Page 1 June 25, 2024 HB 24-1374 Legislative Council Staff Nonpartisan Services for Colorado’s Legislature Final Fiscal Note Drafting Number: Prime Sponsors: LLS 24-1044 Rep. Marvin; Rutinel Sen. Michaelson Jenet Date: Bill Status: Fiscal Analyst: June 25, 2024 Signed into Law Aaron Carpenter | 303-866-4918 aaron.carpenter@coleg.gov Bill Topic: JUDICIAL CONTRACTOR LOAN FORGIVENESS ELIGIBILITY Summary of Fiscal Impact: ☐ State Revenue ☒ State Expenditure ☐ State Transfer ☐ TABOR Refund ☐ Local Government ☐ Statutory Public Entity The bill allows certain judicial offices to sign certifications for contractors to be eligible for federal loan forgiveness. Beginning in FY 2024-25, the bill increases state workload. Appropriation Summary: No appropriation is required. Fiscal Note Status: This final fiscal note reflects the enacted bill. Summary of Legislation The bill allows independent judicial agencies that rely on an independent contractor model of legal representation (the Office of the Child’s Representative, the Office of the Respondent Parents’ Counsel, and the Office of the Alternate Defense Counsel) to sign a certification for contractors to be eligible for federal public service loan forgiveness. State Expenditures Starting in FY 2024-25, the bill may increase state workload in the offices identified above to sign certifications and to share any required information. This work can be accomplished within existing resources. Effective Date This bill was signed into law by the Governor and took effect on May 15, 2024. State and Local Government Contacts Alternate Defense Counsel Child's Representative Respondent Parents' Counsel 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.