1 | 1 | | Second Regular Session |
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2 | 2 | | Seventy-fourth General Assembly |
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3 | 3 | | STATE OF COLORADO |
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4 | 4 | | INTRODUCED |
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5 | 5 | | |
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6 | 6 | | |
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7 | 7 | | LLS NO. 24-1096.02 Richard Sweetman x4333 |
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8 | 8 | | SENATE BILL 24-208 |
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9 | 9 | | Senate Committees House Committees |
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10 | 10 | | Finance |
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11 | 11 | | A BILL FOR AN ACT |
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12 | 12 | | C |
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13 | 13 | | ONCERNING STANDARDIZATION OF ELECTRIC VEHICLE CHARGING101 |
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14 | 14 | | STATIONS, AND, IN CONNECTION THEREWITH , ESTABLISHING THE102 |
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15 | 15 | | ELECTRIC VEHICLE ENTERPRIS E AND THE ELECTRIC VEHICLE103 |
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16 | 16 | | ENTERPRISE SPECIAL REVENUE FUND .104 |
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17 | 17 | | Bill Summary |
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18 | 18 | | (Note: This summary applies to this bill as introduced and does |
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19 | 19 | | not reflect any amendments that may be subsequently adopted. If this bill |
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20 | 20 | | passes third reading in the house of introduction, a bill summary that |
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21 | 21 | | applies to the reengrossed version of this bill will be available at |
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22 | 22 | | http://leg.colorado.gov |
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23 | 23 | | .) |
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24 | 24 | | The bill creates the electric vehicle enterprise (enterprise) in the |
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25 | 25 | | department of labor and employment (department). The business purpose |
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26 | 26 | | of the enterprise is to synchronize electric vehicle charging protocols to |
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27 | 27 | | SENATE SPONSORSHIP |
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28 | 28 | | Priola and Winter F., |
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29 | 29 | | HOUSE SPONSORSHIP |
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30 | 30 | | Mauro and Rutinel, |
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31 | 31 | | Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment. |
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32 | 32 | | Capital letters or bold & italic numbers indicate new material to be added to existing law. |
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33 | 33 | | Dashes through the words or numbers indicate deletions from existing law. create consistency and transparency for electric vehicle charging |
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34 | 34 | | consumers. |
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35 | 35 | | The enterprise constitutes an enterprise for purposes of section 20 |
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36 | 36 | | of article X of the state constitution so long as it retains the authority to |
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37 | 37 | | issue revenue bonds and receives less than 10% of its total annual |
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38 | 38 | | revenue in grants from all Colorado state and local governments |
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39 | 39 | | combined. So long as it constitutes an enterprise, the enterprise is not |
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40 | 40 | | subject to section 20 of article X of the state constitution. |
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41 | 41 | | The bill establishes a board of directors for the enterprise, |
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42 | 42 | | including the board's membership, powers, and duties. |
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43 | 43 | | The bill authorizes the enterprise to impose and collect a fee |
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44 | 44 | | beginning July 1, 2025, to be paid by each electric vehicle charging |
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45 | 45 | | station retailer based on the total number of retail electric vehicle |
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46 | 46 | | charging stations operated by the retailer and the total number of power |
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47 | 47 | | supply devices used at such stations. |
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48 | 48 | | The bill creates the electric vehicle enterprise special revenue fund |
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49 | 49 | | (fund) and continuously appropriates money in the fund to the enterprise |
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50 | 50 | | to accomplish its duties. |
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51 | 51 | | The bill requires the state treasurer, on July 1, 2024, to transfer |
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52 | 52 | | $264,000 from the general fund to the fund and, on July 1, 2025, to |
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53 | 53 | | transfer $160,000 from the general fund to the fund for the purpose of |
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54 | 54 | | defraying expenses incurred by the enterprise before it receives fee |
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55 | 55 | | revenue or revenue bond proceeds. The money is transferred as a loan to |
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56 | 56 | | the enterprise, to be paid in full not later than December 31, 2028, with |
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57 | 57 | | interest. |
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58 | 58 | | The bill requires the enterprise, in consultation with the Colorado |
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59 | 59 | | energy office and the division of oil and public safety within the |
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60 | 60 | | department, to promulgate rules establishing minimum standards related |
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61 | 61 | | to specifications and tolerances for retail electric vehicle charging |
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62 | 62 | | equipment and methods of retail sale at publicly accessible electric |
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63 | 63 | | vehicle charging stations to promote equity in the marketplace. The |
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64 | 64 | | department must begin enforcing the rules on July 1, 2025, for all electric |
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65 | 65 | | vehicle charging stations installed before, on, or after July 1, 2025. |
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66 | 66 | | For the purposes of existing laws concerning fuel products, the bill |
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67 | 67 | | amends the definitions of the terms "fuel products" and "motor fuel" to |
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68 | 68 | | include electricity when used to fuel electric vehicles. |
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69 | 69 | | Be it enacted by the General Assembly of the State of Colorado:1 |
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70 | 70 | | SECTION 1. In Colorado Revised Statutes, add 8-20-107 as2 |
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71 | 71 | | follows:3 |
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72 | 72 | | 8-20-107. Electric vehicle enterprise - creation - board of4 |
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73 | 73 | | SB24-208-2- directors - electric vehicle enterprise special revenue fund - duties of1 |
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74 | 74 | | enterprise - registration fees - revenue bonds - rules - legislative2 |
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75 | 75 | | declaration - definitions - repeal. (1) Legislative declaration. (a) T |
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76 | 76 | | HE3 |
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77 | 77 | | GENERAL ASSEMBLY FINDS THAT :4 |
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78 | 78 | | (I) A |
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79 | 79 | | S MORE ELECTRIC VEHICLES ENTER THE MARKETPLACE , THERE5 |
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80 | 80 | | IS A DEMAND AND A NEED FOR MORE RETAIL ELECTRIC VEHICLE CHARGING6 |
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81 | 81 | | STATIONS FOR ELECTRIC VEHICLE OWNERS AND DRIVERS ; AND7 |
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82 | 82 | | (II) G |
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83 | 83 | | IVEN THE RECENT INCREASES IN THE NUMBER AND TYPES OF8 |
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84 | 84 | | ELECTRIC VEHICLE CHARGING STATIONS IN COLORADO, THERE IS A NEED9 |
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85 | 85 | | FOR A STANDARDIZATION OF WEIGHTS AND MEASURES USED IN10 |
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86 | 86 | | ASSOCIATION WITH ELECTRIC VEHICLE CHARGING TO ENSURE11 |
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87 | 87 | | CONSISTENCY ACROSS THE INDUSTRY AND ACCURACY FOR CONSUMER12 |
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88 | 88 | | CONFIDENCE AND CONVENIENCE .13 |
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89 | 89 | | (b) T |
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90 | 90 | | HEREFORE, THE GENERAL ASSEMBLY DECLARES THAT :14 |
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91 | 91 | | (I) T |
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92 | 92 | | HE ELECTRIC VEHICLE ENTERPRISE CREATED IN THIS SECTION15 |
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93 | 93 | | WILL BENEFIT COLORADO CONSUMERS BY ADDRESSING THE CURRENT16 |
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94 | 94 | | LACK OF UNIFORMITY AMONG RETAIL ELECTRIC VEHICLE CHARGING17 |
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95 | 95 | | STATIONS WITH REGARD TO WEIGHTS AND MEASURES ;18 |
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96 | 96 | | (II) O |
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97 | 97 | | N JULY 1, 2025, EACH ELECTRIC VEHICLE CHARGING STATION19 |
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98 | 98 | | RETAILER WILL BEGIN PAYING A REGISTRATION FEE BASED ON THE TOTAL20 |
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99 | 99 | | NUMBER OF RETAIL ELECTRIC VEHICLE CHARGING STATIONS OPERATED BY21 |
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100 | 100 | | THE RETAILER AND THE TOTAL NUMBER OF POWER SUPPLY DEVICES USED22 |
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101 | 101 | | AT SUCH STATIONS;23 |
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102 | 102 | | (III) T |
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103 | 103 | | HE ELECTRIC VEHICLE ENTERPRISE WILL PROMULGATE RULES24 |
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104 | 104 | | TO SYNCHRONIZE ELECTRIC VEHICLE CHARGING PROTOCOLS AND CREATE25 |
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105 | 105 | | CONSISTENCY AND TRANSPARENCY FOR ELECTRIC VEHICLE CHARGING26 |
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106 | 106 | | CONSUMERS, WHICH DIRECTLY BENEFITS THE ELECTRIC VEHICLE27 |
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107 | 107 | | SB24-208 |
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108 | 108 | | -3- CHARGING STATION RETAILERS WHO PAY THE FEES . BY PROVIDING A1 |
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109 | 109 | | DIRECT BENEFIT TO FEE PAYERS, THE ENTERPRISE OPERATES AS A BUSINESS2 |
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110 | 110 | | IN ACCORDANCE WITH THE DETERMINATION OF THE COLORADO SUPREME3 |
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111 | 111 | | COURT IN COLORADO UNION OF TAXPAYERS FOUNDATION V. CITY OF ASPEN,4 |
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112 | 112 | | 418 P.3d 506 |
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113 | 113 | | (COLO. 2018).5 |
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114 | 114 | | (IV) T |
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115 | 115 | | HE NEEDS AND OPERATIONS OF RETAIL ELECTRIC VEHICLE6 |
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116 | 116 | | CHARGING STATIONS ARE UNIQUE ; THEREFORE, IT IS NECESSARY TO7 |
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117 | 117 | | INCLUDE INDIVIDUALS REPRESENTING THE ELECTRIC VEHICLE INDUSTRY8 |
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118 | 118 | | IN THE MEMBERSHIP OF THE ELECTRIC VEHICLE ENTERPRISE BOARD OF9 |
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119 | 119 | | DIRECTORS;10 |
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120 | 120 | | (V) S |
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121 | 121 | | O LONG AS THE ELECTRIC VEHICLE ENTERPRISE QUALIFIES AS11 |
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122 | 122 | | AN ENTERPRISE FOR PURPOSES OF SECTION 20 OF ARTICLE X OF THE STATE12 |
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123 | 123 | | CONSTITUTION, THE REVENUE FROM ELECTRIC VEHICLE CHARGING13 |
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124 | 124 | | STATION FEES COLLECTED BY THE ENTERPRISE IS NOT STATE FISCAL YEAR14 |
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125 | 125 | | SPENDING, AS DEFINED IN SECTION 24-77-102 (17), OR STATE REVENUES,15 |
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126 | 126 | | AS DEFINED IN SECTION 24-77-103.6 (6)(c), AND DOES NOT COUNT16 |
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127 | 127 | | AGAINST EITHER THE STATE FISCAL YEAR SPENDING LIMIT IMPOSED BY17 |
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128 | 128 | | SECTION 20 OF ARTICLE X OF THE STATE CONSTITUTION OR THE EXCESS18 |
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129 | 129 | | STATE REVENUES CAP, AS DEFINED IN SECTION 24-77-103.6 (6)(b)(I)(G);19 |
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130 | 130 | | AND20 |
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131 | 131 | | (VI) C |
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132 | 132 | | ONSISTENT WITH THE DETERMINATION OF THE COLORADO21 |
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133 | 133 | | SUPREME COURT IN NICHOLL V. E-470 PUBLIC HIGHWAY AUTHORITY, 89622 |
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134 | 134 | | P.2d 859 |
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135 | 135 | | (COLO. 1995), THE POWER TO IMPOSE TAXES IS INCONSISTENT23 |
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136 | 136 | | WITH ENTERPRISE STATUS UNDER SECTION 20 OF ARTICLE X OF THE STATE24 |
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137 | 137 | | CONSTITUTION, AND IT IS THE CONCLUSION OF THE GENERAL ASSEMBLY25 |
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138 | 138 | | THAT THE REVENUE THE ELECTRIC VEHICLE ENTERPRISE RECEIVES AS26 |
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139 | 139 | | REGISTRATION FEES ARE FEES, NOT TAXES, BECAUSE THE FEE AMOUNTS27 |
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140 | 140 | | SB24-208 |
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141 | 141 | | -4- CREDITED TO THE ELECTRIC VEHICLE ENTERPRISE SPECIAL REVENUE FUND1 |
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142 | 142 | | ARE:2 |
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143 | 143 | | (A) F |
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144 | 144 | | OR THE SPECIFIC PURPOSE OF ALLOWING THE ELECTRIC3 |
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145 | 145 | | VEHICLE ENTERPRISE TO DEFRAY THE COSTS OF PROVIDING THE BUSINESS4 |
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146 | 146 | | SERVICES SPECIFIED IN THIS SECTION THAT BENEFIT THE FEE PAYERS; AND5 |
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147 | 147 | | (B) C |
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148 | 148 | | OLLECTED AT RATES THAT ARE REASONABLY CALCULATED6 |
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149 | 149 | | BASED ON THE COST OF THE BUSINESS SERVICES THE ENTERPRISE7 |
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150 | 150 | | PROVIDES.8 |
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151 | 151 | | (2) Definitions. A |
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152 | 152 | | S USED IN THIS SECTION, UNLESS THE CONTEXT9 |
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153 | 153 | | OTHERWISE REQUIRES:10 |
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154 | 154 | | (a) "B |
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155 | 155 | | OARD" MEANS THE BOARD OF DIRECTORS OF THE11 |
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156 | 156 | | ENTERPRISE.12 |
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157 | 157 | | (b) "C |
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158 | 158 | | OLORADO ENERGY OFFICE" MEANS THE COLORADO ENERGY13 |
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159 | 159 | | OFFICE CREATED IN SECTION 24-38.5-101.14 |
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160 | 160 | | (c) "D |
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161 | 161 | | EPARTMENT" MEANS THE DEPARTMENT OF LABOR AND15 |
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162 | 162 | | EMPLOYMENT.16 |
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163 | 163 | | (d) "D |
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164 | 164 | | IVISION OF OIL AND PUBLIC SAFETY" MEANS THE DIVISION OF17 |
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165 | 165 | | OIL AND PUBLIC SAFETY CREATED IN SECTION 8-20-101.18 |
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166 | 166 | | (e) "E |
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167 | 167 | | LECTRIC VEHICLE CHARGING STATION " MEANS A LOCATION19 |
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168 | 168 | | THAT FEATURES ONE OR MORE POWER SUPPLY DEVICES THAT SUPPLY20 |
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169 | 169 | | ELECTRICAL POWER FOR RECHARGING PLUG -IN ELECTRIC VEHICLES.21 |
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170 | 170 | | (f) "E |
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171 | 171 | | LECTRIC VEHICLE CHARGING STATION RETAILER " MEANS A22 |
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172 | 172 | | PERSON WHO OWNS, CONTROLS, OR OPERATES A RETAIL ELECTRIC VEHICLE23 |
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173 | 173 | | CHARGING STATION.24 |
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174 | 174 | | (g) "E |
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175 | 175 | | NTERPRISE" MEANS THE ELECTRIC VEHICLE ENTERPRISE25 |
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176 | 176 | | CREATED IN SUBSECTION (3) OF THIS SECTION.26 |
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177 | 177 | | (h) "F |
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178 | 178 | | UND" MEANS THE ELECTRIC VEHICLE ENTERPRISE SPECIAL27 |
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179 | 179 | | SB24-208 |
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180 | 180 | | -5- REVENUE FUND CREATED IN SUBSECTION (9) OF THIS SECTION.1 |
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181 | 181 | | (i) "P |
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182 | 182 | | OWER SUPPLY DEVICE" MEANS A DEVICE THAT ENABLES A2 |
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183 | 183 | | CONSUMER TO CONNECT AND CHARGE AN ELECTRIC VEHICLE AT AN3 |
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184 | 184 | | ELECTRIC VEHICLE CHARGING STATION .4 |
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185 | 185 | | (j) "R |
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186 | 186 | | ETAIL ELECTRIC VEHICLE CHARGING STATION " MEANS AN5 |
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187 | 187 | | ELECTRIC VEHICLE CHARGING STATION AT WHICH AN ELECTRIC VEHICLE6 |
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188 | 188 | | CHARGING STATION RETAILER CHARGES A FEE TO VEHICLE OWNERS OR7 |
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189 | 189 | | OPERATORS FOR RECHARGING AN ELECTRIC VEHICLE .8 |
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190 | 190 | | (3) (a) T |
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191 | 191 | | HE ELECTRIC VEHICLE ENTERPRISE IS CREATED IN THE9 |
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192 | 192 | | DEPARTMENT . THE ENTERPRISE IS AND OPERATES AS A10 |
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193 | 193 | | GOVERNMENT-OWNED BUSINESS WITHIN THE DEPARTMENT IN ORDER TO11 |
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194 | 194 | | EXECUTE ITS BUSINESS PURPOSE AS SPECIFIED IN SUBSECTION (5) OF THIS12 |
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195 | 195 | | SECTION BY EXERCISING THE POWERS AND PERFORMING THE DUTIES SET13 |
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196 | 196 | | FORTH IN THIS SECTION.14 |
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197 | 197 | | (b) T |
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198 | 198 | | HE ENTERPRISE IS A TYPE 1 ENTITY, AS DEFINED IN SECTION15 |
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199 | 199 | | 24-1-105, |
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200 | 200 | | AND EXERCISES ITS POWERS AND PERFORMS ITS DUTIES AND16 |
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201 | 201 | | FUNCTIONS UNDER THE DEPARTMENT .17 |
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202 | 202 | | (c) T |
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203 | 203 | | HE ENTERPRISE CONSTITUTES AN ENTERPRISE FOR PURPOSES18 |
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204 | 204 | | OF SECTION 20 OF ARTICLE X OF THE STATE CONSTITUTION SO LONG AS IT19 |
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205 | 205 | | RETAINS THE AUTHORITY TO ISSUE REVENUE BONDS AND RECEIVES LESS20 |
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206 | 206 | | THAN TEN PERCENT OF ITS TOTAL ANNUAL REVENUE IN GRANTS FROM ALL21 |
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207 | 207 | | C |
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208 | 208 | | OLORADO STATE AND LOCAL GOVERNMENTS COMBINED . SO LONG AS IT22 |
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209 | 209 | | CONSTITUTES AN ENTERPRISE PURSUANT TO THIS SUBSECTION (3), THE23 |
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210 | 210 | | ENTERPRISE IS NOT SUBJECT TO SECTION 20 OF ARTICLE X OF THE STATE24 |
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211 | 211 | | CONSTITUTION.25 |
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212 | 212 | | (4) (a) T |
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213 | 213 | | HE BOARD OF DIRECTORS OF THE ENTERPRISE CONSISTS OF26 |
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214 | 214 | | THE FOLLOWING FIVE MEMBERS :27 |
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215 | 215 | | SB24-208 |
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216 | 216 | | -6- (I) THE DIRECTOR OF THE DIVISION OF OIL AND PUBLIC SAFETY OR1 |
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217 | 217 | | THE DIRECTOR'S DESIGNEE;2 |
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218 | 218 | | (II) T |
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219 | 219 | | HE DIRECTOR OF THE COLORADO ENERGY OFFICE OR THE3 |
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220 | 220 | | DIRECTOR'S DESIGNEE; AND4 |
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221 | 221 | | (III) T |
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222 | 222 | | HREE REPRESENTATIVES FROM THE ELECTRIC VEHICLE5 |
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223 | 223 | | COMMUNITY TO BE APPOINTED BY THE GOVERNOR ON OR BEFORE6 |
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224 | 224 | | S |
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225 | 225 | | EPTEMBER 1, 2024, PURSUANT TO SUBSECTION (4)(b) OF THIS SECTION.7 |
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226 | 226 | | (b) T |
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227 | 227 | | HE MEMBERS OF THE BOARD APPOINTED PURSUANT TO8 |
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228 | 228 | | SUBSECTION (4)(a)(III) OF THIS SECTION SHALL EACH SERVE TERMS OF9 |
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229 | 229 | | THREE YEARS; EXCEPT THAT:10 |
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230 | 230 | | (I) O |
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231 | 231 | | NE OF THE APPOINTED MEMBERS SHALL SERVE AN INITIAL11 |
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232 | 232 | | TERM OF ONE YEAR; AND12 |
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233 | 233 | | (II) O |
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234 | 234 | | NE OF THE APPOINTED MEMBERS SHALL SERVE AN INITIAL13 |
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235 | 235 | | TERM OF TWO YEARS.14 |
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236 | 236 | | (c) E |
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237 | 237 | | ACH MEMBER MAY SERVE AN UNLIMITED NUMBER OF TERMS .15 |
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238 | 238 | | A |
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239 | 239 | | MEMBER WHO IS APPOINTED TO FILL A VACANCY ON THE BOARD SHALL16 |
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240 | 240 | | SERVE THE REMAINDER OF THE UNEXPIRED TERM OF THE FORMER MEMBER .17 |
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241 | 241 | | (d) M |
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242 | 242 | | EMBERS OF THE BOARD SERVE WITHOUT COMPENSATION BUT18 |
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243 | 243 | | MUST BE REIMBURSED FROM MONEY IN THE FUND FOR ACTUAL AND19 |
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244 | 244 | | NECESSARY EXPENSES INCURRED IN THE PERFORMANCE OF THE MEMBERS '20 |
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245 | 245 | | DUTIES PURSUANT TO THIS SECTION.21 |
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246 | 246 | | (5) T |
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247 | 247 | | HE BUSINESS PURPOSE OF THE ENTERPRISE IS TO SYNCHRONIZE22 |
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248 | 248 | | ELECTRIC VEHICLE CHARGING PROTOCOLS TO CREATE CONSISTENCY AND23 |
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249 | 249 | | TRANSPARENCY FOR ELECTRIC VEHICLE CHARGING CONSUMERS . TO24 |
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250 | 250 | | ALLOW THE ENTERPRISE TO ACCOMPLISH THIS PURPOSE AND FULLY25 |
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251 | 251 | | EXERCISE ITS POWERS AND DUTIES THROUGH THE BOARD , THE ENTERPRISE26 |
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252 | 252 | | MAY:27 |
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253 | 253 | | SB24-208 |
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254 | 254 | | -7- (a) IMPOSE AND COLLECT A FEE AS AUTHORIZED BY SUBSECTION1 |
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255 | 255 | | (7) |
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256 | 256 | | OF THIS SECTION; AND2 |
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257 | 257 | | (b) I |
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258 | 258 | | SSUE REVENUE BONDS PAYABLE FROM THE REVENUE AND3 |
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259 | 259 | | OTHER AVAILABLE MONEY OF THE ENTERPRISE PURSUANT TO SUBSECTION4 |
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260 | 260 | | (8) |
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261 | 261 | | OF THIS SECTION.5 |
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262 | 262 | | (6) I |
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263 | 263 | | N ADDITION TO ANY OTHER POWERS AND DUTIES SPECIFIED IN6 |
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264 | 264 | | THIS SECTION, THE BOARD HAS THE FOLLOWING GENERAL POWERS AND7 |
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265 | 265 | | DUTIES:8 |
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266 | 266 | | (a) T |
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267 | 267 | | O SUPERVISE THE ELECTRIC VEHICLE ENTERPRISE ;9 |
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268 | 268 | | (b) T |
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269 | 269 | | O ACQUIRE, HOLD TITLE TO, AND DISPOSE OF REAL AND10 |
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270 | 270 | | PERSONAL PROPERTY AS NECESSARY IN THE EXERCISE OF ITS POWERS AND11 |
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271 | 271 | | PERFORMANCE OF ITS DUTIES;12 |
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272 | 272 | | (c) T |
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273 | 273 | | O CONTRACT WITH ANY PUBLIC OR PRIVATE ENTITY ;13 |
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274 | 274 | | (d) T |
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275 | 275 | | O REQUEST THE STATE TREASURER TO ACT AS ADVISOR TO14 |
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276 | 276 | | THE ENTERPRISE TO ISSUE SUCH BONDS AND NOTES AS ARE NECESSARY TO15 |
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277 | 277 | | MAINTAIN ADEQUATE BALANCES IN THE FUND ; AND16 |
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278 | 278 | | (e) T |
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279 | 279 | | O HAVE AND EXERCISE ALL RIGHTS AND POWERS NECESSARY17 |
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280 | 280 | | OR INCIDENTAL TO OR IMPLIED FROM THE SPECIFIC POWERS AND DUTIES18 |
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281 | 281 | | GRANTED BY THIS SECTION.19 |
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282 | 282 | | (7) I |
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283 | 283 | | N FURTHERANCE OF ITS BUSINESS PURPOSE , BEGINNING JULY20 |
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284 | 284 | | 1, |
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285 | 285 | | 2025, THE ENTERPRISE MAY IMPOSE AND COLLECT A FEE IN SUCH21 |
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286 | 286 | | REASONABLE AMOUNT AS IS NECESSARY TO OFFSET THE DIRECT AND22 |
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287 | 287 | | INDIRECT COSTS, INCLUDING THE COSTS FOR SALARIES AND OPERATING23 |
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288 | 288 | | EXPENSES, INCURRED BY THE ENTERPRISE PURSUANT TO THIS ARTICLE 20.24 |
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289 | 289 | | E |
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290 | 290 | | ACH ELECTRIC VEHICLE CHARGING STATION RETAILER SHALL PAY THE25 |
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291 | 291 | | FEE BASED ON THE TOTAL NUMBER OF RETAIL ELECTRIC VEHICLE26 |
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292 | 292 | | CHARGING STATIONS OPERATED BY THE RETAILER AND THE TOTAL27 |
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293 | 293 | | SB24-208 |
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294 | 294 | | -8- NUMBER OF POWER SUPPLY DEVICES USED AT SUCH STATIONS .1 |
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295 | 295 | | (8) T |
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296 | 296 | | HE ENTERPRISE MAY ISSUE REVENUE BONDS FOR THE2 |
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297 | 297 | | EXPENSES OF THE ENTERPRISE, WHICH BONDS MAY BE SECURED BY ANY3 |
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298 | 298 | | REVENUES OF THE ENTERPRISE . REVENUE FROM THE BONDS ISSUED4 |
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299 | 299 | | PURSUANT TO THIS SUBSECTION (8) SHALL BE DEPOSITED INTO THE FUND.5 |
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300 | 300 | | (9) (a) T |
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301 | 301 | | HE ELECTRIC VEHICLE ENTERPRISE SPECIAL REVENUE FUND6 |
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302 | 302 | | IS CREATED IN THE STATE TREASURY . THE ENTERPRISE SHALL USE THE7 |
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303 | 303 | | MONEY IN THE FUND FOR THE PURPOSES DESCRIBED IN THIS SECTION . THE8 |
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304 | 304 | | FUND CONSISTS OF FEE REVENUE CREDITED TO THE FUND PURSUANT TO9 |
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305 | 305 | | SUBSECTION (7) OF THIS SECTION; MONEY GENERATED FROM THE ISSUANCE10 |
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306 | 306 | | OF REVENUE BONDS PURSUANT TO SUBSECTION (8) OF THIS SECTION;11 |
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307 | 307 | | MONEY CREDITED TO THE FUND PURSUANT TO SUBSECTION (9)(b) OF THIS12 |
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308 | 308 | | SECTION; MONETARY GIFTS, GRANTS, DONATIONS, OR OTHER PAYMENTS13 |
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309 | 309 | | RECEIVED BY THE ENTERPRISE ; ANY FEDERAL MONEY THAT MAY BE14 |
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310 | 310 | | CREDITED TO THE FUND; AND ANY OTHER MONEY THAT THE GENERAL15 |
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311 | 311 | | ASSEMBLY MAY APPROPRIATE OR TRANSFER TO THE FUND . THE STATE16 |
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312 | 312 | | TREASURER SHALL CREDIT ALL INTEREST AND INCOME DERIVED FROM THE17 |
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313 | 313 | | DEPOSIT AND INVESTMENT OF MONEY IN THE FUND TO THE FUND . MONEY18 |
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314 | 314 | | IN THE FUND IS CONTINUOUSLY APPROPRIATED TO THE ENTERPRISE FOR19 |
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315 | 315 | | THE PURPOSES SET FORTH IN THIS SECTION AND TO PAY THE ENTERPRISE 'S20 |
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316 | 316 | | REASONABLE AND NECESSARY OPERATING EXPENSES , INCLUDING THE21 |
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317 | 317 | | REPAYMENT OF ANY LOAN RECEIVED PURSUANT TO SUBSECTION (9)(b) OF22 |
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318 | 318 | | THIS SECTION.23 |
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319 | 319 | | (b) (I) O |
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320 | 320 | | N JULY 1, 2024, THE STATE TREASURER SHALL TRANSFER24 |
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321 | 321 | | TWO HUNDRED SIXTY -FOUR THOUSAND DOLLARS FROM THE GENERAL25 |
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322 | 322 | | FUND TO THE FUND, AND ON JULY 1, 2025, THE STATE TREASURER SHALL26 |
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323 | 323 | | TRANSFER ONE HUNDRED SIXTY THOUSAND DOLLARS FROM THE GENERAL27 |
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324 | 324 | | SB24-208 |
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325 | 325 | | -9- FUND TO THE FUND FOR THE PURPOSE OF DEFRAYING EXPENSES INCURRED1 |
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326 | 326 | | BY THE ENTERPRISE BEFORE IT RECEIVES FEE REVENUE OR REVENUE BOND2 |
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327 | 327 | | PROCEEDS. THE ENTERPRISE MAY ACCEPT AND EXPEND ANY OF THE3 |
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328 | 328 | | MONEY TRANSFERRED, AND, NOTWITHSTANDING ANY STATE FISCAL RULE4 |
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329 | 329 | | OR GENERALLY ACCEPTED ACCOUNTING PRINCIPLE THAT COULD5 |
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330 | 330 | | OTHERWISE BE INTERPRETED TO REQUIRE A CONTRARY CONCLUSION , SUCH6 |
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331 | 331 | | TRANSFERS ARE A LOAN FROM THE DEPARTMENT TO THE ENTERPRISE THAT7 |
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332 | 332 | | MUST BE REPAID AND ARE NOT A GRANT FOR PURPOSES OF SECTION 208 |
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333 | 333 | | (2)(d) |
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334 | 334 | | OF ARTICLE X OF THE STATE CONSTITUTION OR AS DEFINED IN9 |
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335 | 335 | | SECTION 24-77-102 (7). ALL MONEY TRANSFERRED AS A LOAN TO THE10 |
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336 | 336 | | ENTERPRISE IS CREDITED TO THE FUND OR TO AN ACCOUNT IN THE FUND .11 |
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337 | 337 | | L |
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338 | 338 | | OAN LIABILITIES THAT ARE RECORDED IN THE FUND BUT NOT REQUIRED12 |
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339 | 339 | | TO BE PAID IN THE CURRENT FISCAL YEAR SHALL NOT BE CONSIDERED13 |
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340 | 340 | | WHEN CALCULATING SUFFICIENT STATUTORY FUND BALANCE FOR14 |
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341 | 341 | | PURPOSES OF SECTION 24-75-109.15 |
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342 | 342 | | (II) N |
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343 | 343 | | O LATER THAN DECEMBER 31, 2028, THE ENTERPRISE SHALL16 |
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344 | 344 | | REPAY THE LOAN OF FOUR HUNDRED TWENTY -FOUR THOUSAND DOLLARS17 |
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345 | 345 | | RECEIVED PURSUANT TO SUBSECTION (9)(b)(I) OF THIS SECTION,18 |
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346 | 346 | | INCLUDING ACCUMULATED INTEREST . INTEREST ACCRUES ON THE MONEY19 |
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347 | 347 | | BORROWED AT A RATE PER ANNUM ON THE MOST RECENTLY ISSUED20 |
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348 | 348 | | TEN-YEAR UNITED STATES TREASURY NOTE, ROUNDED TO THE NEAREST21 |
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349 | 349 | | ONE-TENTH OF ONE PERCENT , AS REPORTED BY THE "WALL STREET22 |
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350 | 350 | | J |
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351 | 351 | | OURNAL", BEGINNING JULY 1, 2025, AND CONTINUING UNTIL THE DATE23 |
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352 | 352 | | UPON WHICH THE MONEY IS REPAID.24 |
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353 | 353 | | (III) T |
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354 | 354 | | HIS SUBSECTION (9)(b) IS REPEALED, EFFECTIVE JULY 1,25 |
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355 | 355 | | 2029.26 |
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356 | 356 | | (10) (a) O |
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357 | 357 | | N OR BEFORE JULY 1, 2025, THE ENTERPRISE SHALL27 |
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358 | 358 | | SB24-208 |
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359 | 359 | | -10- PROMULGATE RULES ESTABLISHING MINIMUM STANDARDS RELATED TO1 |
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360 | 360 | | SPECIFICATIONS AND TOLERANCES FOR RETAIL ELECTRIC VEHICLE2 |
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361 | 361 | | CHARGING EQUIPMENT AND METHODS OF RETAIL SALE AT PUBLICLY3 |
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362 | 362 | | ACCESSIBLE ELECTRIC VEHICLE CHARGING STATIONS TO PROMOTE EQUITY4 |
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363 | 363 | | IN THE MARKETPLACE . THE ENTERPRISE MAY CONTRACT WITH THE5 |
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364 | 364 | | DIVISION OF OIL AND PUBLIC SAFETY AND THE COLORADO ENERGY OFFICE6 |
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365 | 365 | | IN ORDER TO PROMULGATE THE RULES .7 |
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366 | 366 | | (b) T |
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367 | 367 | | HE DEPARTMENT SHALL BEGIN ENFORCING THE RULES ON8 |
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368 | 368 | | J |
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369 | 369 | | ULY 1, 2025, FOR ALL ELECTRIC VEHICLE CHARGING STATIONS INSTALLED9 |
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370 | 370 | | BEFORE, ON, OR AFTER JULY 1, 2025.10 |
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371 | 371 | | (c) E |
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372 | 372 | | ACH RULE PROMULGATED PURSUANT TO THIS SUBSECTION11 |
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373 | 373 | | (10) |
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374 | 374 | | MUST SUPPORT THE ENTERPRISE 'S BUSINESS SERVICES, INCLUDING12 |
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375 | 375 | | REMEDIATION SERVICES, IN A MANNER THAT MAINTAINS COMPLIANCE13 |
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376 | 376 | | WITH THE FEDERAL AND STATE STATUTES , RULES, AND REGULATIONS14 |
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377 | 377 | | GOVERNING AIR QUALITY.15 |
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378 | 378 | | (11) T |
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379 | 379 | | HE ENTERPRISE MAY ENGAGE THE SERVICES OF16 |
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380 | 380 | | CONTRACTORS AND CONSULTANTS , INCLUDING THE DEPARTMENT AND THE17 |
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381 | 381 | | ATTORNEY GENERAL 'S OFFICE, FOR PROFESSIONAL AND TECHNICAL18 |
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382 | 382 | | ASSISTANCE AND ADVICE FOR THE PROVISION OF OTHER SERVICES19 |
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383 | 383 | | RELATED TO THE CONDUCT OF THE AFFAIRS OF THE ENTERPRISE .20 |
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384 | 384 | | SECTION 2. In Colorado Revised Statutes, 8-20-201, amend (2)21 |
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385 | 385 | | and (4.5)(a) as follows:22 |
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386 | 386 | | 8-20-201. Definitions. As used in this part 2, unless the context23 |
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387 | 387 | | otherwise requires:24 |
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388 | 388 | | (2) "Fuel products" means all gasoline; aviation gasoline; aviation25 |
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389 | 389 | | turbine fuel; diesel; jet fuel; fuel oil; biodiesel; biodiesel blends;26 |
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390 | 390 | | kerosene; all |
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391 | 391 | | alcohol blended fuels; liquefied petroleum gas; gas or27 |
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392 | 392 | | SB24-208 |
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393 | 393 | | -11- gaseous compounds, including hydrogen; natural gas, including1 |
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394 | 394 | | compressed natural gas and liquefied natural gas; |
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395 | 395 | | ELECTRICITY WHEN2 |
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396 | 396 | | USED TO FUEL ELECTRIC VEHICLES; and all |
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397 | 397 | | other volatile, flammable, or3 |
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398 | 398 | | combustible liquids that are produced, compounded, and offered for sale4 |
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399 | 399 | | or used for the purpose of generating heat, light, or power in internal5 |
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400 | 400 | | combustion engines or fuel cells, for cleaning, or for any other similar6 |
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401 | 401 | | usage.7 |
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402 | 402 | | (4.5) (a) "Motor fuel" means:8 |
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403 | 403 | | (I) Any liquid or gas used as fuel to generate power in engines or9 |
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404 | 404 | | motors; |
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405 | 405 | | AND10 |
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406 | 406 | | (II) E |
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407 | 407 | | LECTRICITY FOR RETAIL ELECTRIC VEHICLE CHARGING .11 |
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408 | 408 | | SECTION 3. Safety clause. The general assembly finds,12 |
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409 | 409 | | determines, and declares that this act is necessary for the immediate13 |
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410 | 410 | | preservation of the public peace, health, or safety or for appropriations for14 |
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411 | 411 | | the support and maintenance of the departments of the state and state15 |
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412 | 412 | | institutions.16 |
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413 | 413 | | SB24-208 |
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414 | 414 | | -12- |
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