
- Identify cash funds that have had no activity for a specified period and declare them “inactive.”
- Require agencies to report inactive funds to the State Treasurer or a central office.
- Transfer balances of inactive funds to a central account (for example, a state general fund or an “inactive cash funds” clearing account), possibly after notice and an opportunity for claim.
- Establish notification, claim, and reclamation procedures so original owners, state agencies, or the public may reclaim funds.
- Provide exceptions for funds reserved by federal law, trust agreements, ongoing litigation, or other legal constraints.
- Set effective dates and require periodic reporting or audits of inactive funds.

Potential impacts and who would be affected

  • State agencies that maintain cash funds: required reporting, reconciliation, or transfers of dormant balances.
  • State Treasurer / Department of Revenue / Office of State Controller: administrative responsibility for transfers, notices, and managing claims.
  • The General Fund or other centralized state accounts: potential receipts if funds are swept into central accounts.
  • Entities or members of the public with claims to dormant fund balances: would be affected by notice/claim procedures.
  • Budget and fiscal planning: one‑time or recurring revenue effects depending on the amount and treatment of swept funds.

Fiscal and procedural considerations

  • Fiscal impact depends entirely on the amounts in identified inactive funds and whether transfers are one‑time or recurring; absent the text or fiscal note there is no specific dollar estimate.
  • Legal constraints (federal funds, trusts, statutory dedicates) may limit transfers.
  • Timelines for notice and reclamation typically range from months to years; specifics require the bill language.

Recommendation / Next step

To confirm exact provisions, exceptions, timelines, and fiscal effects, review the enacted bill text and any accompanying fiscal note on the Colorado General Assembly website or the Governor’s bill packet for SB 25‑311. If you’d like, I can retrieve and summarize the official bill text and fiscal note.

Compiled from official sources — confirm details with the bill’s official record.

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