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April 29, 2022 HB 22-1411
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Fiscal Note
Drafting Number:
Prime Sponsors:
LLS 22-0957
Rep. McCluskie; Herod
Sen. Moreno
Date:
Bill Status:
Fiscal Analyst:
April 29, 2022
House Appropriations
Clare Pramuk | 303-866-2677
clare.pramuk@state.co.us
Bill Topic: MONEY FROM CORONAVIRUS STATE FISCAL RECOVERY FUND
Summary of
Fiscal Impact:
☐ State Revenue
☒ State Expenditure
☒ State Transfer
☐ TABOR Refund
☐ Local Government
☐ Statutory Public Entity
The bill amends the administrative requirements for spending federal American
Rescue Plan Act funds and substitutes money that was allocated in 2021 legislation
from the Federal Coronavirus State Fiscal Recovery Fund with General Fund or cash
funds through transfers and changes to appropriations.
Appropriation
Summary:
The bill makes adjustments to funding sources in other bills. See State Appropriations
section.
Fiscal Note
Status:
The fiscal note reflects the introduced bill.
Table 1
State Fiscal Impacts Under HB 22-1411
Budget Year
FY 2022-23
Out Year
FY 2023-24
Revenue - -
Expenditures
- -
Transfers General Fund ($64,500,000) -
Cash Funds ($41,000,000) -
Cash Funds $105,500,000 -
Net Transfer ($0) -
Other Budget Impacts - -
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April 29, 2022 HB 22-1411
Summary of Legislation
The bill amends the administrative requirements for spending federal American Rescue Plan Act
(ARPA) funds and substitutes money that was allocated in 2021 legislation from the Federal
Coronavirus State Fiscal Recovery Fund with General Fund or cash funds through transfers and
changes to appropriations.
The changes to the administrative requirements include:
requiring subrecipients to spend or obligate ARPA funds by November 30, 2024, expend the funds
by December 11, 2026, and return unspent funds by December 11, 2026;
requiring the State Controller to transmit the unspent funds to the U.S. Department of the
Treasury;
clarifying that the compliance, reporting, record-keeping, and program evaluation requirements
established by the Office of State Planning and Budgeting and the State Controller apply to a
person regardless of whether the person is a beneficiary or a subrecipient and regardless of
whether the person receives the money directly from a department or from a subrecipient;
requiring the Department of Revenue to provide the controller with information about reductions
or increases in net tax revenue; and
establishing that money transferred from the fund to a recipient fund is available to be reported
as being an expenditure for the provision of government services.
State Transfers
For FY 2022-23, the bill requires the following transfers.
From the General Fund:
$28.0 million to the Housing Development Grant Fund;
$30.9 million to the Workers, Employers, and Workforce Centers Cash Fund; and
$5.6 million to the Revenue Loss Restoration Cash Fund.
From Cash Funds:
$10.0 million from Workers, Employers, and Workforce Centers Cash Fund to the Revenue Loss
Restoration Cash Fund;
$1.5 million from the Affordable Housing and Home Ownership Cash Fund (that originates from
the General Fund) to the Housing Development Grant Fund; and
$29.5 million from the Housing Development Grant Fund to the Affordable Housing and Home
Ownership Cash Fund.
State Expenditures
The bill will increase workload for the Department of Personnel and Administration, the Department
of Revenue, and the Treasury Department to comply with the bill requirements. This increase does
not require an increase in appropriations. Page 3
April 29, 2022 HB 22-1411
Effective Date
The bill takes effect 90 days following adjournment of the General Assembly sine die, assuming no
referendum petition is filed.
State Appropriations
For the current FY 2021-22:
the bill changes the source of the appropriation for House Bill 21-1288 to specify that the amount
from the Colorado Startup Loan program Fund is from the General Fund instead of from ARPA
funds; and
the bill changes the source of the appropriation for House Bill 21-1329 to specify that the amount
from the Affordable Housing and Home Ownership Cash Fund is from the General Fund instead
of ARPA funds.
State and Local Government Contacts
Personnel 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: leg.colorado.gov/fiscalnotes.