HB 13-1181 Summary

• Establishes a cash fund retention policy allowing tobacco litigation settlement funds to retain either all unencumbered moneys or 5% of annual appropriations, whichever is lesser, rather than transferring excess funds to the general fund.

• Applies the retention requirement to multiple health and social service programs including youth services, health education, behavioral health, public health services, AIDS drug assistance, immunization, and offender mental health services.

• Redirects retained funds exceeding the 5% threshold to the tobacco litigation settlement cash fund created in section 24-22-115 instead of the general fund.

• Modifies settlement money allocation statutes to clarify fund creation, principal composition, and spending authority for programs receiving tobacco litigation moneys.

• Takes effect upon passage, with conditional provisions for sections 2 and 7 that only apply if House Bill 13-1117 becomes law.