SB 25-267 Fiscal Note Legislative Council Staff Nonpartisan Services for Colorado’s Legislature SB25-267: ELIMINATE ROLL-FORWARD AUTH IN UTILITIES LINE ITEM Prime Sponsors: Sen. Amabile; Kirkmeyer Rep. Sirota; Taggart Published for: Senate Appropriations Drafting number: LLS 25-1007 Fiscal Analyst: Colin Gaiser, 303-866-2677 colin.gaiser@coleg.gov Version: Initial Fiscal Note Date: March 31, 2025 Fiscal note status: This fiscal note reflects the introduced bill, which was recommended by the Joint Budget Committee as part of the FY 2025-26 Long Bill budget package. Summary Information Overview. The bill removes the ability for state agencies to purchase energy conservation equipment and services with unspent funds in their utilities line item without a further appropriation. Types of impacts. The bill is projected to affect the following areas on an ongoing basis: State Expenditures Appropriations. No appropriation is required. Table 1 State Fiscal Impacts Type of Impact Budget Year FY 2025-26 Out Year FY 2026-27 State Revenue $0 $0 State Expenditures $0 $0 Transferred Funds $0 $0 Change in TABOR Refunds $0 $0 Change in State FTE 0.0 FTE 0.0 FTE Page 2 March 31, 2025 SB 25-267 Summary of Legislation Under current law, state agencies may use unexpended and unencumbered money from their utilities line item to purchase energy conservation equipment and services without further appropriation in the following fiscal year. The bill eliminates this roll-forward authority. State Expenditures The bill may decrease expenditures in agencies starting in FY 2025-26 by removing the ability of unspent money in utilities line items to fund certain conservation activities in the following fiscal year. At this time, an estimate of any unspent money is not available and will depend on state agency spending decisions and utility costs. To the extent any agency utilities line items have unspent money at the end of the fiscal year, this will result in additional money in the original fund source in the following year, including for the General Fund and affected cash funds. Effective Date The bill takes effect upon signature of the Governor, or upon becoming law without his signature. State and Local Government Contacts Joint Budget Committee 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.