Colorado 2022 Regular Session

Colorado House Bill HB1342 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+	Second Regular Session
	2	+	Seventy-third General Assembly
	3	+	STATE OF COLORADO
	4	+	REREVISED
	5	+	This Version Includes All Amendments
	6	+	Adopted in the Second House
	7	+	LLS NO. 22-0986.01 Ed DeCecco x4216
1	8		HOUSE BILL 22-1342
2		-	BY REPRESENTATIVE(S) Herod and Ransom, McCluskie, Esgar, Exum,
3		-	Gonzales-Gutierrez, Lindsay, Mullica, Ricks, Snyder, Titone, Valdez A.,
4		-	Garnett;
5		-	also SENATOR(S) Hansen and Rankin, Zenzinger, Buckner, Gonzales,
6		-	Lee, Moreno, Pettersen, Fenberg.
	9	+	House Committees Senate Committees
	10	+	Appropriations Appropriations
	11	+	A BILL FOR AN ACT
7	12		C
8		-	ONCERNING THE REQUIREMENT THAT INTEREST AND INCOME DERIVED
9		-	FROM THE DEPOSIT AND INVESTMENT OF FEDERAL FUNDS THAT THE
10		-	STATE RECEIVED FROM THE FEDERAL CORONAVIRUS STATE FISCAL
11		-	RECOVERY FUND BE CREDITED TO THE STATE EMERGENCY RESERVE
12		-	CASH FUND
13		-	.
14		-	Be it enacted by the General Assembly of the State of Colorado:
15		-	SECTION 1. In Colorado Revised Statutes, 24-75-226, amend
16		-	(3)(c) and (4)(c) as follows:
17		-	24-75-226. "American Rescue Plan Act of 2021" cash fund -
18		-	creation - recipient funds - limitations - reporting - definitions - repeal.
19		-	(3) (c) The state treasurer shall credit all interest and income derived from
20		-	the deposit and investment of money in the fund to the
21		-	STATE EMERGENCY
22		-	RESERVE CASH
23		-	fund CREATED IN SECTION 24-77-104 (6)(a).
24		-	NOTE: This bill has been prepared for the signatures of the appropriate legislative
25		-	officers and the Governor. To determine whether the Governor has signed the bill
26		-	or taken other action on it, please consult the legislative status sheet, the legislative
27		-	history, or the Session Laws.
28		-	________
29		-	Capital letters or bold & italic numbers indicate new material added to existing law; dashes
30		-	through words or numbers indicate deletions from existing law and such material is not part of
31		-	the act. (4) (c) (I) Notwithstanding any provision of law to the contrary, in
32		-	order to ensure proper accounting for and compliance with the "American
33		-	Rescue Plan Act of 2021", whenever money is transferred or appropriated
34		-	to a recipient fund that also has money from other sources, the state
35		-	controller or department controller shall create a companion cash fund that
36		-	includes only the money the state received from the federal coronavirus
37		-	state fiscal recovery fund under section 9901 of title IX, subtitle M of the
38		-	"American Rescue Plan Act of 2021", but that is otherwise legally identical
39		-	to the recipient fund,
40		-	EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION
41		-	(4)(c)(II) OF THIS SECTION.
	13	+	ONCERNING THE REQUIREMEN T THAT INTEREST AND INCOME101
	14	+	DERIVED FROM THE DEPOSIT AND INVESTMENT OF FEDERAL102
	15	+	FUNDS THAT THE STATE RECEIVED FROM THE FEDERAL103
	16	+	CORONAVIRUS STATE FISCAL RECOVERY FUND BE CREDITED TO104
	17	+	THE STATE EMERGENCY RESERVE CASH FUND .105
	18	+	Bill Summary
	19	+	(Note: This summary applies to this bill as introduced and does
	20	+	not reflect any amendments that may be subsequently adopted. If this bill
	21	+	passes third reading in the house of introduction, a bill summary that
	22	+	applies to the reengrossed version of this bill will be available at
	23	+	http://leg.colorado.gov/
	24	+	.)
	25	+	Joint Budget Committee. Section 1 of the bill requires the state
	26	+	treasurer to credit any interest and income derived from the deposit and
	27	+	SENATE
	28	+	3rd Reading Unamended
	29	+	April 7, 2022
	30	+	SENATE
	31	+	2nd Reading Unamended
	32	+	April 6, 2022
	33	+	HOUSE
	34	+	3rd Reading Unamended
	35	+	March 31, 2022
	36	+	HOUSE
	37	+	2nd Reading Unamended
	38	+	March 30, 2022
	39	+	HOUSE SPONSORSHIP
	40	+	Herod and Ransom, McCluskie, Esgar, Exum, Garnett, Gonzales-Gutierrez, Lindsay,
	41	+	Mullica, Ricks, Snyder, Titone, Valdez A.
	42	+	SENATE SPONSORSHIP
	43	+	Hansen and Rankin, Zenzinger, Buckner, Fenberg, Gonzales, Lee, Moreno, Pettersen
	44	+	Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
	45	+	Capital letters or bold & italic numbers indicate new material to be added to existing statute.
	46	+	Dashes through the words indicate deletions from existing statute. investment of federal funds that the state received from the federal
	47	+	coronavirus state fiscal recovery fund to the state emergency reserve cash
	48	+	fund (fund), which is available for declared emergencies only as required
	49	+	by the Taxpayer's Bill of Rights. Sections 2 through 15 make
	50	+	conforming amendments related to this change.
	51	+	Be it enacted by the General Assembly of the State of Colorado:1
	52	+	SECTION 1. In Colorado Revised Statutes, 24-75-226, amend2
	53	+	(3)(c) and (4)(c) as follows:3
	54	+	24-75-226. "American Rescue Plan Act of 2021" cash fund -4
	55	+	creation - recipient funds - limitations - reporting - definitions -5
	56	+	repeal. (3) (c) The state treasurer shall credit all interest and income6
	57	+	derived from the deposit and investment of money in the fund to the7
	58	+	STATE EMERGENCY RESERVE CASH fund CREATED IN SECTION 24-77-1048
	59	+	(6)(a).9
	60	+	(4) (c) (I) Notwithstanding any provision of law to the contrary,10
	61	+	in order to ensure proper accounting for and compliance with the11
	62	+	"American Rescue Plan Act of 2021", whenever money is transferred or12
	63	+	appropriated to a recipient fund that also has money from other sources,13
	64	+	the state controller or department controller shall create a companion cash14
	65	+	fund that includes only the money the state received from the federal15
	66	+	coronavirus state fiscal recovery fund under section 9901 of title IX,16
	67	+	subtitle M of the "American Rescue Plan Act of 2021", but that is17
	68	+	otherwise legally identical to the recipient fund,
	69	+	EXCEPT AS OTHERWISE18
	70	+	PROVIDED IN SUBSECTION (4)(c)(II) OF THIS SECTION.19
42	71		(II) N
43		-	OTWITHSTANDING ANY PROVISION OF LAW TO ~~THE CONTRARY ,~~
44		-	THE STATE TREASURER SHALL CREDIT ALL INTEREST ~~AND INCOME DERIVED~~
45		-	FROM THE DEPOSIT AND INVESTMENT OF MONEY IN ~~A RECIPIENT FUND THAT~~
46		-	ORIGINATES FROM MONEY THE STATE ~~RECEIVED FROM THE FEDERAL~~
47		-	CORONAVIRUS STATE FISCAL RECOVERY FUND TO ~~THE STATE EMERGENCY~~
48		-	RESERVE CASH FUND CREATED IN SECTION
49		-	~~24-77-104~~ (6)(a).
50		-	SECTION 2. In Colorado Revised Statutes, 24-77-104, ~~amend~~
51		-	(6)(a) as follows:
52		-	24-77-104. State emergency reserve - cash fund - creation -
53		-	declaration of emergency - reimbursement of emergency ~~reserve~~
54		-	expenditures. (6) (a) The state emergency reserve cash fund, referred to
55		-	in this subsection (6) as the "fund", is hereby created in the state treasury.
56		-	The fund consists of money transferred to the fund pursuant to ~~subsection~~
	72	+	OTWITHSTANDING ANY PROVISION OF LAW TO THE20
	73	+	CONTRARY, THE STATE TREASURER SHALL CREDIT ALL INTEREST AND21
	74	+	INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN A22
	75	+	RECIPIENT FUND THAT ORIGINATES FROM MONEY THE STATE RECEIVED23
	76	+	1342-2- FROM THE FEDERAL CORONAVIRUS STATE FISCAL RECOVERY FUND TO THE1
	77	+	STATE EMERGENCY RESERVE CASH FUND CREATED IN SECTION 24-77-1042
	78	+	(6)(a).3
	79	+	SECTION 2. In Colorado Revised Statutes, 24-77-104, amend4
	80	+	(6)(a) as follows:5
	81	+	24-77-104. State emergency reserve - cash fund - creation -6
	82	+	declaration of emergency - reimbursement of emergency reserve7
	83	+	expenditures. (6) (a) The state emergency reserve cash fund, referred to8
	84	+	in this subsection (6) as the "fund", is hereby created in the state treasury.9
	85	+	The fund consists of money transferred to the fund pursuant to subsection10
57	86		(6)(c) of this section,
58		-	INTEREST AND INCOME CREDITED TO THE ~~FUND~~
59		-	PURSUANT TO SECTION
60		-	~~24-75-226 (4)(c)(II), and any other money that~~ the
61		-	~~general assembly may appropriate to~~ the ~~fund. The state treasurer shall~~
62		-	~~credit all interest and income derived from~~ the ~~deposit and investment of~~
63		-	~~money~~ in ~~the state emergency reserve cash fund to the fund.~~
64		-	~~SECTION 3.~~ ~~In Colorado Revised Statutes, 13-40-127, amend~~
65		-	~~(9)(a) as follows:~~
66		-	~~13-40-127. Eviction legal assistance - fund - rules - report -~~
67		-	~~definitions - repeal.~~ ~~(9) (a) In accordance with section 24-75-229 (4)~~, ~~three~~
68		-	~~days after June 25,~~ ~~2021,~~ the ~~state treasurer shall transfer one million five~~
69		-	~~hundred thousand dollars from~~ the ~~affordable housing and home ownership~~
70		-	~~PAGE 2-HOUSE BILL 22-1342 cash fund created in section 24-75-229 (3)(a) to the fund~~ for the purpose of
71		-	~~providing legal representation to indigent tenants to~~ resolve civil legal
72		-	~~matters arising on and after March 1, 2020, for an~~ eviction or impending
73		-	~~eviction related to the public health emergency~~ caused by the COVID-19
74		-	~~public health emergency. The money~~ transferred to the fund pursuant to this
75		-	~~subsection (9)(a) must be maintained in a separate account and must be used~~
76		-	only for the ~~purposes specified in this subsection (9)(a). N~~
77		-	~~OTWITHSTANDING~~
78		-	SUBSECTION
79		-	~~(5)(b)~~ OF THIS SECTION, THE STATE TREASURER SHALL CREDIT
80		-	~~ALL INTEREST AND~~ INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT
81		-	~~OF MONEY IN THE~~ ACCOUNT TO THE STATE EMERGENCY FUND CREATED IN
82		-	~~SECTION~~
83		-	~~24-77-104 (6)(a)~~ IN ACCORDANCE WITH SECTION 24-75-226
84		-	~~(4)(c)(II). The~~ general assembly shall appropriate the money transferred to
85		-	~~the fund~~ pursuant to this subsection (9)(a) to the administrator for use in
86		-	accordance with this subsection (9)(a). The administrator shall use ~~the~~
87		-	money by December 31, 2024, for the purposes specified in ~~this subsection~~
88		-	(9)(a).
89		-	SECTION 4. In Colorado Revised Statutes, 23-3.3-1005, add (8)
90		-	as follows:
91		-	23-3.3-1005. Colorado opportunity scholarship initiative ~~fund~~
	87	+	INTEREST AND INCOME CREDITED TO THE FUND11
	88	+	PURSUANT TO SECTION 24-75-226 (4)(c)(II), and any other money that the12
	89	+	general assembly may appropriate to the fund. The state treasurer shall13
	90	+	credit all interest and income derived from the deposit and investment of14
	91	+	money in the state emergency reserve cash fund to the fund.15
	92	+	SECTION 3. In Colorado Revised Statutes, 13-40-127, amend16
	93	+	(9)(a) as follows:17
	94	+	13-40-127. Eviction legal assistance - fund - rules - report -18
	95	+	definitions - repeal. (9) (a) In accordance with section 24-75-229 (4),19
	96	+	three days after June 25, 2021, the state treasurer shall transfer one20
	97	+	million five hundred thousand dollars from the affordable housing and21
	98	+	home ownership cash fund created in section 24-75-229 (3)(a) to the fund22
	99	+	for the purpose of providing legal representation to indigent tenants to23
	100	+	resolve civil legal matters arising on and after March 1, 2020, for an24
	101	+	eviction or impending eviction related to the public health emergency25
	102	+	caused by the COVID-19 public health emergency. The money26
	103	+	transferred to the fund pursuant to this subsection (9)(a) must be27
	104	+	1342
	105	+	-3- maintained in a separate account and must be used only for the purposes1
	106	+	specified in this subsection (9)(a). N
	107	+	OTWITHSTANDING SUBSECTION (5)(b)2
	108	+	OF THIS SECTION, THE STATE TREASURER SHALL CREDIT ALL INTEREST AND3
	109	+	INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE4
	110	+	ACCOUNT TO THE STATE EMERGENCY FUND CREATED IN SECTION5
	111	+	24-77-104 (6)(a)
	112	+	IN ACCORDANCE WITH SECTION 24-75-226 (4)(c)(II). The6
	113	+	general assembly shall appropriate the money transferred to the fund7
	114	+	pursuant to this subsection (9)(a) to the administrator for use in8
	115	+	accordance with this subsection (9)(a). The administrator shall use the9
	116	+	money by December 31, 2024, for the purposes specified in this10
	117	+	subsection (9)(a).11
	118	+	SECTION 4. In Colorado Revised Statutes, 23-3.3-1005, add (8)12
	119	+	as follows:13
	120	+	23-3.3-1005. Colorado opportunity scholarship initiative fund14
92	121		- created - rules - repeal. (8) (a) N
93		-	OTWITHSTANDING SUBSECTION (2) OF
94		-	THIS SECTION
95		-	, THE STATE TREASURER SHALL CREDIT ALL INTEREST AND
96		-	INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY
97		-	APPROPRIATED TO THE FUND PURSUANT TO SUBSECTIONS
98		-	(6)(a) AND (7)(a)
99		-	OF THIS SECTION TO THE STATE EMERGENCY FUND CREATED IN SECTION
100		-	24-77-104 (6)(a) IN ACCORDANCE WITH SECTION 24-75-226 (4)(c)(II).
	122	+	OTWITHSTANDING SUBSECTION (2) OF15
	123	+	THIS SECTION, THE STATE TREASURER SHALL CREDIT ALL INTEREST AND16
	124	+	INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY17
	125	+	APPROPRIATED TO THE FUND PURSUANT TO SUBSECTIONS (6)(a) AND (7)(a)18
	126	+	OF THIS SECTION TO THE STATE EMERGENCY FUND CREATED IN SECTION19
	127	+	24-77-104 (6)(a)
	128	+	IN ACCORDANCE WITH SECTION 24-75-226 (4)(c)(II).20
101	129		(b) T
102		-	HIS SUBSECTION (8) IS REPEALED, EFFECTIVE JULY 1, 2026.
103		-	SECTION 5. In Colorado Revised Statutes, 24-4.2-103, ~~amend (2)~~
104		-	as follows:
105		-	24-4.2-103. Victims and witnesses assistance and ~~law~~
	130	+	HIS SUBSECTION (8) IS REPEALED, EFFECTIVE JULY 1, 2026.21
	131	+	SECTION 5. In Colorado Revised Statutes, 24-4.2-103, amend22
	132	+	(2) as follows:23
	133	+	24-4.2-103. Victims and witnesses assistance and law24
106	134		enforcement fund - control of fund. (2) All moneys
107		-	MONEY deposited in
108		-	the fund shall be deposited in an interest-bearing account, which would be
109		-	a legal investment for the state treasurer. All interest earned by moneys
110		-	AND
111		-	INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY
112		-	in the
113		-	fund shall be credited to the fund,
114		-	EXCEPT AS OTHERWISE PROVIDED IN
115		-	SECTION
116		-	24-75-226 (4)(c)(II).
117		-	PAGE 3-HOUSE BILL 22-1342 SECTION 6. In Colorado Revised Statutes, 24-32-721, amend
118		-	(3)(a) as follows:
119		-	24-32-721. Colorado affordable housing construction grants and
120		-	loans - housing development grant fund - creation - housing assistance
121		-	for persons with behavioral, mental health, or substance use disorders
122		-	- cash fund - appropriation - report to general assembly - rules -
123		-	definitions - repeal. (3) (a) E
124		-	XCEPT AS OTHERWISE PROVIDED IN SECTION
125		-	24-75-226 (4)(c)(II), any money in the fund not expended or encumbered
126		-	from any appropriation at the end of any fiscal year, including interest
127		-	AND
128		-	INCOME
129		-	earned on the investment or deposit of money in the fund, remains
130		-	in the fund and does not revert to the general fund or any other fund and
131		-	remains available for expenditure by the division in subsequent fiscal years
132		-	for the purposes specified in subsection (1.5) or (2) of this section without
133		-	further appropriation.
134		-	SECTION 7. In Colorado Revised Statutes, 24-32-3207, amend (4)
135		-	as follows:
136		-	24-32-3207. Colorado heritage communities fund - creation -
	135	+	MONEY deposited25
	136	+	in the fund shall be deposited in an interest-bearing account, which would26
	137	+	be a legal investment for the state treasurer. All interest earned by moneys27
	138	+	1342
	139	+	-4- AND INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY in1
	140	+	the fund shall be credited to the fund,
	141	+	EXCEPT AS OTHERWISE PROVIDED2
	142	+	IN SECTION 24-75-226 (4)(c)(II).3
	143	+	SECTION 6. In Colorado Revised Statutes, 24-32-721, amend4
	144	+	(3)(a) as follows:5
	145	+	24-32-721. Colorado affordable housing construction grants6
	146	+	and loans - housing development grant fund - creation - housing7
	147	+	assistance for persons with behavioral, mental health, or substance8
	148	+	use disorders - cash fund - appropriation - report to general assembly9
	149	+	- rules - definitions - repeal. (3) (a) E
	150	+	XCEPT AS OTHERWISE PROVIDED10
	151	+	IN SECTION 24-75-226 (4)(c)(II), any money in the fund not expended or11
	152	+	encumbered from any appropriation at the end of any fiscal year,12
	153	+	including interest
	154	+	AND INCOME earned on the investment or deposit of13
	155	+	money in the fund, remains in the fund and does not revert to the general14
	156	+	fund or any other fund and remains available for expenditure by the15
	157	+	division in subsequent fiscal years for the purposes specified in16
	158	+	subsection (1.5) or (2) of this section without further appropriation.17
	159	+	SECTION 7. In Colorado Revised Statutes, 24-32-3207, amend18
	160	+	(4) as follows:19
	161	+	24-32-3207. Colorado heritage communities fund - creation -20
137	162		source of funds. (4) E
138		-	XCEPT AS OTHERWISE PROVIDED IN ~~SECTION~~
	163	+	XCEPT AS OTHERWISE PROVIDED IN SECTION21
139	164		24-75-226 (4)(c)(II), all moneys
140		-	MONEY, including interest AND INCOME
141		-	earned on the investment or deposit of moneys MONEY in the fund, shall
142		-	remain in the fund and shall not revert to the general fund of the state at the
143		-	end of any fiscal year.
144		-	SECTION 8. In Colorado Revised Statutes, 24-37.5-119, amend
145		-	(4)(b)(I) as follows:
146		-	24-37.5-119. Broadband service - report - broadband
147		-	deployment board - broadband administrative fund - creation - rules
148		-	- legislative declaration - definitions - repeal. (4) (b) (I) The broadband
149		-	stimulus account, referred to in this subsection (4)(b) as the "account", is
150		-	hereby created in the fund and consists of money the state received from the
151		-	federal coronavirus state fiscal recovery fund created in the federal
152		-	"American Rescue Plan Act of 2021", Pub.L. 117-2, and any money that the
153		-	general assembly may appropriate. Within three days after July 7, 2021, the
154		-	state treasurer shall transfer thirty-five million dollars from the economic
155		-	recovery and relief cash fund created in section 24-75-228 (2)(a) to the
156		-	account. The money in the account is subject to annual appropriation by the
157		-	PAGE 4-HOUSE BILL 22-1342 general assembly for use by the board for the purpose of reviewing and
158		-	awarding grants under the broadband stimulus grant program created in
159		-	subsection (9.5) of this section. All interest
160		-	AND INCOME earned from THE
161		-	DEPOSIT AND
162		-	investment of money in the account is credited to the accountSTATE EMERGENCY RESERVE CASH FUND CREATED IN SECTION 24-77-104
163		-	(6)(a)
164		-	IN ACCORDANCE WITH SECTION 24-75-226 (4)(c)(II). All money not
165		-	expended from the account at the end of a fiscal year remains in the account
166		-	and does not revert to the economic recovery and relief cash fund created
167		-	in section 24-75-228 (2)(a) or any other fund.
168		-	SECTION 9. In Colorado Revised Statutes, 24-48.5-131, amend
169		-	(9)(b) as follows:
170		-	24-48.5-131. Colorado startup loan program - fund - creation -
171		-	policies - report - legislative declaration - definitions - repeal.
172		-	(9) (b) The state treasurer shall credit all interest and income derived from
173		-	the deposit and investment of money in the fund to the fund,
174		-	EXCEPT AS
175		-	OTHERWISE PROVIDED IN SECTION
176		-	24-75-226 (4)(c)(II).
177		-	SECTION 10. In Colorado Revised Statutes, 24-75-227, repeal
178		-	(2)(b)(II) as follows:
179		-	24-75-227. Revenue loss restoration cash fund - creation -
180		-	allowable uses - definitions - repeal. (2) (b) (II) The state treasurer shall
181		-	credit all interest and income derived from the deposit and investment of
182		-	money in the fund to the fund.
183		-	SECTION 11. In Colorado Revised Statutes, 24-75-228, repeal
184		-	(3)(b) as follows:
185		-	24-75-228. Economic recovery and relief cash fund - creation -
186		-	allowable uses - interim task force - report - legislative declaration -
187		-	definitions - repeal. (3) (b) The state treasurer shall credit all interest and
188		-	income derived from the deposit and investment of money in the fund to the
189		-	fund.
190		-	SECTION 12. In Colorado Revised Statutes, 24-75-229, repeal
191		-	(3)(b)(II) as follows:
192		-	24-75-229. Affordable housing and home ownership cash fund
193		-	PAGE 5-HOUSE BILL 22-1342 - creation - allowable uses - task force - legislative declaration -
194		-	definitions - repeal. (3) (b) (II) The state treasurer shall credit all interest
195		-	and income derived from the deposit and investment of money in the fund
196		-	to the fund.
197		-	SECTION 13. In Colorado Revised Statutes, 24-75-230, repeal
198		-	(2)(b)(II) as follows:
199		-	24-75-230. Behavioral and mental health cash fund - creation -
200		-	allowable uses - task force - definitions - repeal. (2) (b) (II) The state
201		-	treasurer shall credit all interest and income derived from the deposit and
202		-	investment of money in the fund to the fund.
203		-	SECTION 14. In Colorado Revised Statutes, 24-75-231, repeal
204		-	(2)(b)(II) as follows:
205		-	24-75-231. Workers, employers, and workforce centers cash
206		-	fund - creation - allowable uses - definitions - repeal. (2) (b) (II) The
207		-	state treasurer shall credit all interest and income derived from the deposit
208		-	and investment of money in the fund to the fund.
209		-	SECTION 15. In Colorado Revised Statutes, 39-22-802, amend (1)
210		-	as follows:
211		-	39-22-802. Contributions credited to Colorado domestic abuse
212		-	program fund - creation - appropriation. (1) The department of revenue
213		-	shall determine annually the total amount designated pursuant to section
214		-	39-22-801 and shall report such amount to the state treasurer. The state
215		-	treasurer shall credit such amount to the Colorado domestic abuse program
216		-	fund, a cash fund hereby established in the state treasury. The controller,
217		-	upon presentation of vouchers properly drawn and signed by the executive
218		-	director of the department of human services, pursuant to section
219		-	26-7.5-105, C.R.S.,
220		-	shall issue warrants drawn on the Colorado domestic
221		-	abuse program fund. All moneys MONEY in the Colorado domestic abuse
222		-	program fund at the end of a fiscal year, after appropriations made pursuant
223		-	to subsection (3) of this section, shall remain in the fund to be used for the
224		-	purposes set forth in article 7.5 of title 26 C.R.S.,
225		-	and shall not revert to the
226		-	general fund. Any interest earned on moneys DERIVED FROM THE DEPOSIT
227		-	AND INVESTMENT OF MONEY
228		-	in the fund shall remain in the fund to be used
229		-	for the purposes of article 7.5 of title 26, C.R.S.
230		-	EXCEPT AS OTHERWISE
231		-	PAGE 6-HOUSE BILL 22-1342 PROVIDED IN SECTION 24-75-226 (4)(c)(II).
232		-	SECTION 16. Safety clause. The general assembly hereby finds,
233		-	determines, and declares that this act is necessary for the immediate
234		-	preservation of the public peace, health, or safety.
235		-	____________________________ ____________________________
236		-	Alec Garnett Steve Fenberg
237		-	SPEAKER OF THE HOUSE PRESIDENT OF
238		-	OF REPRESENTATIVES THE SENATE
239		-	____________________________ ____________________________
240		-	Robin Jones Cindi L. Markwell
241		-	CHIEF CLERK OF THE HOUSE SECRETARY OF
242		-	OF REPRESENTATIVES THE SENATE
243		-	APPROVED________________________________________
244		-	(Date and Time)
245		-	_________________________________________
246		-	Jared S. Polis
247		-	GOVERNOR OF THE STATE OF COLORADO
248		-	PAGE 7-HOUSE BILL 22-1342
	165	+	MONEY, including interest AND INCOME22
	166	+	earned on the investment or deposit of moneys MONEY in the fund, shall23
	167	+	remain in the fund and shall not revert to the general fund of the state at24
	168	+	the end of any fiscal year.25
	169	+	SECTION 8. In Colorado Revised Statutes, 24-37.5-119, amend26
	170	+	(4)(b)(I) as follows:27
	171	+	1342
	172	+	-5- 24-37.5-119. Broadband service - report - broadband1
	173	+	deployment board - broadband administrative fund - creation - rules2
	174	+	- legislative declaration - definitions - repeal. (4) (b) (I) The broadband3
	175	+	stimulus account, referred to in this subsection (4)(b) as the "account", is4
	176	+	hereby created in the fund and consists of money the state received from5
	177	+	the federal coronavirus state fiscal recovery fund created in the federal6
	178	+	"American Rescue Plan Act of 2021", Pub.L. 117-2, and any money that7
	179	+	the general assembly may appropriate. Within three days after July 7,8
	180	+	2021, the state treasurer shall transfer thirty-five million dollars from the9
	181	+	economic recovery and relief cash fund created in section 24-75-22810
	182	+	(2)(a) to the account. The money in the account is subject to annual11
	183	+	appropriation by the general assembly for use by the board for the12
	184	+	purpose of reviewing and awarding grants under the broadband stimulus13
	185	+	grant program created in subsection (9.5) of this section. All interest
	186	+	AND14
	187	+	INCOME earned from THE DEPOSIT AND investment of money in the15
	188	+	account is credited to the account
	189	+	STATE EMERGENCY RESERVE CASH FUND16
	190	+	CREATED IN SECTION 24-77-104 (6)(a) IN ACCORDANCE WITH SECTION17
	191	+	24-75-226 (4)(c)(II). All money not expended from the account at the end18
	192	+	of a fiscal year remains in the account and does not revert to the economic19
	193	+	recovery and relief cash fund created in section 24-75-228 (2)(a) or any20
	194	+	other fund.21
	195	+	SECTION 9. In Colorado Revised Statutes, 24-48.5-131, amend22
	196	+	(9)(b) as follows:23
	197	+	24-48.5-131. Colorado startup loan program - fund - creation24
	198	+	- policies - report - legislative declaration - definitions - repeal.25
	199	+	(9) (b) The state treasurer shall credit all interest and income derived26
	200	+	from the deposit and investment of money in the fund to the fund,
	201	+	EXCEPT27
	202	+	1342
	203	+	-6- AS OTHERWISE PROVIDED IN SECTION 24-75-226 (4)(c)(II).1
	204	+	SECTION 10. In Colorado Revised Statutes, 24-75-227, repeal2
	205	+	(2)(b)(II) as follows:3
	206	+	24-75-227. Revenue loss restoration cash fund - creation -4
	207	+	allowable uses - definitions - repeal. (2) (b) (II) The state treasurer shall5
	208	+	credit all interest and income derived from the deposit and investment of6
	209	+	money in the fund to the fund.7
	210	+	SECTION 11. In Colorado Revised Statutes, 24-75-228, repeal8
	211	+	(3)(b) as follows:9
	212	+	24-75-228. Economic recovery and relief cash fund - creation10
	213	+	- allowable uses - interim task force - report - legislative declaration11
	214	+	- definitions - repeal. (3) (b) The state treasurer shall credit all interest12
	215	+	and income derived from the deposit and investment of money in the fund13
	216	+	to the fund.14
	217	+	SECTION 12. In Colorado Revised Statutes, 24-75-229, repeal15
	218	+	(3)(b)(II) as follows:16
	219	+	24-75-229. Affordable housing and home ownership cash fund17
	220	+	- creation - allowable uses - task force - legislative declaration -18
	221	+	definitions - repeal. (3) (b) (II) The state treasurer shall credit all interest19
	222	+	and income derived from the deposit and investment of money in the fund20
	223	+	to the fund.21
	224	+	SECTION 13. In Colorado Revised Statutes, 24-75-230, repeal22
	225	+	(2)(b)(II) as follows:23
	226	+	24-75-230. Behavioral and mental health cash fund - creation24
	227	+	- allowable uses - task force - definitions - repeal. (2) (b) (II) The state25
	228	+	treasurer shall credit all interest and income derived from the deposit and26
	229	+	investment of money in the fund to the fund.27
	230	+	1342
	231	+	-7- SECTION 14. In Colorado Revised Statutes, 24-75-231, repeal1
	232	+	(2)(b)(II) as follows:2
	233	+	24-75-231. Workers, employers, and workforce centers cash3
	234	+	fund - creation - allowable uses - definitions - repeal. (2) (b) (II) The4
	235	+	state treasurer shall credit all interest and income derived from the deposit5
	236	+	and investment of money in the fund to the fund.6
	237	+	SECTION 15. In Colorado Revised Statutes, 39-22-802, amend7
	238	+	(1) as follows:8
	239	+	39-22-802. Contributions credited to Colorado domestic abuse9
	240	+	program fund - creation - appropriation. (1) The department of10
	241	+	revenue shall determine annually the total amount designated pursuant to11
	242	+	section 39-22-801 and shall report such amount to the state treasurer. The12
	243	+	state treasurer shall credit such amount to the Colorado domestic abuse13
	244	+	program fund, a cash fund hereby established in the state treasury. The14
	245	+	controller, upon presentation of vouchers properly drawn and signed by15
	246	+	the executive director of the department of human services, pursuant to16
	247	+	section 26-7.5-105, C.R.S., shall issue warrants drawn on the Colorado17
	248	+	domestic abuse program fund. All moneys MONEY in the Colorado18
	249	+	domestic abuse program fund at the end of a fiscal year, after19
	250	+	appropriations made pursuant to subsection (3) of this section, shall20
	251	+	remain in the fund to be used for the purposes set forth in article 7.5 of21
	252	+	title 26 C.R.S., and shall not revert to the general fund. Any interest22
	253	+	earned on moneys DERIVED FROM THE DEPOSIT AND INVESTMENT OF23
	254	+	MONEY in the fund shall remain in the fund to be used for the purposes of24
	255	+	article 7.5 of title 26, C.R.S. EXCEPT AS OTHERWISE PROVIDED IN SECTION25
	256	+	24-75-226 (4)(c)(II).26
	257	+	SECTION 16. Safety clause. The general assembly hereby finds,27
	258	+	1342
	259	+	-8- determines, and declares that this act is necessary for the immediate1
	260	+	preservation of the public peace, health, or safety.2
	261	+	1342
	262	+	-9-