SB 25-225
Fiscal Note
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
SB 25-225: LIMITED GAMING FUND DISTRIBUTION
Prime Sponsors:
Sen. Amabile; Kirkmeyer
Rep. Bird; Taggart
Published for: Senate Appropriations
Drafting number: LLS 25-0904
Fiscal Analyst:
John Armstrong, 303-866-6289
john.armstrong@coleg.gov
Version: Initial Fiscal Note
Date: March 31, 2025
Fiscal note status: The fiscal note reflects the introduced bill, which was recommended by the Joint
Budget Committee as part of its FY 2025-26 Long Bill Budget Package.
Summary Information
Overview. The bill reduces the amount of a scheduled transfer from the Limited Gaming Fund to the
Advanced Industries Acceleration Cash Fund in FY 2025-26.
Types of impacts. The bill is projected to affect the following areas in FY 2025-26:
State Transfer State Expenditures
Appropriations. No appropriation is required.
Table 1
State Fiscal Impacts
Type of Impact
1
Budget Year
FY 2025-26
Out Year
FY 2026-27
State Revenue $0 $0
State Expenditures -$3,660,000 $0
State Transfers -$3,660,000 $0
Change in TABOR Refunds $0 $0
Change in State FTE 0.0 FTE 0.0 FTE
1
Fund sources for these impacts are shown in the tables below. Page 2
March 31, 2025 SB 25-225
Table 1A
State Expenditures
Fund Source
Budget Year
FY 2025-26
Out Year
FY 2026-27
General Fund $0 $0
Advanced Industries Acceleration Fund -$3,660,000 $0
Federal Funds $0 $0
Centrally Appropriated $0 $0
Total Expenditures -$3,660,000 $0
Total FTE 0.0 FTE 0.0 FTE
Table 1B
State Transfers
Fund Source
Budget Year
FY 2025-26
Out Year
FY 2026-27
Limited Gaming Fund $3,660,000 $0
Advanced Industries Acceleration Fund -$3,660,000 $0
Net Transfer $0 $0
Summary of Legislation
Current law requires the state treasurer to annually transfer $5.5 million from the Limited
Gaming Fund to the Advanced Industries Acceleration Cash Fund. The bill reduces the amount
of this transfer to $1.84 million in FY 2025-26 only.
Background
The Advanced Industries Accelerator Grant Program, managed by the Office of Economic
Development and International Trade (OEDIT), provides grants to certain manufacturing,
aerospace, bioscience, energy, engineering and information industries. The program is partially
funded by the Limited Gaming Fund, which collects revenues from casinos and gaming taxes.
Even with the reduced transfer, it is assumed the grant program will continue operating using
the remaining amount transferred and other fund sources. Page 3
March 31, 2025 SB 25-225
State Transfers
In FY 2025-26 only, the bill transfers $1,840,000 from the Limited Gaming Fund to the Advanced
Industries Acceleration Cash Fund. This is $3.66 million less than the Acceleration Fund would
receive under current law. This $3.66 million that will remain in the Limited Gaming Fund can be
used for other purposes.
State Expenditures
The bill will decrease spending on grants from the Advanced Industries Acceleration Cash Fund
by $3.6 million in FY 2025-26 only. The OEDIT will adjust grant distributions for the Advanced
Industries Acceleration Grant Program to reflect available funding. Workload to make these
adjustments is assumed to be minimal and can be accomplished within existing resources. The
Acceleration Fund is continuously appropriated to OEDIT, so no change in appropriations is
required to reflect the change in available grant funding.
Effective Date
The bill takes effect 90 days following adjournment of the General Assembly sine die, assuming
no referendum petition is filed.
State and Local Government Contacts
Economic Development
Joint Budget Committee Staff
Revenue
Treasury
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.