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HB 25B-1017

Transfer of Money in Refinance Discretionary Account

2025 First Extraordinary Session Introduced by Nick Hinrichsen and 2 co-sponsors

HB 25B-1017 transfers up to $39.3 million from the Refinance Discretionary Account to boost health care subsidies, enhancing access for qualified individuals.

Introduced In House - Assigned to Appropriations
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Bill Summary · HB 25B-1017

Summary of HB 25B-1017: Transfer of Money in Refinance Discretionary Account

Bill Information:
- Bill Number: HB 25B-1017
- Title: Transfer of Money in Refinance Discretionary Account
- Status: Introduced in House - Assigned to Appropriations
- Introduced: August 21, 2025
- Classification: Bill

Purpose and Intent

House Bill 25B-1017 aims to facilitate the transfer of funds from the Refinance Discretionary Account, which was established under the American Rescue Plan Act (ARPA), to the Health Insurance Affordability Cash Fund. This transfer is intended to enhance funding for health care subsidies and administrative costs associated with increasing access to affordable health care for qualified individuals.

Key Provisions

  • Transfer of Funds: The bill mandates the state treasurer to transfer the unexpended and unencumbered balance of the Refinance Discretionary Account to the Health Insurance Affordability Cash Fund within three days of the bill's effective date. The total amount available for transfer is up to $39.3 million.
  • Exclusions: Funds that originated from the Coronavirus State Fiscal Recovery Fund are excluded from this transfer.
  • Impact on General Fund: By transferring the entire balance, the bill eliminates the possibility of any unexpended funds being transferred to the General Fund on June 1, 2027.

Fiscal Impact

  • State Expenditures: The bill is projected to have no direct impact on state expenditures for FY 2025-26 and FY 2026-27, as it does not require any appropriations.
  • State Transfers: The transfer of funds from the Refinance Discretionary Account to the Health Insurance Affordability Cash Fund is expected to be up to $39.3 million in FY 2025-26.
  • Future Implications: The bill may reduce the amount of unexpended money that could have been transferred to the General Fund in FY 2026-27.

Affected Parties

  • Health Insurance Affordability Cash Fund: This fund will benefit from the additional resources, allowing for increased subsidies and administrative support for health care coverage plans.
  • State Programs: Programs that would have been funded through the Refinance Discretionary Account may experience decreased funding as a result of this transfer.

Procedural Aspects

  • Effective Date: The bill takes effect upon the signature of the Governor or becomes law without his signature.
  • Current Status: The bill was postponed indefinitely by the House Appropriations Committee on August 21, 2025, meaning it will not proceed further in the legislative process.

Conclusion

HB 25B-1017 represents an effort to redirect funds from the Refinance Discretionary Account to support health insurance affordability initiatives. While the bill has been postponed indefinitely, its provisions highlight ongoing discussions about funding health care accessibility and the management of state resources.

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

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