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April 8, 2024 HB 24-1326
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Revised Fiscal Note
(replaces fiscal note dated March 20, 2024)
Drafting Number:
Prime Sponsors:
LLS 24-0579
Rep. Ricks; Brown
Sen. Smallwood; Zenzinger
Date:
Bill Status:
Fiscal Analyst:
April 8, 2024
House Finance
Matt Bishop | 303-866-4796
matt.bishop@coleg.gov
Bill Topic: BINGO-RAFFLE LICENSING SUNSET REVIEW
Summary of
Fiscal Impact:
☒ State Revenue
☒ State Expenditure
☐ State Transfer
☒ TABOR Refund
☐ Local Government
☐ Statutory Public Entity
Sunset bill. This bill continues bingo-raffle licensing through September 1, 2029,
which is scheduled to repeal on September 1, 2024. State fiscal impacts include
minimal revenue and expenditures impacts from changes to the program under the
bill, as well as continuation of the program's current revenue and expenditures.
Appropriation
Summary:
No appropriation is required.
Fiscal Note
Status:
The revised fiscal note reflects the introduced bill, as amended by the House State,
Civic, Military, and Veterans Affairs Committee.
Table 1
State Fiscal Impacts Under HB 24-1326
1
New Impacts
Budget Year
FY 2024-25
Out Year
FY 2025-26
Revenue Cash Funds - -
Expenditures Cash Funds - -
Other Budget Impacts TABOR Refund - -
Continuing Impacts
Revenue Cash Funds - $760,000
Expenditures Cash Funds - $230,000
Continuing FTE - 3.0 FTE
Other Budget Impacts TABOR Refund - $760,000
1
Table 1 shows the new impacts resulting from changes to the program under the bill and the continuing impacts
from extending the program beyond its current repeal date. Other than certain constitutionally required activities
in the Department of State, which will continue with or without this bill, the continuing program impacts shown
above will end if the bill is not passed and the program is allowed to repeal. Page 2
April 8, 2024 HB 24-1326
Summary of Legislation
The bill continues the regulation of bingo and other games of chance by the Secretary of State
for five years, until September 1, 2029. It also modifies regulatory activities and operations of the
Colorado Bingo-Raffle Advisory Board, including:
regulating strip bingo, which is a type of bingo played with a strip card of up to five
connected bingo faces;
increasing the maximum fine imposed for violations from $100 to $250;
permitting licensees to presell tickets to a charitable gaming event; and
modifying the makeup, duties, and name of the board (Colorado Charitable Gaming Board).
Background
The sunset review for the Bingo and Raffles Licensing and the Bingo-Raffle Advisory Board is
available online here.
Continuing Program Impacts
Currently, DOS has cash fund revenue of about $850,000 per year and costs of about $320,000
and 4.0 FTE to license and regulate bingo and raffle. If this bill is enacted, current revenue and
expenditures will continue for the program starting in FY 2025-26. This continuing revenue is
subject to the state TABOR limits. If this bill is not enacted, the program will end on
September 1, 2025, following a wind-down period, and state revenue and expenditures will
decrease starting in FY 2025-26 by the amounts shown in Table 1. Because some of these
functions are constitutionally required, the fiscal note estimates that revenue and expenditures
of about $90,000 and 1.0 FTE will continue even if the bill is not enacted. The changes to the
program that drive additional revenue and costs are discussed in the State Revenue and State
Expenditures sections below.
State Revenue
The bill may increase state revenue due to higher fines imposed for violations committed by the
charitable gaming industry. The fiscal note assumes high compliance, and that any change in
revenue will be minimal.
State Expenditures
The bill increases workload in the Department of State to update rules as necessary and to
regulate strip bingo. This additional workload is expected to be minimal and no change in
appropriations is required.
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April 8, 2024 HB 24-1326
Other Budget Impacts
TABOR refunds. By continuing the bingo-raffle program, the bill is expected to continue the
amount of state revenue required to be refunded to taxpayers by the amounts shown in the
State Revenue section above. This estimate assumes the March 2024 LCS revenue forecast.
Because TABOR refunds are paid from the General Fund, increased cash fund revenue will
reduce the amount of General Fund available to spend or save.
Effective Date
The bill takes effect upon signature of the Governor, or upon becoming law without his signature.
State and Local Government Contacts
Law Personnel Revenue
Secretary of State
The revenue and expenditure impacts in this fiscal note represent changes from current law under the bill for each
fiscal year. For additional information about fiscal notes, please visit the General Assembly website.