Colorado 2024 Regular Session

Colorado Senate Bill SB214 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+	Second Regular Session
	2	+	Seventy-fourth General Assembly
	3	+	STATE OF COLORADO
	4	+	REVISED
	5	+	This Version Includes All Amendments Adopted
	6	+	on Second Reading in the Second House
	7	+	LLS NO. 24-1175.01 Caroline Martin x5902
1	8		SENATE BILL 24-214
2		-	BY SENATOR(S) Hansen and Cutter, Bridges, Buckner, Exum,
3		-	Jaquez Lewis, Michaelson Jenet, Priola;
4		-	also REPRESENTATIVE(S) Amabile and McCormick, Bird, Boesenecker,
5		-	Brown, Daugherty, DeGraaf, Epps, Froelich, Garcia, Herod, Jodeh, Kipp,
6		-	Lindsay, Lindstedt, Mabrey, Marvin, McLachlan, Ortiz, Parenti, Rutinel,
7		-	Snyder, Story, Titone, Valdez, Velasco, Vigil, Willford, Woodrow.
	9	+	Senate Committees House Committees
	10	+	Transportation & Energy State, Civic, Military, & Veterans Affairs
	11	+	Appropriations Appropriations
	12	+	A BILL FOR AN ACT
8	13		C
9		-	ONCERNING THE IMPLEMENTATION OF STATE CLIMATE GOALS , AND, IN
10		-	CONNECTION THEREWITH
11		-	, MAKING AND REDUCING AN
12		-	APPROPRIATION
13		-	.
14		-
15		-	Be it enacted by the General Assembly of the State of Colorado:
16		-	SECTION 1. In Colorado Revised Statutes, add part 23 to article
17		-	30 of title 24 as follows:
18		-	PART 23
19		-	OFFICE OF SUSTAINABILITY
20		-	24-30-2301. Legislative declaration. T
21		-	HE GENERAL ASSEMBLY
22		-	HEREBY FINDS AND DECLARES THAT
23		-	:
24		-	(1) T
25		-	HE STATE SHOULD BE A LEADER IN SUSTAINABILITY AND
26		-	NOTE: This bill has been prepared for the signatures of the appropriate legislative
27		-	officers and the Governor. To determine whether the Governor has signed the bill
28		-	or taken other action on it, please consult the legislative status sheet, the legislative
29		-	history, or the Session Laws.
30		-	________
31		-	Capital letters or bold & italic numbers indicate new material added to existing law; dashes
32		-	through words or numbers indicate deletions from existing law and such material is not part of
33		-	the act. SHOULD OFFER SUSTAINABLE PRACTICES TO STATE AGENCIES AS A CORE
34		-	ADMINISTRATIVE SERVICE
35		-	;
36		-	(2) R
37		-	EDUCING THE STATE 'S OPERATING AND ENERGY COSTS
38		-	SUPPORTS A VIBRANT AND DIVERSE ECONOMY AND SAVES TAXPAYERS
39		-	MONEY
40		-	;
41		-	(3) E
42		-	NSURING STATE COMPLIANCE WITH ENVIRONMENTAL
43		-	MANDATES IS CRITICAL TO THE FUTURE OF OUR STATE AND OUR NATION
44		-	;
45		-	(4) S
46		-	USTAINABLE STATE AGENCY OPERATIONS CONSERVE WATER
47		-	AND OFFSET THE ESTIMATED FUTURE WATER NEEDS OF UP TO SEVEN
48		-	HUNDRED FORTY THOUSAND ADDITIONAL ACRE FEET AS OUTLINED IN THE
49		-	2023 COLORADO WATER PLAN ADOPTED BY THE COLORADO WATER
50		-	CONSERVATION BOARD
51		-	; AND
52		-	(5) COORDINATING SUSTAINABLE PRACTICES IS BEST ACCOMPLISHED
53		-	THROUGH THE CREATION OF AN OFFICE FOCUSED ON THE STATE
54		-	'S
55		-	OPERATIONS
56		-	, CAPITAL CONSTRUCTION PROJECTS, AND PROCUREMENT.
57		-	24-30-2302. Definitions. A
58		-	S USED IN THIS PART 23, UNLESS THE
59		-	CONTEXT OTHERWISE REQUIRES
60		-	:
61		-	(1) "D
62		-	EPARTMENT" MEANS THE DEPARTMENT OF PERSONNEL .
63		-	(2) "E
64		-	LECTIVE PAY APPLICATION" MEANS ANY APPLICATION FOR
65		-	ELECTIVE PAY FUNDING AVAILABLE UNDER THE FEDERAL
66		-	"INFLATION
67		-	REDUCTION ACT OF 2022", PUB.L. 117-169, 136 STAT. 1818 (2022).
68		-	(3) "E
69		-	NVIRONMENTALLY PREFERABLE PRODUCTS OR SERVICES "
70		-	MEANS PRODUCTS OR SERVICES THAT CREATE FEWER OR LESS SEVERE
71		-	NEGATIVE IMPACTS ON THE NATURAL ENVIRONMENT WHEN COMPARED TO
72		-	SIMILAR PRODUCTS OR SERVICES
73		-	.
74		-	(4) "O
75		-	FFICE" MEANS THE OFFICE OF SUSTAINABILITY CREATED IN
76		-	SECTION
77		-	24-30-2303 (1).
78		-	(5) "S
79		-	TATE AGENCY" MEANS A PRINCIPAL DEPARTMENT AS DEFINED
80		-	IN SECTION
81		-	24-1-110 AND ANY DIVISION, OFFICE, BOARD, COMMISSION, OR
82		-	ENTERPRISE WITHIN A PRINCIPAL DEPARTMENT
83		-	; EXCEPT THAT "STATE
84		-	PAGE 2-SENATE BILL 24-214 AGENCY" DOES NOT INCLUDE AN INSTITUTION OF HIGHER EDUCATION AS
85		-	DEFINED IN SECTION
86		-	23-18-102 (7).
87		-	(6) "S
88		-	USTAINABILITY" MEANS THE MINIMIZATION OF NEGATIVE
89		-	IMPACTS ON THE NATURAL ENVIRONMENT
90		-	, WHICH INCLUDE BUT ARE NOT
91		-	LIMITED TO EMISSIONS OF GREENHOUSE GASES
92		-	, CLIMATE CHANGE ,
93		-	INCREASED WATER CONSUMPTION OR WATER WASTE , POLLUTION,
94		-	NONRENEWABLE ENERGY USAGE , AND OVER-CONSUMPTION OR WASTE OF
95		-	RESOURCES
96		-	.
97		-	(7) "S
98		-	USTAINABLE PRACTICE" MEANS A PRACTICE THAT INCREASES
99		-	SUSTAINABILITY BY REDUCING ONE OR MORE NEGATIVE IMPACTS ON THE
100		-	NATURAL ENVIRONMENT
101		-	.
102		-	24-30-2303. Office of sustainability - creation - duties. (1) T
103		-	HE
104		-	OFFICE OF SUSTAINABILITY IS HEREBY CREATED IN THE DEPARTMENT
105		-	. THE
106		-	OFFICE IS A TYPE
107		-	2 ENTITY, AS DEFINED IN SECTION 24-1-105, AND
108		-	EXERCISES ITS POWERS AND PERFORMS ITS DUTIES AND FUNCTIONS UNDER
109		-	THE DEPARTMENT
110		-	. THE OFFICE SHALL WORK WITH STATE AGENCIES TO
111		-	IMPLEMENT SUSTAINABLE PRACTICES
112		-	.
113		-	(2) T
114		-	HE POWERS, DUTIES, AND FUNCTIONS OF THE OFFICE INCLUDE:
115		-	(a) P
116		-	ROVIDING LEADERSHIP TO AND REQUIRING ACCOUNTABILITY
117		-	FROM STATE AGENCIES REGARDING ONGOING SUSTAINABILITY INITIATIVES
118		-	;
119		-	(b) D
120		-	EVELOPING BASELINE METRICS AND GOALS FOR THE REDUCTION
121		-	OF NEGATIVE ENVIRONMENTAL IMPACTS AND TRACKING STATE AGENCIES
122		-	'
123		-	PERFORMANCE TOWARD ACHIEVING THOSE GOALS ;
124		-	(c) T
125		-	RACKING THE AMOUNT OF MONEY THE STATE SAVES AS A
126		-	RESULT OF IMPLEMENTING SUSTAINABLE PRACTICES
127		-	;
128		-	(d) S
129		-	EEKING AND APPLYING FOR FEDERAL FUNDING AND OTHER
130		-	GRANT OPPORTUNITIES THAT WOULD SUPPORT STATE AGENCIES
131		-	'
132		-	SUSTAINABLE PRACTICES;
133		-	(e) A
134		-	SSISTING STATE AGENCIES IN IMPLEMENTING SUSTAINABLE
	14	+	ONCERNING THE IMPLEMENTATION OF STATE CLIMATE GOALS , AND,
	15	+	101
	16	+	IN CONNECTION THEREWITH , MAKING AND REDUCING AN102
	17	+	APPROPRIATION.103
	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	+	Section 1 of the bill creates the office of sustainability in the
	26	+	department of personnel (department). The office of sustainability is
	27	+	required to work with state agencies and institutions of higher education
	28	+	to implement environmentally sustainable practices. The powers, duties,
	29	+	and functions of the office of sustainability include:
	30	+	HOUSE
	31	+	Amended 2nd Reading
	32	+	May 7, 2024
	33	+	SENATE
	34	+	3rd Reading Unamended
	35	+	May 3, 2024
	36	+	SENATE
	37	+	Amended 2nd Reading
	38	+	May 2, 2024
	39	+	SENATE SPONSORSHIP
	40	+	Hansen and Cutter, Bridges, Buckner, Exum, Jaquez Lewis, Michaelson Jenet, Priola
	41	+	HOUSE SPONSORSHIP
	42	+	Amabile and McCormick,
	43	+	Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
	44	+	Capital letters or bold & italic numbers indicate new material to be added to existing law.
	45	+	Dashes through the words or numbers indicate deletions from existing law. ! Providing leadership to and requiring accountability from
	46	+	state agencies regarding ongoing sustainability initiatives;
	47	+	! Developing baseline metrics and goals for reduction of
	48	+	negative environmental impacts and tracking state agencies'
	49	+	performance in achieving the goals;
	50	+	! Tracking the amount of money the state saves as a result of
	51	+	implementing sustainable practices;
	52	+	! Seeking and applying for federal funding and other grant
	53	+	opportunities that would support sustainable practices
	54	+	within state agencies;
	55	+	! Assisting state agencies in implementing sustainable
135	56		procurement methods and introducing options for
136	57		environmentally preferable products or services to state
137		-	PAGE 3-SENATE BILL 24-214 AGENCIES;
	58	+	agencies;
	59	+	! Assisting state agencies in installing energy-efficient
	60	+	equipment and fixtures;
	61	+	! Assisting state agencies in meeting building performance
	62	+	standards such as those administered by the Colorado
	63	+	energy office;
	64	+	! Coordinating and assisting in planning and constructing
	65	+	state agencies' electric vehicle charging infrastructure and
	66	+	ensuring utilization of such infrastructure;
	67	+	! Instituting water reduction initiatives, including but not
	68	+	limited to the installation of water-conserving fixtures and
	69	+	plants on state property;
	70	+	! Assisting state agencies in transitioning from gas-powered
	71	+	to electric equipment;
	72	+	! Implementing statewide waste diversion practices to
	73	+	increase state agencies' recycling rates;
	74	+	! Developing commuting opportunities for state employees
	75	+	that reduce greenhouse gas emissions and other pollution;
	76	+	! Assisting state agencies in developing training programs to
	77	+	educate state employees on sustainable practices; and
	78	+	! Conducting other activities as directed by the general
	79	+	assembly or the governor.
	80	+	The bill creates the state agency sustainability revolving fund
	81	+	(revolving fund) and directs the state treasurer to transfer $540,230 from
	82	+	the general fund to the revolving fund. The bill specifies that the office
	83	+	of sustainability may use the money in the revolving fund for the purposes
	84	+	of operating the office and replacing the state's gas- and diesel-powered
	85	+	equipment located in ozone nonattainment areas as designated by the U.S.
	86	+	environmental protection agency.
	87	+	In addition, the bill requires the office of sustainability to review
	88	+	and coordinate state agencies' applications for elective pay funding
	89	+	available under the federal "Inflation Reduction Act of 2022" (act), and
	90	+	214
	91	+	-2- to work with the office of the state controller to coordinate central
	92	+	submissions of elective pay applications by advising and assisting state
	93	+	agencies in submitting and centrally filing those applications and by
	94	+	providing technical assistance to state agencies on elective pay.
	95	+	The bill also creates the inflation reduction act elective pay cash
	96	+	fund (cash fund), which consists of money received by the department
	97	+	pursuant to the elective pay provisions of the act, all of which must be
	98	+	deposited into the cash fund to be used for the purposes of the office.
	99	+	Section 2 specifies that the office of sustainability is a type 2 entity
	100	+	under the administrative organization act.
	101	+	Section 3 makes several clarifications regarding the geothermal
	102	+	energy grant program (grant program), including specifying that:
	103	+	! The grant program applies to both heating-only and
	104	+	combined heating and cooling systems;
	105	+	! At least 25% of the grant money must be awarded to
	106	+	eligible entities from or projects in low-income,
	107	+	disproportionately impacted, or just transition communities;
	108	+	and
	109	+	! The Colorado energy office may utilize grant program
	110	+	money to support education, outreach, and engagement
	111	+	with the general public and relevant stakeholders to
	112	+	facilitate the growth of the geothermal sector and
	113	+	awareness of relevant state programs in Colorado.
	114	+	Section 4 extends the deadline for the energy code board to
	115	+	develop a model low energy and carbon code and specifies that the model
	116	+	low energy and carbon code can include appendices and resources to the
	117	+	international energy conservation code.
	118	+	Section 5 decreases the amount of money the Colorado energy
	119	+	office can issue in grants to local governments to support their adoption
	120	+	and enforcement of the 2021 international energy conservation code, an
	121	+	electric ready and solar ready code, and a low energy and carbon code by
	122	+	$125,000 and increases the amount the treasurer is required to transfer
	123	+	into the energy fund to $275,000.
	124	+	Section 6 clarifies that, for purposes of the industrial clean energy
	125	+	tax credit, an industrial study includes a pre-front-end or front-end
	126	+	engineering design study that meets or exceeds the standards established
	127	+	by the Colorado energy office or any other industrial studies as outlined
	128	+	in program standards, and that an owner includes a project developer.
	129	+	Section 6 also increases the amount of the credit that can be claimed to
	130	+	$8 million, and specifies that an owner that claims the industrial clean
	131	+	energy tax credit cannot, for the same greenhouse gas emission reduction
	132	+	improvements, claim the enterprise zone investment tax credit or receive
	133	+	grant money under the industrial and manufacturing operations clean air
	134	+	grant program.
	135	+	Section 7 clarifies several definitions related to the tax credit for
	136	+	214
	137	+	-3- expenditures made in connection with a geothermal energy project and
	138	+	adds several definitions. Section 7 also adds tribal governments as
	139	+	eligible taxpayers pursuant to the tax credit.
	140	+	Section 8 adds tribal governments as qualified entities pursuant to
	141	+	the geothermal electricity generation production tax credit, and requires
	142	+	the Colorado energy office to annually review and evaluate the
	143	+	effectiveness of the tax credit.
	144	+	Section 9 clarifies the definition of "air-source heat pump system"
	145	+	pursuant to the heat pump technology and thermal energy network tax
	146	+	credit and allows the Colorado energy office to review and modify more
	147	+	credit amounts and create certificate maximums related to the heat pump
	148	+	technology and thermal energy network tax credit.
	149	+	Section 10 clarifies that certain provisions related to the clean
	150	+	hydrogen tax credit are subject to rules adopted by the public utilities
	151	+	commission.
	152	+	Section 11 advances the deadline by which the treasurer must
	153	+	repay all administrative costs to the industrial and manufacturing
	154	+	operations clean air grant program cash fund, the geothermal energy grant
	155	+	fund, the community access to electric bicycles cash fund, and the
	156	+	electrifying school buses grant program cash fund to June 30, 2024.
	157	+	Be it enacted by the General Assembly of the State of Colorado:1
	158	+	SECTION 1. In Colorado Revised Statutes, add part 23 to article2
	159	+	30 of title 24 as follows:3
	160	+	PART 234
	161	+	OFFICE OF SUSTAINABILITY5
	162	+	24-30-2301. Legislative declaration. T
	163	+	HE GENERAL ASSEMBLY6
	164	+	HEREBY FINDS AND DECLARES THAT :7
	165	+	(1) T
	166	+	HE STATE SHOULD BE A LEADER IN SUSTAINABILITY AND8
	167	+	SHOULD OFFER SUSTAINABLE PRACTICES TO STATE AGENCIES AS A CORE9
	168	+	ADMINISTRATIVE SERVICE;10
	169	+	(2) R
	170	+	EDUCING THE STATE'S OPERATING AND ENERGY COSTS11
	171	+	SUPPORTS A VIBRANT AND DIVERSE ECONOMY AND SAVES TAXPAYERS12
	172	+	MONEY;13
	173	+	(3) E
	174	+	NSURING STATE COMPLIANCE WITH ENVIRONMENTAL14
	175	+	214-4- MANDATES IS CRITICAL TO THE FUTURE OF OUR STATE AND OUR NATION ;1
	176	+	(4) S
	177	+	USTAINABLE STATE AGENCY OPERATIONS CONSERVE WATER2
	178	+	AND OFFSET THE ESTIMATED FUTURE WATER NEEDS OF UP TO SEVEN3
	179	+	HUNDRED FORTY THOUSAND ADDITIONAL ACRE FEET AS OUTLINED IN THE4
	180	+	2023
	181	+	COLORADO WATER PLAN ADOPTED BY THE COLORADO WATER5
	182	+	CONSERVATION BOARD; AND6
	183	+	(5) C
	184	+	OORDINATING SUSTAINABLE PRACTICES IS BEST7
	185	+	ACCOMPLISHED THROUGH THE CREATION OF AN OFFICE FOCUSED ON THE8
	186	+	STATE'S OPERATIONS, CAPITAL CONSTRUCTION PROJECTS , AND9
	187	+	PROCUREMENT.10
	188	+	24- 30- 2302. Definitions. A
	189	+	S USED IN THIS PART 23, UNLESS THE11
	190	+	CONTEXT OTHERWISE REQUIRES :12
	191	+	(1) "D
	192	+	EPARTMENT" MEANS THE DEPARTMENT OF PERSONNEL .13
	193	+	(2) "ELECTIVE PAY APPLICATION" MEANS ANY APPLICATION FOR14
	194	+	ELECTIVE PAY FUNDING AVAILABLE UNDER THE FEDERAL "INFLATION15
	195	+	REDUCTION ACT OF 2022", PUB.L. 117-169, 136 STAT. 1818 (2022).16
	196	+	(3) "ENVIRONMENTALLY PREFERABLE PRODUCTS OR SERVICES "17
	197	+	MEANS PRODUCTS OR SERVICES THAT CREATE FEWER OR LESS SEVERE18
	198	+	NEGATIVE IMPACTS ON THE NATURAL ENVIRONMENT WHEN COMPARED TO19
	199	+	SIMILAR PRODUCTS OR SERVICES.20
	200	+	(4) "OFFICE" MEANS THE OFFICE OF SUSTAINABILITY CREATED IN21
	201	+	SECTION 24-30-2303 (1).22
	202	+	(5) "STATE AGENCY" MEANS A PRINCIPAL DEPARTMENT AS23
	203	+	DEFINED IN SECTION 24-1-110 AND ANY DIVISION, OFFICE, BOARD,24
	204	+	COMMISSION, OR ENTERPRISE WITHIN A PRINCIPAL DEPARTMENT; EXCEPT25
	205	+	THAT "STATE AGENCY" DOES NOT INCLUDE AN INSTITUTION OF HIGHER26
	206	+	EDUCATION AS DEFINED IN SECTION 23-18-102 (7).27
	207	+	214
	208	+	-5- (6) "SUSTAINABILITY" MEANS THE MINIMIZATION OF NEGATIVE1
	209	+	IMPACTS ON THE NATURAL ENVIRONMENT , WHICH INCLUDE BUT ARE NOT2
	210	+	LIMITED TO EMISSIONS OF GREENHOUSE GASES , CLIMATE CHANGE,3
	211	+	INCREASED WATER CONSUMPTION OR WATER WASTE , POLLUTION,4
	212	+	NONRENEWABLE ENERGY USAGE , AND OVER-CONSUMPTION OR WASTE OF5
	213	+	RESOURCES.6
	214	+	(7) "SUSTAINABLE PRACTICE" MEANS A PRACTICE THAT INCREASES7
	215	+	SUSTAINABILITY BY REDUCING ONE OR MORE NEGATIVE IMPACTS ON THE8
	216	+	NATURAL ENVIRONMENT .9
	217	+	24-30-2303. Office of sustainability - creation - duties. (1) T
	218	+	HE10
	219	+	OFFICE OF SUSTAINABILITY IS HEREBY CREATED IN THE DEPARTMENT . THE11
	220	+	OFFICE IS A TYPE 2 ENTITY, AS DEFINED IN SECTION 24-1-105, AND12
	221	+	EXERCISES ITS POWERS AND PERFORMS ITS DUTIES AND FUNCTIONS UNDER13
	222	+	THE DEPARTMENT. THE OFFICE SHALL WORK WITH STATE AGENCIES
	223	+	TO14
	224	+	IMPLEMENT SUSTAINABLE PRACTICES .15
	225	+	(2) T
	226	+	HE POWERS, DUTIES, AND FUNCTIONS OF THE OFFICE INCLUDE:16
	227	+	(a) P
	228	+	ROVIDING LEADERSHIP TO AND REQUIRING ACCOUNTABILITY17
	229	+	FROM STATE AGENCIES REGARDING ONGOING SUSTAINABILITY18
	230	+	INITIATIVES;19
	231	+	(b) D
	232	+	EVELOPING BASELINE METRICS AND GOALS FOR THE20
	233	+	REDUCTION OF NEGATIVE ENVIRONMENTAL IMPACTS AND TRACKING STATE21
	234	+	AGENCIES' PERFORMANCE TOWARD ACHIEVING THOSE GOALS ;22
	235	+	(c) T
	236	+	RACKING THE AMOUNT OF MONEY THE STATE SAVES AS A23
	237	+	RESULT OF IMPLEMENTING SUSTAINABLE PRACTICES ;24
	238	+	(d) S
	239	+	EEKING AND APPLYING FOR FEDERAL FUNDING AND OTHER25
	240	+	GRANT OPPORTUNITIES THAT WOULD SUPPORT STATE AGENCIES '26
	241	+	SUSTAINABLE PRACTICES;27
	242	+	214
	243	+	-6- (e) ASSISTING STATE AGENCIES IN IMPLEMENTING SUSTAINABLE1
	244	+	PROCUREMENT METHODS AND INTRODUCING OPTIONS FOR2
	245	+	ENVIRONMENTALLY PREFERABLE PR ODUCTS OR SERVICES TO STATE3
	246	+	AGENCIES;4
138	247		(f) A
139		-	SSISTING STATE AGENCIES IN INSTALLING ENERGY -EFFICIENT
140		-	EQUIPMENT AND FIXTURES
141		-	;
	248	+	SSISTING STATE AGENCIES IN INSTALLING ENERGY-EFFICIENT5
	249	+	EQUIPMENT AND FIXTURES;6
142	250		(g) A
143		-	SSISTING STATE AGENCIES IN MEETING BUILDING PERFORMANCE
144		-	STANDARDS SUCH AS THOSE ADMINISTERED BY THE
145		-	COLORADO ENERGY
146		-	OFFICE
147		-	;
	251	+	SSISTING STATE AGENCIES IN MEETING BUILDING7
	252	+	PERFORMANCE STANDARDS SUCH AS THOSE ADMINISTERED BY THE8
	253	+	C
	254	+	OLORADO ENERGY OFFICE;9
148	255		(h) C
149		-	OORDINATING AND ASSISTING IN PLANNING AND CONSTRUCTING
150		-	STATE AGENCIES
151		-	' ELECTRIC VEHICLE CHARGING INFRASTRUCTURE AND
152		-	ENSURING UTILIZATION OF SUCH INFRASTRUCTURE
153		-	;
	256	+	OORDINATING AND ASSISTING IN PLANNING AND10
	257	+	CONSTRUCTING STATE AGENCIES ' ELECTRIC VEHICLE CHARGING11
	258	+	INFRASTRUCTURE AND ENSURING UTILIZATION OF SUCH INFRASTRUCTURE ;12
154	259		(i) I
155		-	NSTITUTING WATER REDUCTION ~~INITIATIVES FOR STATE~~
156		-	~~AGENCIES~~
157		-	, INCLUDING BUT NOT LIMITED TO:
	260	+	NSTITUTING WATER REDUCTION
	261	+	INITIATIVES FOR STATE13
	262	+	AGENCIES, INCLUDING BUT NOT LIMITED TO:14
158	263		(I) T
159	264		HE INSTALLATION OF WATER -CONSERVING FIXTURES AND
160		-	~~WATER~~
161		-	-WISE PLANTS ON STATE PROPERTY;
	265	+	15
	266	+	WATER-WISE PLANTS ON STATE PROPERTY;16
162	267		(II) T
163	268		HE CONVERSION OF NONNATIVE GRASSES TO XERISCAPE IN
164		-	~~ACCORDANCE WITH THE PRINCIPLES OF WATER~~
165		-	-WISE LANDSCAPING, ~~WITH AN~~
166		-	EMPHASIS ON NATIVE PLANTS
167		-	~~, SET FORTH IN SECTION 37-60-135 (2)(l); AND~~
168		-	(III) ~~THE REDUCTION OF NONFUNCTIONAL TURF AND~~
169		-	~~ENCOURAGEMENT~~ OF ~~WATER~~
170		-	~~-EFFICIENT SUSTAINABLE LANDSCAPING~~
171		-	~~PRACTICES AT STATE FACILITIES~~
172		-	;
	269	+	17
	270	+	ACCORDANCE WITH THE PRINCIPLES OF WATER -WISE LANDSCAPING, WITH18
	271	+	AN EMPHASIS ON NATIVE PLANTS, SET FORTH IN SECTION 37-60-135 (2)(l);19
	272	+	AND20
	273	+	(III) T
	274	+	HE REDUCTION OF NONFUNCTIONAL TURF AND
	275	+	21
	276	+	ENCOURAGEMENT OF WATER -EFFICIENT SUSTAINABLE LANDSCAPING22
	277	+	PRACTICES AT STATE FACILITIES;23
173	278		(j) A
174		-	SSISTING STATE AGENCIES IN TRANSITIONING FROM
175		-	GAS
176		-	-POWERED TO ELECTRIC EQUIPMENT ;
	279	+	SSISTING STATE AGENCIES IN TRANSITIONING FROM24
	280	+	GAS-POWERED TO ELECTRIC EQUIPMENT ;25
177	281		(k) I
178		-	MPLEMENTING STATEWIDE WASTE DIVERSION PRACTICES TO
179		-	INCREASE STATE AGENCIES
180		-	' RECYCLING RATES;
181		-	(l) D
182		-	EVELOPING COMMUTING OPPORTUNITIES FOR STATE EMPLOYEES
183		-	THAT REDUCE GREENHOUSE GAS EMISSIONS AND OTHER POLLUTION
184		-	;
	282	+	MPLEMENTING STATEWIDE WASTE DIVERSION PRACTICES TO26
	283	+	INCREASE STATE AGENCIES' RECYCLING RATES;27
	284	+	214
	285	+	-7- (l) DEVELOPING COMMUTING OPPORTUNITIES FOR STATE1
	286	+	EMPLOYEES THAT REDUCE GREENHOUSE GAS EMISSIONS AND OTHER2
	287	+	POLLUTION;3
185	288		(m) A
186		-	SSISTING STATE AGENCIES IN DEVELOPING TRAINING
187		-	PROGRAMS TO EDUCATE STATE EMPL OYEES ON SUSTAINABLE PRACTICES
188		-	;
189		-	AND
190		-	PAGE 4-SENATE BILL 24-214 (n) CONDUCTING OTHER ACTIVITIES AS DIRECTED BY THE GENERAL
191		-	ASSEMBLY OR THE GOVERNOR
192		-	.
	289	+	SSISTING STATE AGENCIES IN DEVELOPING TRAINING4
	290	+	PROGRAMS TO EDUCATE STATE EMPL OYEES ON SUSTAINABLE PRACTICES ;5
	291	+	AND6
	292	+	(n) C
	293	+	ONDUCTING OTHER ACTIVITIES AS DIRECTED BY THE GENERAL7
	294	+	ASSEMBLY OR THE GOVERNOR .8
193	295		24-30-2304. Revolving fund - definition. (1) T
194		-	HE STATE AGENCY
195		-	SUSTAINABILITY REVOLVING FUND
196		-	, REFERRED TO IN THIS SECTION AS THE
197		-	"FUND", IS CREATED IN THE STATE TREASURY . THE FUND CONSISTS OF
198		-	MONEY TRANSFERRED TO THE FUND PURSUANT TO SUBSECTION
199		-	(2) OF THIS
200		-	SECTION AND ANY OTHER MONEY THAT THE GENERAL ASSEMBLY MAY
201		-	APPROPRIATE OR TRANSFER TO THE FUND
202		-	.
	296	+	HE STATE AGENCY9
	297	+	SUSTAINABILITY REVOLVING FUND , REFERRED TO IN THIS SECTION AS THE10
	298	+	"
	299	+	FUND", IS CREATED IN THE STATE TREASURY . THE FUND CONSISTS OF11
	300	+	MONEY TRANSFERRED TO THE FUND PURS UANT TO SUBSECTION (2) OF THIS12
	301	+	SECTION AND ANY OTHER MONEY THAT THE GENERAL ASSEMBLY MAY13
	302	+	APPROPRIATE OR TRANSFER TO THE FUND .14
203	303		(2) O
204	304		N JULY 1, 2024, AND ON JULY 1 EACH YEAR THEREAFTER, THE
205		-	STATE TREASURER SHALL TRANSFER FOUR HUNDRED THOUSAND DOLLARS
206		-	FROM THE GENERAL FUND TO THE FUND
207		-	. THE OFFICE SHALL ALLOCATE THE
208		-	MONEY IN THE FUND TO ASSIST IN REPLACING THE STATE
209		-	'S GAS AND
210		-	DIESEL
211		-	-POWERED EQUIPMENT THAT IS LOCATED IN OZONE NONATTAINMENT
212		-	AREAS AS DESIGNATED BY THE
213		-	U.S. ENVIRONMENTAL PROTECTION AGENCY
214		-	WITH EQUIVALENT ELECTRIC EQUIPMENT
215		-	, AND TO OPERATE THE OFFICE IN
216		-	ACCORDANCE WITH THIS PART
217		-	23.
	305	+	15
	306	+	STATE TREASURER SHALL TRANSFER FOUR HUNDRED THOUSAND DOLLARS16
	307	+	FROM THE GENERAL FUND TO THE FUND . THE OFFICE SHALL ALLOCATE17
	308	+	THE MONEY IN THE FUND TO ASSIST IN REPLACING THE STATE 'S GAS AND18
	309	+	DIESEL-POWERED EQUIPMENT THAT IS LOCATED IN OZONE19
	310	+	NONATTAINMENT AREAS AS DESIGNATED BY THE U.S. ENVIRONMENTAL20
	311	+	PROTECTION AGENCY WITH EQUIVALENT ELECTRIC EQUIPMENT , AND TO21
	312	+	OPERATE THE OFFICE IN ACCORDANCE WITH THIS PART 23. 22
218	313		(3) T
219		-	HE STATE TREASURER SHALL CREDIT ALL INTEREST AND INCOME
220		-	DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE FUND TO
221		-	THE FUND
222		-	. ANY UNEXPENDED AND UNENCUMBERED MONEY REMAINING IN
223		-	THE FUND AT THE END OF A FISCAL YEAR SHALL REMAIN IN THE FUND
224		-	.
225		-	(4) M
226		-	ONEY IN THE FUND IS CONTINUOUSLY APPROPRIATED TO THE
227		-	DEPARTMENT TO BE USED FOR THE PURPOSES SPECIFIED IN SUBSECTION
228		-	(2)
229		-	OF THIS SECTION.
	314	+	HE STATE TREASURER SHALL CREDIT ALL INTEREST AND23
	315	+	INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE24
	316	+	FUND TO THE FUND. ANY UNEXPENDED AND UNENCUMBERED MONEY25
	317	+	REMAINING IN THE FUND AT THE END OF A FISCAL YEAR SHALL REMAIN IN26
	318	+	THE FUND.27
	319	+	214
	320	+	-8- (4) MONEY IN THE FUND IS CONTINUOUSLY APPROPRIATED TO THE1
	321	+	DEPARTMENT TO BE USED FOR THE PURPOSES SPECIFIED IN SUBSECTION (2)2
	322	+	OF THIS SECTION.3
230	323		(5) T
231		-	HE DEPARTMENT MAY SOLICIT , ACCEPT, AND EXPEND GIFTS,
232		-	GRANTS, AND DONATIONS FOR THE PURPOSES OF THIS PART 23. THE
233		-	DEPARTMENT SHALL CREDIT ANY GIFTS
234		-	, GRANTS, AND DONATIONS TO THE
235		-	FUND
236		-	.
237		-	24-30-2305. Inflation reduction act elective pay - central
	324	+	HE DEPARTMENT MAY SOLICIT, ACCEPT, AND EXPEND GIFTS,4
	325	+	GRANTS, AND DONATIONS FOR THE PURPOSES OF THIS PART 23. THE5
	326	+	DEPARTMENT SHALL CREDIT ANY GIFTS , GRANTS, AND DONATIONS TO THE6
	327	+	FUND.7
	328	+	24-30-2305. Inflation reduction act elective pay - central8
238	329		submission of applications - cash fund - definition. (1) I
239		-	N ADDITION TO
240		-	THE POWERS
241		-	, DUTIES, AND FUNCTIONS OF THE OFFICE SPECIFIED IN SECTION
242		-	24-30-2303, THE OFFICE SHALL REVIEW AND COORDINATE STATE AGENCIES '
243		-	ELECTIVE PAY APPLICATIONS AND WORK WITH THE OFFICE OF THE STATE
244		-	CONTROLLER TO COORDINATE CENTRAL SUBMISSIONS OF ELECTIVE PAY
245		-	APPLICATIONS
246		-	. THE OFFICE SHALL ADVISE AND PROVIDE TECHNICAL
247		-	PAGE 5-SENATE BILL 24-214 ASSISTANCE TO STATE AGENCIES ON ALL ASPECTS OF ELECTIVE PAY TO THE
248		-	EXTENT FEASIBLE
249		-	. STATE AGENCIES SHALL SUBMIT ELECTIVE PAY
250		-	APPLICATIONS DIRECTLY TO THE OFFICE OF THE STATE CONTROLLER
251		-	.
	330	+	N ADDITION TO9
	331	+	THE POWERS, DUTIES, AND FUNCTIONS OF THE OFFICE SPECIFIED IN10
	332	+	SECTION 24-30-2303, THE OFFICE SHALL REVIEW AND COORDINATE STATE11
	333	+	AGENCIES' ELECTIVE PAY APPLICATIONS AND WORK WITH THE OFFICE12
	334	+	OF THE STATE CONTROLLER TO COORDINATE CENTRAL SUBMISSIONS OF13
	335	+	ELECTIVE PAY APPLICATIONS. THE OFFICE SHALL ADVISE AND PROVIDE14
	336	+	TECHNICAL ASSISTANCE TO STATE AGENCIES ON ALL ASPECTS OF ELECTIVE15
	337	+	PAY TO THE EXTENT FEASIBLE. STATE AGENCIES SHALL SUBMIT ELECTIVE16
	338	+	PAY APPLICATIONS DIRECTLY TO THE OFFICE OF THE STATE CONTROLLER.17
252	339		(2) (a) T
253		-	HE INFLATION REDUCTION ACT ELECTIVE PAY CASH FUND ,
254		-	REFERRED TO IN THIS SECTION AS THE "CASH FUND", IS CREATED IN THE
255		-	STATE TREASURY
256		-	. THE CASH FUND CONSISTS OF MONEY RECEIVED BY THE
257		-	STATE OR STATE AGENCIES PURSUANT TO THE ELECTIVE PAY PROVISIONS OF
258		-	THE FEDERAL
259		-	"INFLATION REDUCTION ACT OF 2022", PUB.L. 117-169, 136
260		-	S
261		-	TAT. 1818 (2022), ALL OF WHICH MUST BE DEPOSITED INTO THE CASH FUND,
262		-	AND ANY OTHER MONEY THAT THE GENERAL ASSEMBLY MAY APPROPRIATE
263		-	OR TRANSFER TO THE CASH FUND
264		-	.
	340	+	HE INFLATION REDUCTION ACT ELECTIVE PAY CASH FUND ,18
	341	+	REFERRED TO IN THIS SECTION AS THE "CASH FUND", IS CREATED IN THE19
	342	+	STATE TREASURY. THE CASH FUND CONSISTS OF MONEY RECEIVED BY THE20 STATE OR STATE AGENCIES PURSUANT TO THE ELECTIVE PAY PROVISIONS21
	343	+	OF THE FEDERAL "INFLATION REDUCTION ACT OF 2022", PUB.L. 117-169,22
	344	+	136
	345	+	STAT. 1818 (2022), ALL OF WHICH MUST BE DEPOSITED INTO THE CASH23
	346	+	FUND, AND ANY OTHER MONEY THAT THE GENERAL ASSEMBLY MAY24
	347	+	APPROPRIATE OR TRANSFER TO THE CASH FUND .25
265	348		(b) T
266		-	HE STATE TREASURER SHALL CREDIT ALL INTEREST AND INCOME
267		-	DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE CASH FUND
268		-	TO THE CASH FUND
269		-	. ANY UNEXPENDED AND UNENCUMBERED MONEY
270		-	REMAINING IN THE CASH FUND AT THE END OF A FISCAL YEAR SHALL REMAIN
271		-	IN THE CASH FUND
272		-	.
	349	+	HE STATE TREASURER SHALL CREDIT ALL INTEREST AND26
	350	+	INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE27
	351	+	214
	352	+	-9- CASH FUND TO THE CASH FUND. ANY UNEXPENDED AND UNENCUMBERED1
	353	+	MONEY REMAINING IN THE CASH FUND AT THE END OF A FISCAL YEAR2
	354	+	SHALL REMAIN IN THE CASH FUND.3
273	355		(c) M
274		-	ONEY IN THE CASH FUND IS CONTINUOUSLY ~~APPROPRIATED TO~~
275		-	THE DEPARTMENT TO BE USED FOR THE PURPOSES SPECIFIED IN ~~THIS PART~~
276		-	23.
	356	+	ONEY IN THE CASH FUND IS CONTINUOUSLY APPROPRIATED4
	357	+	TO THE DEPARTMENT TO BE USED FOR THE PURPOSES SPECIFIED IN THIS5
	358	+	PART 23.6
277	359		(3) T
278		-	HE DEPARTMENT MAY SOLICIT , ACCEPT, AND EXPEND GIFTS,
279		-	GRANTS, AND DONATIONS FOR THE PURPOSES SPECIFIED IN THIS PART 23. THE
280		-	DEPARTMENT SHALL CREDIT ANY GIFTS
281		-	, GRANTS, AND DONATIONS TO THE
282		-	CASH FUND
283		-	.
284		-	SECTION 2. In Colorado Revised Statutes, 24-1-128, add (9) as
285		-	follows:
	360	+	HE DEPARTMENT MAY SOLICIT, ACCEPT, AND EXPEND GIFTS,7
	361	+	GRANTS, AND DONATIONS FOR THE PURPOSES SPECIFIED IN THIS PART 23.8
	362	+	T
	363	+	HE DEPARTMENT SHALL CREDIT ANY GIFTS , GRANTS, AND DONATIONS TO9
	364	+	THE CASH FUND.10
	365	+	SECTION 2. In Colorado Revised Statutes, 24-1-128, add (9) as11
	366	+	follows:12
286	367		24-1-128. Department of personnel - creation. (9) T
287		-	HE OFFICE OF
288		-	SUSTAINABILITY IS CREATED IN SECTION
289		-	24-30-2303. THE OFFICE IS A TYPE
290		-	2 ENTITY, AS DEFINED IN SECTION 24-1-105, AND EXERCISES ITS POWERS AND
291		-	PERFORMS ITS DUTIES AND FUNCTIONS UNDER THE DEPARTMENT OF
292		-	PERSONNEL
293		-	.
294		-	SECTION 3. In Colorado Revised Statutes, add article 7.7 to title
295		-	6 as follows:
296		-	ARTICLE 7.7
297		-	Standards for Construction Projects
298		-	PAGE 6-SENATE BILL 24-214 that Receive State Financial Assistance
299		-	6-7.7-101. Legislative declaration. (1) T
300		-	HE GENERAL ASSEMBLY
301		-	FINDS THAT
302		-	:
303		-	(a) A
304		-	PPLIANCES CERTIFIED BY THE ENERGY STAR PROGRAM MEET
305		-	STRICT ENERGY EFFICIENCY AND PERFORMANCE GUIDELINES SET BY THE
306		-	FEDERAL ENVIRONMENTAL PROTECTION AGENCY AND THE
307		-	UNITED STATES
308		-	DEPARTMENT OF ENERGY AND CAN SAVE AN ESTIMATED TWENTY TO THIRTY
309		-	PERCENT MORE ENERGY THAN APPLIANCES THAT ARE NOT CERTIFIED BY THE
310		-	ENERGY STAR PROGRAM;
311		-	(b) N
312		-	EW BUILDING CONSTRUCTION PROJECTS THAT USE TAXPAYER
313		-	DOLLARS TO PURCHASE EQUIPMENT SHOULD ENSURE THAT THE EQUIPMENT
314		-	HAS LOWER LIFETIME COSTS TO OPERATE AND MAINTAIN
315		-	;
316		-	(c) M
317		-	ANY PROJECTS THAT RECEIVE STATE FINANCIAL ASSISTANCE
318		-	AIM TO ASSIST VULNERABLE LOWER
319		-	-INCOME HOUSEHOLDS, AND INSTALLING
320		-	APPLIANCES CERTIFIED BY THE
321		-	ENERGY STAR PROGRAM COULD LOWER THE
322		-	COSTS OF THE ENERGY BILLS OF THESE HOUSEHOLDS OVER TIME
323		-	; AND
324		-	(d) SAVING ENERGY IS CRUCIAL IN:
325		-	(I) A
326		-	VOIDING THE MOST SERIOUS EFFECTS OF CLIMATE CHANGE AND
327		-	PRESERVING
328		-	COLORADO'S WAY OF LIFE, THE HEALTH OF COMMUNITIES, AND
329		-	THE NATURAL ENVIRONMENT
330		-	;
331		-	(II) A
332		-	CHIEVING THE STATEWIDE GREENHOUSE GAS EMISSION
333		-	REDUCTION GOALS
334		-	; AND
335		-	(III) REDUCING COSTS FOR COLORADANS.
336		-	(2) T
337		-	HE GENERAL ASSEMBLY THEREFORE DETERMINES AND
338		-	DECLARES THAT IT IS IN THE PUBLIC INTEREST OF THE HEALTH AND
339		-	ENVIRONMENT OF THE STATE TO REQUIRE THAT NEW BUILDING
340		-	CONSTRUCTION PROJECTS THAT RECEIVE STATE FINANCIAL ASSISTANCE USE
341		-	COVERED ENERGY
342		-	-CONSUMING PRODUCTS THAT ARE CERTIFIED BY THE
343		-	ENERGY STAR PROGRAM.
344		-	6-7.7-102. Definitions. A
345		-	S USED IN THIS ARTICLE 7.7, UNLESS THE
346		-	PAGE 7-SENATE BILL 24-214 CONTEXT OTHERWISE REQUIRES :
347		-	(1) "C
348		-	OVERED ENERGY -CONSUMING PRODUCT " MEANS AN
349		-	APPLIANCE
350		-	, DEVICE, OR PIECE OF EQUIPMENT THAT IS:
351		-	(a) P
352		-	OWERED BY ELECTRICITY OR FUEL;
353		-	(b) D
354		-	ESIGNED TO PERFORM ONE OR MORE SPECIFIC TASKS INSIDE A
355		-	RESIDENTIAL OR COMMERCIAL BUILDING
356		-	, SUCH AS COOKING, WASHING,
357		-	DRYING, HEATING, COOLING, PROVIDING DOMESTIC HOT WATER , PRINTING,
358		-	OR DIGITAL ENTERTAINMENT; AND
359		-	(c) COVERED WITHIN THE SCOPE OF THE ENERGY STAR PROGRAM.
360		-	(2) "E
361		-	NERGY STAR PROGRAM" MEANS THE FEDERAL PROGRAM
362		-	AUTHORIZED BY
363		-	42 U.S.C. SEC. 6294a, AS AMENDED.
364		-	(3) "S
365		-	OCIAL COST OF CARBON" MEANS THE SOCIAL COST OF CARBON
366		-	DIOXIDE EMISSIONS DEVELOPED BY THE PUBLIC UTILITIES COMMISSION
367		-	PURSUANT TO SECTION
368		-	40-3.2-106.
369		-	(4) "S
370		-	TATE FINANCIAL ASSISTANCE" MEANS ALLOCATIONS FROM THE
371		-	GENERAL FUND OR OTHER LEGISLATIVE ALLOCATIONS
372		-	, STATE TAXPAYER
373		-	FUNDS
374		-	, REBATES, GRANTS, OR LOANS PROVIDED OR ADMINISTERED BY THE
375		-	STATE
376		-	.
377		-	6-7.7-103. Energy-efficiency standards for certain building
378		-	construction projects that receive state financial assistance - record
379		-	retention requirements - waivers - exemptions - standardized resources
380		-	- enforcement - civil penalties. (1) O
381		-	N AND AFTER JANUARY 1, 2025,
382		-	EXCEPT AS SET FORTH IN SUBSECTION (3) OR (4) OF THIS SECTION, RECIPIENTS
383		-	OF STATE FINANCIAL ASSISTANCE FOR NEW BUILDING CONSTRUCTION
384		-	PROJECTS THAT INCLUDE THE SPECIFICATION
385		-	, PROVISION, OR PURCHASE OF
386		-	COVERED ENERGY
387		-	-CONSUMING PRODUCTS SHALL USE COVERED
388		-	ENERGY
389		-	-CONSUMING PRODUCTS CERTIFIED BY THE ENERGY STAR PROGRAM.
390		-	(2) O
391		-	N AND AFTER JANUARY 1, 2025, A STATE AGENCY THAT
392		-	PROVIDES OR ADMINISTERS STATE FINANCIAL ASSISTANCE FOR A NEW
393		-	BUILDING CONSTRUCTION PROJECT SHALL
394		-	:
395		-	PAGE 8-SENATE BILL 24-214 (a) INCLUDE THE REQUIREMENTS OF SUBSECTION (1) OF THIS SECTION
396		-	IN THE STATE AGENCY
397		-	'S CRITERIA OR GUIDANCE FOR APPLYING FOR OR
398		-	RECEIVING STATE FINANCIAL ASSISTANCE FOR NEW BUILDING CONSTRUCTION
399		-	PROJECTS
400		-	;
401		-	(b) R
402		-	EQUEST AN ATTESTATION SIGNED BY A RECIPIENT OF STATE
403		-	FINANCIAL ASSISTANCE FOR NEW BUILDING CONSTRUCTION PROJECTS THAT
404		-	DECLARES THAT
405		-	:
406		-	(I) T
407		-	HE REQUIREMENTS OF SUBSECTION (1) OF THIS SECTION HAVE
408		-	BEEN OR WILL BE FOLLOWED
409		-	; OR
410		-	(II) THE RECIPIENT OF THE STATE FINANCIAL ASSISTANCE IS
411		-	REQUESTING A WAIVER PURSUANT TO SUBSECTION
412		-	(3) OF THIS SECTION; AND
413		-	(c) RESPOND TO WAIVER REQUESTS RECEIVED PURSUANT TO
414		-	SUBSECTION
415		-	(3) OF THIS SECTION.
416		-	(3) A
417		-	STATE AGENCY THAT PROVIDES OR ADMINISTERS STATE
418		-	FINANCIAL ASSISTANCE FOR NEW BUILDING CONSTRUCTION PROJECTS MAY
419		-	ISSUE A STANDARDIZED WAIVER FROM THE REQUIREMENTS OF SUBSECTION
420		-	(1) OF THIS SECTION FOR A NEW BUILDING CONSTRUCTION PROJECT IF THE
421		-	RECIPIENT DEMONSTRATES
422		-	, THROUGH EVIDENCE AND ATTESTATION FROM A
423		-	LICENSED PROFESSIONAL ENGINEER OR DESIGN PROFESSIONAL
424		-	, THAT:
425		-	(a) N
426		-	O COVERED ENERGY-CONSUMING PRODUCT CERTIFIED BY THE
427		-	ENERGY STAR PROGRAM AND THAT MEETS THE FUNCTI ONAL REQUIREMENTS
428		-	OF THE PROJECT IS REASONABLY AVAILABLE TO THE APPLICANT
429		-	; OR
430		-	(b) TAKING ENERGY COST SAVINGS AND THE SOCIAL COST OF
431		-	CARBON INTO ACCOUNT
432		-	, NO COVERED ENERGY -CONSUMING PRODUCT
433		-	CERTIFIED BY THE
434		-	ENERGY STAR PROGRAM IS COST-EFFECTIVE OVER THE
435		-	LIFE OF THE PRODUCT
436		-	.
437		-	(4) T
438		-	HE FOLLOWING NEW BUILDING CONSTRUCTION PROJECTS ARE
439		-	EXEMPT FROM THE REQUIREMENTS OF THIS SECTION
440		-	:
441		-	(a) P
442		-	ROJECTS THAT HAVE PASSED THE DESIGN PHASE BEFORE
443		-	JANUARY 1, 2025, AND WOULD REQUIRE SIGNIFICANT REDESIGN TO INCLUDE
444		-	A COVERED ENERGY
445		-	-CONSUMING PRODUCT CERTIFIED BY THE ENERGY STAR
446		-	PAGE 9-SENATE BILL 24-214 PROGRAM; AND
447		-	(b) PROJECTS THAT HAVE RECEIVED A PERMIT FROM A LOCAL
448		-	GOVERNMENT FOR THE USE OF A COVERED ENERGY
449		-	-CONSUMING PRODUCT
450		-	BEFORE
451		-	JANUARY 1, 2025.
452		-	(5) I
453		-	F THE ATTORNEY GENERAL , BY A PREPONDERANCE OF THE
454		-	EVIDENCE
455		-	, BELIEVES THAT A PERSON HAS VIOLATED OR CAUSED ANOTHER
456		-	PERSON TO VIOLATE SUBSECTION
457		-	(1) OF THIS SECTION, THE ATTORNEY
458		-	GENERAL MAY BRING A CIVIL ACTION ON BEHALF OF THE STATE TO SEEK THE
459		-	ASSESSMENT OF A CIVIL PENALTY OF UP TO THE TOTAL AMOUNT OF STATE
460		-	FINANCIAL ASSISTANCE RECEIVED BY THE VIOLATOR ON OR AFTER
461		-	JANUARY
462		-	1, 2025, WHICH AMOUNT MUST BE TRANSMI TTED TO THE STATE TREASURER ,
463		-	WHO SHALL CREDIT THE AMOUNT TO THE ENERGY FUND CREATED IN SECTION
464		-	24-38.5-102.4 (1)(a)(I).
465		-	SECTION 4. In Colorado Revised Statutes, 6-7.5-105, amend
466		-	(5)(j) as follows:
467		-	6-7.5-105. Standards - effective dates - repeal. (5) On and after
468		-	January 1, 2026, a person shall not sell, offer to sell, lease, or offer to lease
469		-	any of the following new products in Colorado unless the efficiency of the
470		-	new product meets or exceeds the following efficiency standards, as
471		-	applicable:
472		-	(j) (I) E
473		-	XCEPT AS OTHERWISE PROVIDED IN SUBSECTION (5)(j)(II) OF
474		-	THIS SECTION
475		-	, residential windows, residential doors, and residential
476		-	skylights included in the scope of the Energy Star program product
477		-	specification for residential windows, doors, and skylights must satisfy the
478		-	northern climate zone qualification criteria of that specification; except that
479		-	residential windows and doors that are custom designed for a historically
480		-	designated building and required in order to maintain the historic nature or
481		-	character of such a building are not required to satisfy such criteria.
482		-	(II) T
483		-	HE EXECUTIVE DIRECTOR MAY CONSULT WITH THE COLORADO
484		-	ENERGY OFFICE TO EVALUATE THE STANDARD SET FORTH IN SUBSECTION
485		-	(5)(j)(I) OF THIS SECTION FOR RESIDENTIAL WINDOWS, RESIDENTIAL DOORS,
486		-	AND RESIDENTIAL SKYLIGHTS. IF THE EXECUTIVE DIRECTOR DETERMINES
487		-	THAT THE STANDARD CANNOT REASONABLY BE MET BY M ANUFACTURERS OF
488		-	RESIDENTIAL WINDOWS
489		-	, RESIDENTIAL DOORS, AND RESIDENTIAL SKYLIGHTS,
490		-	PAGE 10-SENATE BILL 24-214 THEN THE EXECUTIVE DIRECTOR SHALL SET AN ALTERNATIVE STANDARD
491		-	WHICH MAY BE APPLIED INSTEAD OF THE STANDARD SET FORTH IN
492		-	SUBSECTION
493		-	(5)(j)(I) OF THIS SECTION AND THE EXECUTIVE DIRECTOR SHALL
494		-	DISPLAY THE ALTERNATIVE STANDARD ON THE PUBLIC WEBSITE OF THE
495		-	COLORADO DEPARTMENT OF PUBLIC HEALTH AND ENVIRONMENT NO LATER
496		-	THAN
497		-	JUNE 1, 2025. WHEN DECIDING WHETHER THE STANDARD SET FORTH
498		-	IN SUBSECTION
499		-	(5)(j)(I) OF THIS SECTION CAN REASONABLY BE MET , THE
500		-	EXECUTIVE DIRECTOR SHALL TAKE INTO ACCOUNT THE FOLLOWING FACTORS
501		-	:
502		-	(A) I
503		-	MPACTS ON NET CONSUMER COSTS ; AND
504		-	(B) SUPPLY CHAIN CONSTRAINTS.
505		-	SECTION 5. In Colorado Revised Statutes, 24-38.5-116, amend
506		-	(6)(b)(II) as follows:
507		-	24-38.5-116. Industrial and manufacturing operations clean air
508		-	grant program - creation - eligibility - fund created - gifts, grants, or
509		-	donations - transfer - legislative declaration - definitions - reporting -
510		-	repeal. (6) (b) (II) For state fiscal years 2023-24 and 2024-25, the office
511		-	and, subject to annual appropriation, the department of revenue may expend
512		-	money from the fund for the administration and implementation of the
513		-	industrial clean energy tax credit created in section 39-22-551 and the tax
514		-	credit for sustainable aviation fuel production facility created in section
515		-	39-22-556. The office shall keep an accounting of all money expended from
516		-	the fund pursuant to this subsection (6)(b)(II) for purposes of calculating the
517		-	repayment of the administrative costs required by section 39-29-108
518		-	(2)(e)(II) SECTION 24-38.5-120 (3).
519		-	SECTION 6. In Colorado Revised Statutes, 24-38.5-118, amend
520		-	(3)(b), (4)(a) introductory portion, (4)(b)(I), (7)(d), and (8)(b); repeal
521		-	(4)(a)(I); and add (8)(d) as follows:
522		-	24-38.5-118. Geothermal energy grant program - creation -
523		-	procedures - fund - report - definitions - legislative declaration - repeal.
524		-	(3) Creation of grant program. There is hereby created within the office
525		-	the geothermal energy grant program to provide grants to building owners,
526		-	developers, local governments, geothermal installers, contractors,
527		-	communities, gas or electric service public utilities, or other entities
528		-	approved by the office for:
529		-	PAGE 11-SENATE BILL 24-214 (b) The installation of geothermal equipment for use as the primary
530		-	heating or HEATING-ONLY OR COMBINED HEATING AND cooling systems in
531		-	new construction or to retrofit existing buildings; or
532		-	(4) Grants - limitations - qualifications. The grant program
533		-	consists of three types of grants:
534		-	(a) The single-structure geothermal grant, which is awarded to
535		-	applicants that are constructing a new building or retrofitting an existing
536		-	building, including a single-family or multifamily residence, and installing
537		-	a geothermal system for use as the primary
538		-	HEATING-ONLY OR COMBINED
539		-	heating and cooling system for the building. A single-structure geothermal
540		-	grant is subject to the following limitations and qualifications:
	368	+	HE OFFICE13
	369	+	OF SUSTAINABILITY IS CREATED IN SECTION 24-30-2303. THE OFFICE IS A14
	370	+	TYPE 2 ENTITY, AS DEFINED IN SECTION 24-1-105, AND EXERCISES ITS15
	371	+	POWERS AND PERFORMS ITS DUTIES AND FUNCTIONS UNDER THE16
	372	+	DEPARTMENT OF PERSONNEL .17
	373	+	SECTION 3. In Colorado Revised Statutes, add article 7.7 to title18
	374	+	6 as follows:19
	375	+	ARTICLE 7.720
	376	+	Standards for Construction Projects21
	377	+	that Receive State Financial Assistance22
	378	+	6-7.7-101. Legislative declaration. (1) THE GENERAL ASSEMBLY23
	379	+	FINDS THAT:24
	380	+	(a) APPLIANCES CERTIFIED BY THE ENERGY STAR PROGRAM MEET25
	381	+	STRICT ENERGY EFFICIENCY AND PERFORMANCE GUIDELINES SET BY THE26
	382	+	FEDERAL ENVIRONMENTAL PROTECTION AGENCY AND THE UNITED STATES27
	383	+	214
	384	+	-10- DEPARTMENT OF ENERGY AND CAN SAVE AN ESTIMATED TWENTY TO1
	385	+	THIRTY PERCENT MORE ENERGY THAN APPLIANCES THAT ARE NOT2
	386	+	CERTIFIED BY THE ENERGY STAR PROGRAM;3
	387	+	(b) NEW BUILDING CONSTRUCTION PROJECTS THAT USE TAXPAYER4
	388	+	DOLLARS TO PURCHASE EQUIPMENT SHOULD ENSURE THAT THE EQUIPMENT5
	389	+	HAS LOWER LIFETIME COSTS TO OPERATE AND MAINTAIN ;6
	390	+	(c) MANY PROJECTS THAT RECEIVE STATE FINANCIAL ASSISTANCE7
	391	+	AIM TO ASSIST VULNERABLE LOWER -INCOME HOUSEHOLDS, AND8
	392	+	INSTALLING APPLIANCES CERTIFIED BY THE ENERGY STAR PROGRAM9
	393	+	COULD LOWER THE COSTS OF THE ENERGY BILLS OF THESE HOUSEHOLDS10
	394	+	OVER TIME; AND11
	395	+	(d) SAVING ENERGY IS CRUCIAL IN:12
	396	+	(I) AVOIDING THE MOST SERIOUS EFFECTS OF CLIMATE CHANGE13
	397	+	AND PRESERVING COLORADO'S WAY OF LIFE, THE HEALTH OF14
	398	+	COMMUNITIES, AND THE NATURAL ENVIRONMENT ;15
	399	+	(II) ACHIEVING THE STATEWIDE GREENHOUSE GAS EMISSION16
	400	+	REDUCTION GOALS; AND17
	401	+	(III) REDUCING COSTS FOR COLORADANS.18
	402	+	(2) THE GENERAL ASSEMBLY THEREFORE DETERMINES AND19
	403	+	DECLARES THAT IT IS IN THE PUBLIC INTEREST OF THE HEALTH AND20
	404	+	ENVIRONMENT OF THE STATE TO REQUIRE THAT NEW BUILDING21
	405	+	CONSTRUCTION PROJECTS THAT RECEIVE STATE FINANCIAL ASSISTANCE22
	406	+	USE COVERED ENERGY-CONSUMING PRODUCTS THAT ARE CERTIFIED BY23
	407	+	THE ENERGY STAR PROGRAM.24
	408	+	6-7.7-102. Definitions. AS USED IN THIS ARTICLE 7.7, UNLESS THE25
	409	+	CONTEXT OTHERWISE REQUIRES :26
	410	+	(1) "COVERED ENERGY-CONSUMING PRODUCT" MEANS AN27
	411	+	214
	412	+	-11- APPLIANCE, DEVICE, OR PIECE OF EQUIPMENT THAT IS:1
	413	+	(a) POWERED BY ELECTRICITY OR FUEL;2
	414	+	(b) DESIGNED TO PERFORM ONE OR MORE SPECIFIC TASKS INSIDE3
	415	+	A RESIDENTIAL OR COMMERCIAL BUILDING, SUCH AS COOKING, WASHING,4
	416	+	DRYING, HEATING, COOLING, PROVIDING DOMESTIC HOT WATER, PRINTING,5
	417	+	OR DIGITAL ENTERTAINMENT; AND6
	418	+	(c) COVERED WITHIN THE SCOPE OF THE ENERGY STAR PROGRAM.7
	419	+	(2) "ENERGY STAR PROGRAM" MEANS THE FEDERAL PROGRAM8
	420	+	AUTHORIZED BY 42 U.S.C. SEC. 6294a, AS AMENDED.9
	421	+	(3) "SOCIAL COST OF CARBON" MEANS THE SOCIAL COST OF10
	422	+	CARBON DIOXIDE EMISSIONS DEVELOPED BY THE PUBLIC UTILITIES11
	423	+	COMMISSION PURSUANT TO SECTION 40-3.2-106.12
	424	+	(4) "STATE FINANCIAL ASSISTANCE" MEANS ALLOCATIONS FROM13
	425	+	THE GENERAL FUND OR OTHER LEGISLATIVE ALLOCATIONS , STATE14
	426	+	TAXPAYER FUNDS, REBATES, GRANTS, OR LOANS PROVIDED OR15
	427	+	ADMINISTERED BY THE STATE.16
	428	+	6-7.7-103. Energy-efficiency standards for certain building17
	429	+	construction projects that receive state financial assistance - record18
	430	+	retention requirements - waivers - exemptions - standardized19
	431	+	resources - enforcement - civil penalties. (1) ON AND AFTER JANUARY20
	432	+	1, 2025, EXCEPT AS SET FORTH IN SUBSECTION (3) OR (4) OF THIS SECTION,21
	433	+	RECIPIENTS OF STATE FINANCIAL ASSISTANCE FOR NEW BUILDING22
	434	+	CONSTRUCTION PROJECTS THAT INCLUDE THE SPECIFICATION, PROVISION,23
	435	+	OR PURCHASE OF COVERED ENERGY-CONSUMING PRODUCTS SHALL USE24
	436	+	COVERED ENERGY-CONSUMING PRODUCTS CERTIFIED BY THE ENERGY25
	437	+	STAR PROGRAM.26
	438	+	(2) ON AND AFTER JANUARY 1, 2025, A STATE AGENCY THAT27
	439	+	214
	440	+	-12- PROVIDES OR ADMINISTERS STATE FINANCIAL ASSISTANCE FOR A NEW1
	441	+	BUILDING CONSTRUCTION PROJECT SHALL :2
	442	+	(a) INCLUDE THE REQUIREMENTS OF SUBSECTION (1) OF THIS3
	443	+	SECTION IN THE STATE AGENCY'S CRITERIA OR GUIDANCE FOR APPLYING4
	444	+	FOR OR RECEIVING STATE FINANCIAL ASSISTANCE FOR NEW BUILDING5
	445	+	CONSTRUCTION PROJECTS;6
	446	+	(b) REQUEST AN ATTESTATION SIGNED BY A RECIPIENT OF STATE7
	447	+	FINANCIAL ASSISTANCE FOR NEW BUILDING CONSTRUCTION PROJECTS8
	448	+	THAT DECLARES THAT:9
	449	+	(I) THE REQUIREMENTS OF SUBSECTION (1) OF THIS SECTION HAVE10
	450	+	BEEN OR WILL BE FOLLOWED; OR11
	451	+	(II) THE RECIPIENT OF THE STATE FINANCIAL ASSISTANCE IS12
	452	+	REQUESTING A WAIVER PURSUANT TO SUBSECTION (3) OF THIS SECTION;13
	453	+	AND14
	454	+	(c) RESPOND TO WAIVER REQUESTS RECEIVED PURSUANT TO15
	455	+	SUBSECTION (3) OF THIS SECTION.16
	456	+	(3) A STATE AGENCY THAT PROVIDES OR ADMINISTERS STATE17
	457	+	FINANCIAL ASSISTANCE FOR NEW BUILDING CONSTRUCTION PROJECTS MAY18
	458	+	ISSUE A STANDARDIZED WAIVER FROM THE REQUIREMENTS OF SUBSECTION19
	459	+	(1) OF THIS SECTION FOR A NEW BUILDING CONSTRUCTION PROJECT IF THE20
	460	+	RECIPIENT DEMONSTRATES, THROUGH EVIDENCE AND ATTESTATION FROM21
	461	+	A LICENSED PROFESSIONAL ENGINEER OR DESIGN PROFESSIONAL , THAT:22
	462	+	(a) NO COVERED ENERGY-CONSUMING PRODUCT CERTIFIED BY THE23
	463	+	ENERGY STAR PROGRAM AND THAT MEETS THE FUNCTIONAL24
	464	+	REQUIREMENTS OF THE PROJECT IS REASONABLY AVAILABLE TO THE25
	465	+	APPLICANT; OR26
	466	+	(b) TAKING ENERGY COST SAVINGS AND THE SOCIAL COST OF27
	467	+	214
	468	+	-13- CARBON INTO ACCOUNT, NO COVERED ENERGY-CONSUMING PRODUCT1
	469	+	CERTIFIED BY THE ENERGY STAR PROGRAM IS COST-EFFECTIVE OVER THE2
	470	+	LIFE OF THE PRODUCT.3
	471	+	(4) THE FOLLOWING NEW BUILDING CONSTRUCTION PROJECTS ARE4
	472	+	EXEMPT FROM THE REQUIREMENTS OF THIS SECTION :5
	473	+	(a) PROJECTS THAT HAVE PASSED THE DESIGN PHASE BEFORE6
	474	+	JANUARY 1, 2025, AND WOULD REQUIRE SIGNIFICANT REDESIGN TO7
	475	+	INCLUDE A COVERED ENERGY-CONSUMING PRODUCT CERTIFIED BY THE8
	476	+	ENERGY STAR PROGRAM; AND9
	477	+	(b) PROJECTS THAT HAVE RECEIVED A PERMIT FROM A LOCAL10
	478	+	GOVERNMENT FOR THE USE OF A COVERED ENERGY-CONSUMING PRODUCT11
	479	+	BEFORE JANUARY 1, 2025.12
	480	+	(5) IF THE ATTORNEY GENERAL , BY A PREPONDERANCE OF THE13
	481	+	EVIDENCE, BELIEVES THAT A PERSON HAS VIOLATED OR CAUSED ANOTHER14
	482	+	PERSON TO VIOLATE SUBSECTION (1) OF THIS SECTION, THE ATTORNEY15
	483	+	GENERAL MAY BRING A CIVIL ACTION ON BEHALF OF THE STATE TO SEEK16
	484	+	THE ASSESSMENT OF A CIVIL PENALTY OF UP TO THE TOTAL AMOUNT OF17
	485	+	STATE FINANCIAL ASSISTANCE RECEIVED BY THE VIOLATOR ON OR AFTER18
	486	+	JANUARY 1, 2025, WHICH AMOUNT MUST BE TRANSMITTED TO THE STATE19
	487	+	TREASURER, WHO SHALL CREDIT THE AMOUNT TO THE ENERGY FUND20
	488	+	CREATED IN SECTION 24-38.5-102.4 (1)(a)(I).21
	489	+	SECTION 4. In Colorado Revised Statutes, 6-7.5-105, amend22
	490	+	(5)(j) as follows:23
	491	+	6-7.5-105. Standards - effective dates - repeal. (5) On and after24
	492	+	January 1, 2026, a person shall not sell, offer to sell, lease, or offer to25
	493	+	lease any of the following new products in Colorado unless the efficiency26
	494	+	of the new product meets or exceeds the following efficiency standards,27
	495	+	214
	496	+	-14- as applicable:1
	497	+	(j) (I) EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (5)(j)(II)2
	498	+	OF THIS SECTION, residential windows, residential doors, and residential3
	499	+	skylights included in the scope of the Energy Star program product4
	500	+	specification for residential windows, doors, and skylights must satisfy5
	501	+	the northern climate zone qualification criteria of that specification;6
	502	+	except that residential windows and doors that are custom designed for7
	503	+	a historically designated building and required in order to maintain the8
	504	+	historic nature or character of such a building are not required to satisfy9
	505	+	such criteria.10
	506	+	(II) THE EXECUTIVE DIRECTOR MAY CONSULT WITH THE11
	507	+	COLORADO ENERGY OFFICE TO EVALUATE THE STANDARD SET FORTH IN12
	508	+	SUBSECTION (5)(j)(I) OF THIS SECTION FOR RESIDENTIAL WINDOWS,13
	509	+	RESIDENTIAL DOORS, AND RESIDENTIAL SKYLIGHTS. IF THE EXECUTIVE14
	510	+	DIRECTOR DETERMINES THAT THE STANDARD CANNOT REASONABLY BE15
	511	+	MET BY MANUFACTURERS OF RESIDENTIAL WINDOWS , RESIDENTIAL DOORS,16
	512	+	AND RESIDENTIAL SKYLIGHTS. THEN THE EXECUTIVE DIRECTOR SHALL SET17
	513	+	AN ALTERNATIVE STANDARD WHICH MAY BE APPLIED INSTEAD OF THE18
	514	+	STANDARD SET FORTH IN SUBSECTION (5)(j)(I) OF THIS SECTION AND THE19
	515	+	EXECUTIVE DIRECTOR SHALL DISPLAY THE ALTERNATIVE STANDARD ON20
	516	+	THE PUBLIC WEBSITE OF THE COLORADO DEPARTMENT OF PUBLIC HEALTH21
	517	+	AND ENVIRONMENT NO LATER THAN JUNE 1, 2025. WHEN DECIDING22
	518	+	WHETHER THE STANDARD SET FORTH IN SUBSECTION (5)(j)(I) OF THIS23
	519	+	SECTION CAN REASONABLY BE MET, THE EXECUTIVE DIRECTOR SHALL24
	520	+	TAKE INTO ACCOUNT THE FOLLOWING FACTORS :25
	521	+	(A) IMPACTS ON NET CONSUMER COSTS ; AND26
	522	+	(B) SUPPLY CHAIN CONSTRAINTS.27
	523	+	214
	524	+	-15- SECTION 5. In Colorado Revised Statutes, 24-38.5-116, amend1
	525	+	(6)(b)(II) as follows:2
	526	+	24-38.5-116. Industrial and manufacturing operations clean3
	527	+	air grant program - creation - eligibility - fund created - gifts, grants,4
	528	+	or donations - transfer - legislative declaration - definitions -5
	529	+	reporting - repeal. (6) (b) (II) For state fiscal years 2023-24 and6
	530	+	2024-25, the office and, subject to annual appropriation, the department7
	531	+	of revenue may expend money from the fund for the administration and8
	532	+	implementation of the industrial clean energy tax credit created in section9
	533	+	39-22-551 and the tax credit for sustainable aviation fuel production10
	534	+	facility created in section 39-22-556. The office shall keep an accounting11
	535	+	of all money expended from the fund pursuant to this subsection (6)(b)(II)12
	536	+	for purposes of calculating the repayment of the administrative costs13
	537	+	required by section 39-29-108 (2)(e)(II) SECTION 24-38.5-120 (3).14
	538	+	SECTION 6. In Colorado Revised Statutes, 24-38.5-118, amend15
	539	+	(3)(b), (4)(a) introductory portion, (4)(b)(I), (7)(d), and (8)(b); repeal16
	540	+	(4)(a)(I); and add (8)(d) as follows:17
	541	+	24-38.5-118. Geothermal energy grant program - creation -18
	542	+	procedures - fund - report - definitions - legislative declaration -19
	543	+	repeal. (3) Creation of grant program. There is hereby created within20
	544	+	the office the geothermal energy grant program to provide grants to21
	545	+	building owners, developers, local governments, geothermal installers,22
	546	+	contractors, communities, gas or electric service public utilities, or other23
	547	+	entities approved by the office for:24
	548	+	(b) The installation of geothermal equipment for use as the25
	549	+	primary heating or HEATING-ONLY OR COMBINED HEATING AND cooling26
	550	+	systems in new construction or to retrofit existing buildings; or27
	551	+	214
	552	+	-16- (4) Grants - limitations - qualifications. The grant program1
	553	+	consists of three types of grants:2
	554	+	(a) The single-structure geothermal grant, which is awarded to3
	555	+	applicants that are constructing a new building or retrofitting an existing4
	556	+	building, including a single-family or multifamily residence, and5
	557	+	installing a geothermal system for use as the primary
	558	+	HEATING-ONLY OR6
	559	+	COMBINED heating and cooling system for the building. A single-structure7
	560	+	geothermal grant is subject to the following limitations and qualifications:8
541	561		(I) A developer or geothermal installer is eligible for grants for the
542		-	construction or retrofitting of no more than one hundred residential
543		-	buildings;
544		-	(b) The community district heating grant, which is awarded to
545		-	support ground-source, water-source, or multisource thermal systems that
546		-	serve more than a single building. Applicants may apply for grants for a
547		-	scoping study, a detailed design study, projects, or a combination of these
548		-	options. Teams consisting of building owners, geothermal installers, public
549		-	utilities, political subdivisions of Colorado, consultants, developers, or other
550		-	entities approved by the office are eligible to submit a proposal for a
551		-	scoping study or a detailed design study. To qualify for a grant for the
552		-	project, an applicant must successfully complete a study and show proof of
553		-	a viable project. A community district heating grant is subject to the
554		-	following limitations and qualifications:
555		-	(I) Up to one hundred thousand dollars per project to conduct a
556		-	scoping study to determine if a community thermal system would help
557		-	lower greenhouse gas emissions and provide a reasonable-cost approach to
558		-	PRIMARY HEATING-ONLY OR COMBINED heating and cooling a group of
559		-	buildings;
560		-	(7) Fund. (d) For state fiscal years 2023-24 and 2024-25, the office
561		-	and, subject to annual appropriation, the department of revenue may expend
562		-	money in the fund for the administration and implementation of the tax
563		-	credit for expenditures made in connection with a geothermal energy project
564		-	PAGE 12-SENATE BILL 24-214 created in section 39-22-552, the geothermal electricity generation
565		-	production tax credit created in section 39-22-553, and the heat pump
566		-	technology and thermal energy network tax credit created in section
567		-	39-22-554. The office shall keep an accounting of all money expended from
568		-	the fund pursuant to this subsection (7)(d) for purposes of calculating the
569		-	repayment of the administrative costs required by section 39-29-108
570		-	(2)(e)(II) SECTION 24-38.5-120 (3).
571		-	(8) (b) The office shall award grants from the fund in accordance
572		-	with the following parameters: THE OFFICE SHALL AWARD AT LEAST
573		-	TWENTY
574		-	-FIVE PERCENT OF THE GRANT MONEY AWARDED FOR
575		-	SINGLE
576		-	-STRUCTURE GEOTHERMAL GRANTS TO ELIGIBLE ENTITIES FROM OR
577		-	PROJECTS IN LOW
578		-	-INCOME, DISPROPORTIONATELY IMPACTED , OR JUST
579		-	TRANSITION COMMUNITIES
580		-	.
581		-	(I) Up to forty percent of the total money in the fund may be
582		-	awarded through grants to support the development of geothermal
583		-	electricity generation and resource development, which may include
584		-	hydrogen generation produced from geothermal energy;
585		-	(II) Up to eighty percent of the total money in the fund may be
586		-	awarded as single-structure geothermal grants, and one-fourth of the grant
587		-	money awarded under this subsection (8)(b)(II) must be awarded to eligible
588		-	entities from or projects in low-income, disproportionately impacted, or just
589		-	transition communities, as those communities are defined by the office; and
590		-	(III) Up to twenty-five percent of the total money in the fund may
591		-	be awarded as community district heating grants, which may include:
592		-	(A) Single-owner campuses;
593		-	(B) Medical campuses;
594		-	(C) Residential campuses;
595		-	(D) Multi-owner nodes; and
596		-	(E) Public or private college or university campuses.
597		-	(d) THE OFFICE MAY USE GRANT PROGRAM MONEY TO SUPPORT
598		-	EDUCATION
599		-	, OUTREACH, AND ENGAGEMENT WITH THE GENERAL PUBLIC AND
600		-	PAGE 13-SENATE BILL 24-214 RELEVANT STAKEHOLDERS TO FACILITATE THE GROWTH OF THE
601		-	GEOTHERMAL SECTOR IN
602		-	COLORADO.
603		-	SECTION 7. In Colorado Revised Statutes, 24-38.5-120, amend
604		-	(3) and (4) as follows:
605		-	24-38.5-120. Decarbonization tax credits administration cash
606		-	fund - definitions - repeal. (3) (a) Subject to annual appropriation by the
607		-	general assembly, for state fiscal years 2023-24 through 2034-35, the office
608		-	and the department may expend money from the fund for direct and indirect
609		-	costs associated with the implementation and administration of the
610		-	decarbonization tax credits.
	562	+	9
	563	+	construction or retrofitting of no more than one hundred residential10
	564	+	buildings;11
	565	+	(b) The community district heating grant, which is awarded to12
	566	+	support ground-source, water-source, or multisource thermal systems that13
	567	+	serve more than a single building. Applicants may apply for grants for a14
	568	+	scoping study, a detailed design study, projects, or a combination of these15
	569	+	options. Teams consisting of building owners, geothermal installers,16
	570	+	public utilities, political subdivisions of Colorado, consultants,17
	571	+	developers, or other entities approved by the office are eligible to submit18
	572	+	a proposal for a scoping study or a detailed design study. To qualify for19
	573	+	a grant for the project, an applicant must successfully complete a study20
	574	+	and show proof of a viable project. A community district heating grant is21
	575	+	subject to the following limitations and qualifications:22
	576	+	(I) Up to one hundred thousand dollars per project to conduct a23
	577	+	scoping study to determine if a community thermal system would help24
	578	+	lower greenhouse gas emissions and provide a reasonable-cost approach25
	579	+	to
	580	+	PRIMARY HEATING-ONLY OR COMBINED heating and cooling a group of26
	581	+	buildings;27
	582	+	214
	583	+	-17- (7) Fund. (d) For state fiscal years 2023-24 and 2024-25, the1
	584	+	office and, subject to annual appropriation, the department of revenue2
	585	+	may expend money in the fund for the administration and implementation3
	586	+	of the tax credit for expenditures made in connection with a geothermal4
	587	+	energy project created in section 39-22-552, the geothermal electricity5
	588	+	generation production tax credit created in section 39-22-553, and the6
	589	+	heat pump technology and thermal energy network tax credit created in7
	590	+	section 39-22-554. The office shall keep an accounting of all money8
	591	+	expended from the fund pursuant to this subsection (7)(d) for purposes of9
	592	+	calculating the repayment of the administrative costs required by section10
	593	+	39-29-108 (2)(e)(II) SECTION 24-38.5-120 (3).11
	594	+	(8) (b) The office shall award grants from the fund in accordance12
	595	+	with the following parameters: THE OFFICE SHALL AWARD AT LEAST13
	596	+	TWENTY-FIVE PERCENT OF THE GRANT MONEY AWARDED FOR14
	597	+	SINGLE-STRUCTURE GEOTHERMAL GRANTS TO ELIGIBLE ENTITIES FROM OR15
	598	+	PROJECTS IN LOW-INCOME, DISPROPORTIONATELY IMPACTED , OR JUST16
	599	+	TRANSITION COMMUNITIES. 17
	600	+	(I) Up to forty percent of the total money in the fund may be18
	601	+	awarded through grants to support the development of geothermal19
	602	+	electricity generation and resource development, which may include20
	603	+	hydrogen generation produced from geothermal energy;21
	604	+	(II) Up to eighty percent of the total money in the fund may be22
	605	+	awarded as single-structure geothermal grants, and one-fourth of the grant23
	606	+	money awarded under this subsection (8)(b)(II) must be awarded to24
	607	+	eligible entities from or projects in low-income, disproportionately25
	608	+	impacted, or just transition communities, as those communities are26
	609	+	defined by the office; and27
	610	+	214
	611	+	-18- (III) Up to twenty-five percent of the total money in the fund may1
	612	+	be awarded as community district heating grants, which may include:2
	613	+	(A) Single-owner campuses;3
	614	+	(B) Medical campuses;4
	615	+	(C) Residential campuses;5
	616	+	(D) Multi-owner nodes; and6
	617	+	(E) Public or private college or university campuses.7
	618	+	(d) T
	619	+	HE OFFICE MAY USE GRANT PROGRAM MONEY TO SUPPORT8
	620	+	EDUCATION, OUTREACH, AND ENGAGEMENT WITH THE GENERAL PUBLIC9
	621	+	AND RELEVANT STAKEHOLDERS TO FACILITATE THE GROWTH OF THE10
	622	+	GEOTHERMAL SECTOR IN COLORADO.11
	623	+	SECTION
	624	+	7. In Colorado Revised Statutes, 24-38.5-120, amend12
	625	+	(3) and (4) as follows:13
	626	+	24-38.5-120. Decarbonization tax credits administration cash14
	627	+	fund - definitions - repeal. (3) (a) Subject to annual appropriation by the15
	628	+	general assembly, for state fiscal years 2023-24 through 2034-35, the16
	629	+	office and the department may expend money from the fund for direct and17
	630	+	indirect costs associated with the implementation and administration of18
	631	+	the decarbonization tax credits.19
611	632		(b) (I) M
612	633		ONEY IN THE FUND MAY ALSO BE USED TO REPAY
613		-	ADMINISTRATIVE COSTS TO THE RESPECTIVE CASH FUNDS
614		-	. THE STATE
615		-	TREASURER SHALL TRANSFER MONEY FROM THE FUND IN THE AMOUNT
616		-	ATTRIBUTABLE TO ADMINISTRATIVE COSTS TO THE RESPECTIVE CASH FUNDS
617		-	SO THAT ALL ADMINISTRATIVE COSTS ARE REPAID TO THE RESPECTIVE CASH
618		-	FUNDS ON OR BEFORE
619		-	JUNE 29, 2024.
	634	+	20
	635	+	ADMINISTRATIVE COSTS TO THE RESPECTIVE CASH FUNDS . THE STATE21
	636	+	TREASURER SHALL TRANSFER MONEY FROM THE FUND IN THE AMOUNT22
	637	+	ATTRIBUTABLE TO ADMINISTRATIVE COSTS TO THE RESPECTIVE CASH23
	638	+	FUNDS SO THAT ALL ADMINISTRATIVE COSTS ARE REPAID TO THE24
	639	+	RESPECTIVE CASH FUNDS ON OR BEFORE JUNE 29, 2024.25
620	640		(II) A
621	641		S USED IN THIS SUBSECTION (3)(b), UNLESS THE CONTEXT
622		-	OTHERWISE REQUIRES
623		-	:
624		-	(A) "A
625		-	DMINISTRATIVE COSTS" MEANS THE AMOUNT OF MONEY
626		-	EXPENDED FROM THE RESPECTIVE CASH FUNDS BY THE OFFICE AND THE
627		-	DEPARTMENT FOR THE ADMINISTRATION AND IMPLEMENTATION OF CERTAIN
628		-	INCOME TAX CREDITS
629		-	, AS PROVIDED FOR IN SECTIONS 24-38.5-116 (6)(b)(II),
630		-	24-38.5-118 (7)(d), 24-38.5-506 (2)(b),
631		-	AND OF THE TEMPORARY SPECIFIC
632		-	OWNERSHIP TAX RATE REDUCTION FOR ELECTRIC MEDIUM
633		-	-DUTY AND
634		-	HEAVY
635		-	-DUTY TRUCKS THAT ARE PART OF A FLEET AS PROVIDED FOR IN
636		-	SECTION
637		-	25-7-1405(2)(b).
	642	+	26
	643	+	OTHERWISE REQUIRES:27
	644	+	214
	645	+	-19- (A) "ADMINISTRATIVE COSTS" MEANS THE AMOUNT OF MONEY1
	646	+	EXPENDED FROM THE RESPECTIVE CASH FUNDS BY THE OFFICE AND THE2
	647	+	DEPARTMENT FOR THE ADMINISTRATION AND IMPLEMENTATION OF3
	648	+	CERTAIN INCOME TAX CREDITS , AS PROVIDED FOR IN SECTIONS4
	649	+	24-38.5-116 (6)(b)(II), 24-38.5-118 (7)(d), 24-38.5-506 (2)(b),
	650	+	AND OF
	651	+	5
	652	+	THE TEMPORARY SPECIFIC OWNERSHIP TAX RATE REDUCTION FOR6
	653	+	ELECTRIC MEDIUM-DUTY AND HEAVY-DUTY TRUCKS THAT ARE PART OF A7
	654	+	FLEET AS PROVIDED FOR IN SECTION 25-7-1405(2)(b).8
638	655		(B) "R
639	656		ESPECTIVE CASH FUNDS" MEANS THE INDUSTRIAL AND
640		-	MANUFACTURING OPERATIONS CLEAN AIR GRANT PROGRAM CASH FUND
641		-	CREATED IN SECTION
642		-	24-38.5-116 (6), THE GEOTHERMAL ENERGY GRANT
643		-	FUND CREATED IN SECTION
644		-	24-38.5-118 (7), THE COMMUNITY ACCESS TO
645		-	ELECTRIC BICYCLES CASH FUND CREATED IN SECTION
646		-	24-38.5-506, AND THE
647		-	ELECTRIFYING SCHOOL BUSES GRANT PROGRAM CASH FUND CREATED IN
648		-	SECTION
649		-	25-7-1405.
650		-	PAGE 14-SENATE BILL 24-214 (4) The state treasurer shall transfer all unexpended and
651		-	unencumbered money in the fund on June 30, 2024, June 30, 2025, and
652		-	June 30, 2026, to the general fund; except that the balance of money
653		-	remaining in the fund not including expended and encumbered money shall
654		-	not be less than one hundred thousand
655		-	THREE HUNDRED THOUSAND dollars.
656		-	SECTION 8. In Colorado Revised Statutes, 24-38.5-401, amend
657		-	(6)(a), (6)(b)(I), (7), and (8)(b); and repeal (8)(c) as follows:
658		-	24-38.5-401. Energy code board - appointment - creation - duties
659		-	- definitions - repeal. (6) (a) Duty of the energy code board to adopt a
660		-	model low energy and carbon code. It is the duty of the energy code board
661		-	to develop a model low energy and carbon code on or before June 1, 2025
662		-	SEPTEMBER 1, 2025, for adoption by counties, municipalities, and state
663		-	agencies.
664		-	(b) The model low energy and carbon code developed by the energy
665		-	code board must apply to commercial and residential buildings and must:
666		-	(I) Include the more energy efficient of either the 2021 or 2024
667		-	international energy conservation code, except as the energy code board
668		-	may modify those international energy conservation codes pursuant to
	657	+	9
	658	+	MANUFACTURING OPERATIONS CLEAN AIR GRANT PROGRAM CASH FUND10
	659	+	CREATED IN SECTION 24-38.5-116 (6), THE GEOTHERMAL ENERGY GRANT11
	660	+	FUND CREATED IN SECTION 24-38.5-118 (7), THE COMMUNITY ACCESS TO12
	661	+	ELECTRIC BICYCLES CASH FUND CREATED IN SECTION 24-38.5-506, AND13
	662	+	THE ELECTRIFYING SCHOOL BUSES GRANT PROGRAM CASH FUND CREATED14
	663	+	IN SECTION 25-7-1405.15
	664	+	(4) The state treasurer shall transfer all unexpended and16
	665	+	unencumbered money in the fund on June 30, 2024, June 30, 2025, and17
	666	+	June 30, 2026, to the general fund; except that the balance of money18
	667	+	remaining in the fund not including expended and encumbered money19
	668	+	shall not be less than one hundred thousand THREE HUNDRED THOUSAND20
	669	+	dollars.21
	670	+	SECTION 8. In Colorado Revised Statutes, 24-38.5-401, amend22
	671	+	(6)(a), (6)(b)(I), (7), and (8)(b); and repeal (8)(c) as follows:23
	672	+	24-38.5-401. Energy code board - appointment - creation -24
	673	+	duties - definitions - repeal. (6) (a) Duty of the energy code board to25
	674	+	adopt a model low energy and carbon code. It is the duty of the energy26
	675	+	code board to develop a model low energy and carbon code on or before27
	676	+	214
	677	+	-20- June 1, 2025 SEPTEMBER 1, 2025, for adoption by counties,1
	678	+	municipalities, and state agencies.2
	679	+	(b) The model low energy and carbon code developed by the3
	680	+	energy code board must apply to commercial and residential buildings4
	681	+	and must:5
	682	+	(I) Include the more energy efficient of either the 2021 or 20246
	683	+	international energy conservation code, except as the energy code board7
	684	+	may modify those international energy conservation codes pursuant to8
669	685		subsection (7) of this section, including any appendices
670		-	AND RESOURCES to
671		-	the international energy conservation code that the energy code board
672		-	deems appropriate;
673		-	(7) Option to relax international energy conservation code
674		-	appendices and resources. The energy code board may as necessary relax
675		-	the stringency of any requirements in the international energy conservation
676		-	code, including appendices
677		-	AND RESOURCES that it adopts as part of the
678		-	model low energy and carbon code language it develops pursuant to
	686	+	AND RESOURCES9
	687	+	to the international energy conservation code that the energy code board10
	688	+	deems appropriate;11
	689	+	(7) Option to relax international energy conservation code12
	690	+	appendices and resources. The energy code board may as necessary13
	691	+	relax the stringency of any requirements in the international energy14
	692	+	conservation code, including appendices
	693	+	AND RESOURCES that it adopts15
	694	+	as part of the model low energy and carbon code language it develops16
	695	+	pursuant to subsection (5)
	696	+	SUBSECTION (6) of this section if it deems that17
	697	+	doing so is appropriate, but the energy code board shall not increase the18
	698	+	stringency of any requirements in the international energy conservation19
	699	+	code including appendices
	700	+	AND RESOURCES that it adopts as part of the20
	701	+	model low energy and carbon code language it develops pursuant to21
679	702		subsection (5)
680		-	SUBSECTION (6) of this section if it deems that doing so is
681		-	appropriate, but the energy code board shall not increase the stringency of
682		-	any requirements in the international energy conservation code including
683		-	appendices
684		-	AND RESOURCES that it adopts as part of the model low energy
685		-	and carbon code language it develops pursuant to subsection (5)
686		-	SUBSECTION (6) of this section.
687		-	(8) (b) If two-thirds of the energy code board fail, on or before April
688		-	1, 2023, to adopt any element of the model electric ready and solar ready
689		-	PAGE 15-SENATE BILL 24-214 code required by subsection (5) of this section, the executive committee
690		-	shall vote on that same element on or before May 15, 2023. If two-thirds of
691		-	the energy code board fail, on or before February 1, 2025
692		-	JUNE 1, 2025, to
693		-	adopt an element of the model low energy and carbon required by
694		-	subsection (6) of this section, the executive committee shall vote on that
695		-	same element on or before March 15, 2025
696		-	AUGUST 1, 2025.
697		-	(c) If the energy code board fails, on or before April 1, 2023, to
698		-	adopt any element of the model electric ready and solar ready code required
699		-	by subsection (5) of this section, the executive committee shall vote on that
700		-	same element on or before May 15, 2023. If the energy code board fails, on
701		-	or before February 1, 2025, to adopt an element of the model low energy
702		-	and carbon code required by subsection (6) of this section, the executive
703		-	committee shall vote on that same element on or before March 15, 2025.
704		-	SECTION 9. In Colorado Revised Statutes, 24-38.5-403, amend
705		-	(3)(a)(I) and (3)(c) as follows:
706		-	24-38.5-403. Energy code training - energy code adoption - grant
707		-	writing assistance. (3) (a) Within three days after June 2, 2022, the state
708		-	treasurer shall transfer three million dollars from the general fund to the
709		-	energy fund created in section 24-38.5-102.4. The Colorado energy office
710		-	shall expend the money transferred by the general assembly pursuant to this
711		-	subsection (3)(a) for the purposes of:
712		-	(I) Issuing grants, not to exceed a total of two million
713		-	ONE MILLION
714		-	EIGHT HUNDRED SEVENTY
715		-	-FIVE THOUSAND dollars, to local governments to
716		-	support their adoption and enforcement of the 2021 international energy
717		-	conservation code, an electric ready and solar ready code, and a low energy
718		-	and carbon code and to cover the direct and indirect costs associated with
719		-	issuing these grants; and
720		-	(c) Within three days after June 2, 2022, the state treasurer shall
721		-	transfer one hundred and fifty thousand
722		-	TWO HUNDRED SEVENTY -FIVE
723		-	THOUSAND
724		-	dollars from the general fund to the energy fund created in
725		-	section 24-38.5-102.4. The Colorado energy office shall expend the money
726		-	transferred by the general assembly pursuant to this subsection (3)(c) for the
727		-	costs associated with administering the energy code board established in
728		-	section 24-38.5-401 (2).
729		-	PAGE 16-SENATE BILL 24-214 SECTION 10. In Colorado Revised Statutes, 24-38.5-405, amend
730		-	(3)(a) as follows:
731		-	24-38.5-405. High-efficiency electric heating and appliances
732		-	grant program - creation - report - legislative declaration - repeal.
733		-	(3) Grantees may use the money received through the high-efficiency
734		-	electric heating and appliances grant program for the following purposes:
735		-	(a) The purchase and installation of high-efficiency electric
	703	+	SUBSECTION (6) of this section.22
	704	+	(8) (b) If two-thirds of the energy code board fail, on or before23
	705	+	April 1, 2023, to adopt any element of the model electric ready and solar24
	706	+	ready code required by subsection (5) of this section, the executive25
	707	+	committee shall vote on that same element on or before May 15, 2023. If26
	708	+	two-thirds of the energy code board fail, on or before February 1, 202527
	709	+	214
	710	+	-21- JUNE 1, 2025, to adopt an element of the model low energy and carbon1
	711	+	required by subsection (6) of this section, the executive committee shall2
	712	+	vote on that same element on or before March 15, 2025 AUGUST 1, 2025.3
	713	+	(c) If the energy code board fails, on or before April 1, 2023, to4
	714	+	adopt any element of the model electric ready and solar ready code5
	715	+	required by subsection (5) of this section, the executive committee shall6
	716	+	vote on that same element on or before May 15, 2023. If the energy code7
	717	+	board fails, on or before February 1, 2025, to adopt an element of the8
	718	+	model low energy and carbon code required by subsection (6) of this9
	719	+	section, the executive committee shall vote on that same element on or10
	720	+	before March 15, 2025.11
	721	+	SECTION 9. In Colorado Revised Statutes, 24-38.5-403, amend12
	722	+	(3)(a)(I) and (3)(c) as follows:13
	723	+	24-38.5-403. Energy code training - energy code adoption -14
	724	+	grant writing assistance. (3) (a) Within three days after June 2, 2022,15
	725	+	the state treasurer shall transfer three million dollars from the general16
	726	+	fund to the energy fund created in section 24-38.5-102.4. The Colorado17
	727	+	energy office shall expend the money transferred by the general assembly18
	728	+	pursuant to this subsection (3)(a) for the purposes of:19
	729	+	(I) Issuing grants, not to exceed a total of two million ONE20
	730	+	MILLION EIGHT HUNDRED SEVENTY -FIVE THOUSAND dollars, to local21
	731	+	governments to support their adoption and enforcement of the 202122
	732	+	international energy conservation code, an electric ready and solar ready23
	733	+	code, and a low energy and carbon code and to cover the direct and24
	734	+	indirect costs associated with issuing these grants; and25
	735	+	(c) Within three days after June 2, 2022, the state treasurer shall26
	736	+	transfer one hundred and fifty thousand TWO HUNDRED SEVENTY -FIVE27
	737	+	214
	738	+	-22- THOUSAND dollars from the general fund to the energy fund created in1
	739	+	section 24-38.5-102.4. The Colorado energy office shall expend the2
	740	+	money transferred by the general assembly pursuant to this subsection3
	741	+	(3)(c) for the costs associated with administering the energy code board4
	742	+	established in section 24-38.5-401 (2).5
	743	+	SECTION 10. In Colorado Revised Statutes, 24-38.5-405,6
	744	+	amend (3)(a) as follows:7
	745	+	24-38.5-405. High-efficiency electric heating and appliances8
	746	+	grant program - creation - report - legislative declaration - repeal.9
	747	+	(3) Grantees may use the money received through the high-efficiency10
	748	+	electric heating and appliances grant program for the following purposes:11
	749	+	(a) The purchase and installation of high-efficiency electric12
736	750		equipment for
737	751		DRYING CLOTHES, space heating, water heating, or
738		-	cooking
739		-	in multiple residential or commercial buildings located in close proximity,
740		-	OR FOR OTHER ELECTRIC EQUIPMENT AS DETERMINED BY THE COLORADO
741		-	ENERGY OFFICE
742		-	;
743		-	SECTION 11. In Colorado Revised Statutes, 24-38.5-506, amend
744		-	(2)(b) as follows:
745		-	24-38.5-506. Community access to electric bicycles cash fund -
746		-	creation - gifts, grants, or donations - transfer. (2) (b) For state fiscal
747		-	years 2023-24 and 2024-25, the office and, subject to annual appropriation,
748		-	the department of revenue may expend money in the fund for the
749		-	administration and implementation of the electric bicycle tax credit created
750		-	in section 39-22-555. The office shall keep an accounting of all money
751		-	expended from the fund pursuant to this subsection (2)(b) for purposes of
752		-	calculating the repayment of the administrative costs required by section
753		-	39-29-108(2)(e)(II) SECTION 24-38.5-120 (3).
754		-	SECTION 12. In Colorado Revised Statutes, 25-7-1405, amend
755		-	(2)(b) as follows:
756		-	25-7-1405. Electrifying school buses grant program cash fund
757		-	- creation - gifts, grants, and donations - transfer. (2) (b) For state fiscal
758		-	years 2023-24 and 2024-25, and subject to annual appropriation, the
759		-	Colorado energy office, created in section 24-38.5-101, and the department
760		-	of revenue may expend money from the fund for the administration and
761		-	implementation of the innovative motor vehicles and innovative trucks tax
762		-	credits created in sections 39-22-516.7 and 39-22-516.8 and for the specific
763		-	ownership tax rate reduction for electric medium-duty and heavy-duty
764		-	trucks that are part of a fleet as set forth in section 42-3-107(1)(a)(IV). The
765		-	office shall keep an accounting of all money expended from the fund
766		-	PAGE 17-SENATE BILL 24-214 pursuant to this subsection (2)(b) for purposes of calculating the repayment
767		-	of the administrative costs required by section 39-29-108(2)(e)(II) SECTION
768		-	24-38.5-120 (3).
769		-	SECTION 13. In Colorado Revised Statutes, add part 16 to article
770		-	7 of title 25 as follows:
771		-	PART 16
772		-	AFFORDABLE APPLIANCES FOR A HEALTHY COMMUNITY
773		-	25-7-1601. Legislative declaration. (1) T
774		-	HE GENERAL ASSEMBLY
775		-	FINDS AND DETERMINES THAT
776		-	:
777		-	(a) R
778		-	ISING TEMPERATURES ARE INCREASING THE DEMAND FOR AIR
779		-	CONDITIONERS
780		-	;
781		-	(b) C
782		-	OMMON TYPES OF AIR CONDITIONERS CAN ALSO PROVIDE
783		-	WINTER HEATING IF THEY ARE CONFIGURED AS HEAT PUMPS
784		-	, WHICH ARE A
785		-	MORE ENVIRONMENTALLY FRIENDLY OPTION THAN OTHER TYPES OF
786		-	HEATING
787		-	, VENTILATION, AND AIR CONDITIONING SYSTEMS;
788		-	(c) T
789		-	HE "INFLATION REDUCTION ACT OF 2022", THE STATE, AND
790		-	UTILITIES ARE OPENING UP OPPORTUNITIES TO MAKE THIS TECHNOLOGY LESS
791		-	EXPENSIVE THAN COOLING
792		-	-ONLY SYSTEMS; AND
793		-	(d) COLORADO SHOULD BE PREPARED TO TAKE ADVANTAGE OF NEW
794		-	OPPORTUNITIES TO THE MAXIMUM EXTENT TO CREATE A MORE AFFORDABLE
795		-	AND ENVIRONMENTALLY FRIENDLY HOUSING MARKET AND HEATING
796		-	,
797		-	VENTILATION, AND AIR CONDITIONING INDUSTRY.
798		-	(2) T
799		-	HE GENERAL ASSEMBLY , THEREFORE, DETERMINES AND
800		-	DECLARES THAT IT IS IN THE PUBLIC INTEREST FOR THE HEALTH AND
801		-	ENVIRONMENT OF THE STATE TO REQUIRE THAT THE
802		-	COLORADO ENERGY
803		-	OFFICE CONDUCT A STUDY OF THE TECHNICAL VIABILITY
804		-	, ECONOMIC
805		-	CONDITIONS
806		-	, AND WORKFORCE READINESS OF STANDARDS FOR CONFIGURING
807		-	NEW RESIDENTIAL AIR CONDITIONERS AS HEAT PUMPS
808		-	.
809		-	25-7-1602. Definitions. A
810		-	S USED IN THIS PART 16, UNLESS THE
811		-	CONTEXT OTHERWISE REQUIRES
812		-	:
813		-	(1) "A
814		-	IR CONDITIONER" MEANS AN ELECTRICALLY POWERED
815		-	PAGE 18-SENATE BILL 24-214 MECHANICAL DEVICE THAT USES THE REFRIGERATION CYCLE TO COOL AN
816		-	INTERIOR HABITABLE SPACE
817		-	.
818		-	(2) "A
819		-	PPLICABLE AIR CONDITIONER" MEANS AN AIR CONDITIONER
820		-	THAT IS
821		-	:
822		-	(a) N
823		-	EW;
824		-	(b) P
825		-	OWERED BY A SINGLE-PHASE CURRENT;
826		-	(c) D
827		-	ESIGNED AND INTENDED FOR RESIDENTIAL USE ;
828		-	(d) D
829		-	ESIGNED AND INTENDED FOR PERMANENT INSTALLATION ; AND
830		-	(e) NOT DESIGNED OR INTENDED TO BE WINDOW MOUNTED .
831		-	(3) "H
832		-	EAT PUMP" MEANS AN ELECTRICALLY POWERED MECHANICAL
833		-	DEVICE THAT USES THE REFRIGERATION CYCLE TO TRANSFER THERMAL
834		-	ENERGY FROM ONE LOCATION TO ANOTHER
835		-	.
836		-	(4) "HVAC"
837		-	MEANS A HEATING , VENTILATION, AND AIR
838		-	CONDITIONING SYSTEM
839		-	.
840		-	(5) "O
841		-	FFICE" MEANS THE COLORADO ENERGY OFFICE CREATED IN
	752	+	cooking13
	753	+	in multiple residential or commercial buildings located in close proximity,14
	754	+	OR FOR OTHER ELECTRIC EQUIPMENT AS DETERMINED BY THE COLORADO15
	755	+	ENERGY OFFICE;16
	756	+	SECTION 11. In Colorado Revised Statutes, 24-38.5-506,17
	757	+	amend (2)(b) as follows:18
	758	+	24-38.5-506. Community access to electric bicycles cash fund19
	759	+	- creation - gifts, grants, or donations - transfer. (2) (b) For state fiscal20
	760	+	years 2023-24 and 2024-25, the office and, subject to annual21
	761	+	appropriation, the department of revenue may expend money in the fund22
	762	+	for the administration and implementation of the electric bicycle tax23
	763	+	credit created in section 39-22-555. The office shall keep an accounting24
	764	+	of all money expended from the fund pursuant to this subsection (2)(b)25
	765	+	for purposes of calculating the repayment of the administrative costs26
	766	+	required by section 39-29-108(2)(e)(II) SECTION 24-38.5-120 (3).27
	767	+	214
	768	+	-23- SECTION 12. In Colorado Revised Statutes, 25-7-1405, amend1
	769	+	(2)(b) as follows:2
	770	+	25-7-1405. Electrifying school buses grant program cash fund3
	771	+	- creation - gifts, grants, and donations - transfer. (2) (b) For state4
	772	+	fiscal years 2023-24 and 2024-25, and subject to annual appropriation, the5
	773	+	Colorado energy office, created in section 24-38.5-101, and the6
	774	+	department of revenue may expend money from the fund for the7
	775	+	administration and implementation of the innovative motor vehicles and8
	776	+	innovative trucks tax credits created in sections 39-22-516.7 and9
	777	+	39-22-516.8 and for the specific ownership tax rate reduction for electric10
	778	+	medium-duty and heavy-duty trucks that are part of a fleet as set forth in11
	779	+	section 42-3-107(1)(a)(IV). The office shall keep an accounting of all12
	780	+	money expended from the fund pursuant to this subsection (2)(b) for13
	781	+	purposes of calculating the repayment of the administrative costs required14
	782	+	by section 39-29-108(2)(e)(II) SECTION 24-38.5-120 (3).15
	783	+	SECTION 13. In Colorado Revised Statutes, add part 16 to16
	784	+	article 7 of title 25 as follows:17
	785	+	PART 1618
	786	+	AFFORDABLE APPLIANCES FOR A HEALTHY COMMUNITY19
	787	+	25-7-1601. Legislative declaration. (1) THE GENERAL ASSEMBLY20
	788	+	FINDS AND DETERMINES THAT:21
	789	+	(a) RISING TEMPERATURES ARE INCREASING THE DEMAND FOR AIR22
	790	+	CONDITIONERS;23
	791	+	(b) COMMON TYPES OF AIR CONDITIONERS CAN ALSO PROVIDE24
	792	+	WINTER HEATING IF THEY ARE CONFIGURED AS HEAT PUMPS , WHICH ARE25
	793	+	A MORE ENVIRONMENTALLY FRIENDLY OPTION THAN OTHER TYPES OF26
	794	+	HEATING, VENTILATION, AND AIR CONDITIONING SYSTEMS;27
	795	+	214
	796	+	-24- (c) THE "INFLATION REDUCTION ACT OF 2022", THE STATE, AND1
	797	+	UTILITIES ARE OPENING UP OPPORTUNITIES TO MAKE THIS TECHNOLOGY2
	798	+	LESS EXPENSIVE THAN COOLING-ONLY SYSTEMS; AND3
	799	+	(d) COLORADO SHOULD BE PREPARED TO TAKE ADVANTAGE OF4
	800	+	NEW OPPORTUNITIES TO THE MAXIMUM EXTENT TO CREATE A MORE5
	801	+	AFFORDABLE AND ENVIRONMENTALLY FRIENDLY HOUSING MARKET AND6
	802	+	HEATING, VENTILATION, AND AIR CONDITIONING INDUSTRY.7
	803	+	(2) THE GENERAL ASSEMBLY , THEREFORE, DETERMINES AND8
	804	+	DECLARES THAT IT IS IN THE PUBLIC INTEREST FOR THE HEALTH AND9
	805	+	ENVIRONMENT OF THE STATE TO REQUIRE THAT THE COLORADO ENERGY10
	806	+	OFFICE CONDUCT A STUDY OF THE TECHNICAL VIABILITY , ECONOMIC11
	807	+	CONDITIONS, AND WORKFORCE READINESS OF STANDARDS FOR12
	808	+	CONFIGURING NEW RESIDENTIAL AIR CONDITIONERS AS HEAT PUMPS .13
	809	+	25-7-1602. Definitions. AS USED IN THIS PART 16, UNLESS THE14
	810	+	CONTEXT OTHERWISE REQUIRES :15
	811	+	(1) "AIR CONDITIONER" MEANS AN ELECTRICALLY POWERED16
	812	+	MECHANICAL DEVICE THAT USES THE REFRIGERATION CYCLE TO COOL AN17
	813	+	INTERIOR HABITABLE SPACE.18
	814	+	(2) "APPLICABLE AIR CONDITIONER" MEANS AN AIR CONDITIONER19
	815	+	THAT IS:20
	816	+	(a) NEW;21
	817	+	(b) POWERED BY A SINGLE-PHASE CURRENT;22
	818	+	(c) DESIGNED AND INTENDED FOR RESIDENTIAL USE ;23
	819	+	(d) DESIGNED AND INTENDED FOR PERMANENT INSTALLATION ; AND24
	820	+	(e) NOT DESIGNED OR INTENDED TO BE WINDOW MOUNTED .25
	821	+	(3) "HEAT PUMP" MEANS AN ELECTRICALLY POWERED26
	822	+	MECHANICAL DEVICE THAT USES THE REFRIGERATION CYCLE TO TRANSFER27
	823	+	214
	824	+	-25- THERMAL ENERGY FROM ONE LOCATION TO ANOTHER .1
	825	+	(4) "HVAC" MEANS A HEATING, VENTILATION, AND AIR2
	826	+	CONDITIONING SYSTEM.3
	827	+	(5) "OFFICE" MEANS THE COLORADO ENERGY OFFICE CREATED IN4
	828	+	SECTION 24-38.5-101 (1).5
	829	+	(6) "RESIDENTIAL" MEANS ONE- AND TWO-FAMILY DWELLINGS6
	830	+	AND TOWNHOUSES, AS DEFINED IN THE MOST RECENT EDITION OF THE7
	831	+	INTERNATIONAL RESIDENTIAL CODE.8
	832	+	25-7-1603. Colorado energy office - study - accelerated9
	833	+	adoption of heat pump technology. (1) ON OR BEFORE AUGUST 1, 2024,10
	834	+	THE OFFICE SHALL COMMENCE A STUDY WITH TARGETED STAKEHOLDER11
	835	+	INPUT TO EXPLORE HOW TO ACCELERATE ADOPTION OF HEAT PUMP12
	836	+	TECHNOLOGY IN COLORADO THROUGH A TECHNICAL STANDARD FOR13
	837	+	APPLICABLE AIR CONDITIONERS.14
	838	+	(2) IN CONDUCTING THE STUDY, THE OFFICE SHALL:15
	839	+	(a) FOCUS ON A STATEWIDE POINT-OF-SALE STANDARD ON NEW16
	840	+	AND REPLACEMENT AIR CONDITIONERS ;17
	841	+	(b) CONSIDER EQUIPMENT PERFORMANCE IN DIFFERENT CLIMATE18
	842	+	ZONES AND CONDITIONS;19
	843	+	(c) CONSULT WITH STAKEHOLDERS FROM MANUFACTURERS ,20
	844	+	DISTRIBUTORS, CONTRACTORS, HEAT PUMP EXPERTS, GREEN BUILDERS,21
	845	+	ENVIRONMENTAL JUSTICE GROUPS, AND UTILITIES SERVING RETAIL22
	846	+	CUSTOMERS;23
	847	+	(d) USE DATA AND FINDINGS FROM RECENT PUBLIC UTILITY24
	848	+	PROCEEDINGS TO ACCELERATE DATA COLLECTION FOR THE STUDY ;25
	849	+	(e) DETERMINE THE REQUIREMENTS FOR SUCCESSFUL26
	850	+	IMPLEMENTATION OF A STATEWIDE POINT -OF-SALE STANDARD; AND27
	851	+	214
	852	+	-26- (f) MAKE RECOMMENDATIONS ON HOW THE STATE CAN ADDRESS1
	853	+	ANY ASSOCIATED NEEDS OR GAPS BEFORE A STATEWIDE POINT-OF-SALE2
	854	+	STANDARD TAKES EFFECT.3
	855	+	(3) IN CONDUCTING THE STUDY , THE OFFICE SHALL ASSESS AND4
	856	+	DETERMINE:5
	857	+	(a) UP-FRONT COST GAPS AND ONGOING COSTS AND COST SAVINGS6
	858	+	FOR RESIDENTIAL HOMES FROM IMPLEMENTATION OF A STATEWIDE7
	859	+	POINT-OF-SALE STANDARD;8
	860	+	(b) WHETHER AND WHERE FEDERAL, STATE, LOCAL, AND UTILITY9
	861	+	INCENTIVES CAN COVER ANY IDENTIFIED COST GAPS, AND MAKE10
	862	+	RECOMMENDATIONS FOR WHAT, IF ANY, NEW INCENTIVES MAY BE NEEDED11
	863	+	FOR INCOME-QUALIFIED HOUSEHOLDS;12
	864	+	(c) ANY TECHNICAL LIMITATIONS, AND POTENTIAL REMEDIES FOR13
	865	+	THOSE LIMITATIONS, FOR A STATEWIDE POINT-OF-SALE STANDARD;14
	866	+	(d) SYSTEM CONFIGURATION OPTIONS FOR COLD-TEMPERATURE15
	867	+	PERFORMANCE;16
	868	+	(e) NECESSARY CUSTOMER INFORMATION REGARDING17
	869	+	COLD-TEMPERATURE PERFORMANCE ;18
	870	+	(f) WHAT, IF ANY, EXCEPTIONS OR EXEMPTIONS MAY BE19
	871	+	NECESSARY FOR A STATEWIDE POINT-OF-SALE STANDARD AND HOW SUCH20
	872	+	EXCEPTIONS OR EXEMPTIONS COULD BE ADMINISTERED ;21
	873	+	(g) POTENTIAL IMPROVEMENTS TO THE STATE INCOME TAX CREDIT22
	874	+	CREATED IN SECTION 39-22-554;23
	875	+	(h) SUPPLY CHAIN STATUS;24
	876	+	(i) CONTRACTOR TRAINING NEEDS ; AND25
	877	+	(j) QUALITY ASSURANCE MEASURES .26
	878	+	(4) THE OFFICE SHALL DELIVER THE STUDY RESULTS TO THE27
	879	+	214
	880	+	-27- CHAIRS OF THE TRANSPORTATION AND ENERGY COMMITTEE OF THE1
	881	+	SENATE AND THE ENERGY AND ENVIRONMENT COMMITTEE OF THE HOUSE2
	882	+	OF REPRESENTATIVES, OR ANY SUCCESSOR COMMITTEES, ACCORDING TO3
	883	+	THE FOLLOWING SCHEDULE :4
	884	+	(a) ON OR BEFORE JANUARY 1, 2025, THE OFFICE SHALL DELIVER5
	885	+	A PROGRESS REPORT;6
	886	+	(b) ON OR BEFORE MARCH 1, 2025, THE OFFICE SHALL DELIVER7
	887	+	INTERIM RESULTS AND LEGISLATIVE RECOMMENDATIONS ; AND8
	888	+	(c) ON OR BEFORE JUNE 1, 2025, THE OFFICE SHALL DELIVER THE9
	889	+	FINAL STUDY AND FINAL LEGISLATIVE RECOMMENDATIONS .10
	890	+	25-7-1604. Repeal of part. THIS PART 16 IS REPEALED, EFFECTIVE11
	891	+	JULY 1, 2030.12
	892	+	SECTION 14. In Colorado Revised Statutes, 32-9-119.8, amend13
	893	+	(3) as follows:14
	894	+	32-9-119.8. Provision of retail and commercial goods and15
	895	+	services at district transfer facilities - residential and other uses at16
	896	+	district transfer facilities permitted - definitions. (3) Any person17
	897	+	obtaining the use of any portion of a transfer facility for the provision of18
	898	+	retail or commercial goods or services or for the provision of residential19
	899	+	uses or other uses shall be required to compensate the district by payment20
	900	+	of rent at fair market value, or, at the discretion of the district, by the21
	901	+	provision of services or capital improvements to facilities used in transit22
	902	+	services, alone or in combination with rental payments. such that the total23
	903	+	benefit to the district is not less than the fair market rental value of the24
	904	+	property used by the person.25
	905	+	SECTION 15. In Colorado Revised Statutes, 39-22-551, amend26
	906	+	(2)(e) introductory portion, (2)(i), (2)(j), (3)(a)(II), and (3)(c) as follows:27
	907	+	214
	908	+	-28- 39-22-551. Industrial clean energy tax credit - tax preference1
	909	+	performance statement - definitions - report - repeal. (2) Definitions.2
	910	+	As used in this section, unless the context otherwise requires:3
	911	+	(e) "Greenhouse gas emissions reduction improvements" means4
	912	+	improvements that help to measurably reduce greenhouse gas emissions.5
	913	+	"Greenhouse gas emissions reduction improvements" also means MAY6
	914	+	INCLUDE one or more of the following equipment purchases,7
	915	+	improvements, and retrofits:8
	916	+	(i) "Industrial study" means an energy and emissions audit, a9
	917	+	feasibility study,
	918	+	A PRE-FRONT-END or front-end engineering design study10
	919	+	that meets or exceeds the standards established by the office,
	920	+	OR ANY11
	921	+	OTHER INDUSTRIAL STUDIES AS OUTLINED IN PROGRAM ST ANDARDS12
	922	+	ADOPTED BY THE OFFICE.13
	923	+	(j) "Owner" means a person
	924	+	OR DEVELOPER OF A PROJECT TO BE14
	925	+	IMPLEMENTED AT A QUALIFIED INDUSTRIAL FACILITY subject to tax under15
	926	+	this article 22 who applies for and claims the credit allowed by this16
	927	+	section.17
	928	+	(3) Availability of credit and amount. (a) For income tax years18
	929	+	commencing on or after January 1, 2024, but prior to January 1, 2033,19
	930	+	there shall be allowed a credit with respect to the income taxes imposed20
	931	+	pursuant to this article 22 to the owner of a qualified industrial facility in21
	932	+	an amount equal to:22
	933	+	(II) The applicable percentage of the capital costs paid by the23
	934	+	owner, not including the cost for design, and approved by the office for24
	935	+	certified greenhouse gas emissions reduction improvements that are25
	936	+	placed in service during the tax year in which the credit is claimed; except26
	937	+	that the credit must be claimed in an amount that is not less than27
	938	+	214
	939	+	-29- seventy-five thousand dollars and does not exceed five EIGHT million1
	940	+	dollars.2
	941	+	(c) An owner that claims the credit allowed by this section cannot,3
	942	+	claim the credit allowed by section 39-30-104 with respect to the4
	943	+	greenhouse gas emissions reduction improvements or receive grant5
	944	+	money under the industrial and manufacturing operations clean air grant6
	945	+	program created in section 24-38.5-116 (3)(a) FOR THE SAME7
	946	+	GREENHOUSE GAS EMISSION REDUCTION IMPROVEMENTS :8
	947	+	(I) C
	948	+	LAIM THE CREDIT ALLOWED BY SECTION 39-30-104; OR 9
	949	+	(II) R
	950	+	ECEIVE GRANT MONEY UNDER THE I NDUSTRIAL AND10
	951	+	MANUFACTURING OPERATIONS CLEAN AIR GRANT PROGRAM CREATED IN11
	952	+	SECTION 24-38.5-116 (3)(a).12
842	953		SECTION
843		-	24-38.5-101 (1).
844		-	(6) "R
845		-	ESIDENTIAL" MEANS ONE- AND TWO-FAMILY DWELLINGS AND
846		-	TOWNHOUSES
847		-	, AS DEFINED IN THE MOST RECENT EDITION OF THE
848		-	INTERNATIONAL RESIDENTIAL CODE.
849		-	25-7-1603. Colorado energy office - study - accelerated adoption
850		-	of heat pump technology. (1) O
851		-	N OR BEFORE AUGUST 1, 2024, THE OFFICE
852		-	SHALL COMMENCE A STUDY WITH TARGETED STAKEHOLDER INPUT TO
853		-	EXPLORE HOW TO ACCELERATE ADOPTION OF HEAT PUMP TECHNOLOGY IN
854		-	COLORADO THROUGH A TECHNICAL STANDARD FOR APPLICABLE AIR
855		-	CONDITIONERS
856		-	.
857		-	(2) I
858		-	N CONDUCTING THE STUDY, THE OFFICE SHALL:
859		-	(a) F
860		-	OCUS ON A STATEWIDE POINT-OF-SALE STANDARD ON NEW AND
861		-	PAGE 19-SENATE BILL 24-214 REPLACEMENT AIR CONDITIONERS ;
862		-	(b) C
863		-	ONSIDER EQUIPMENT PERFORMANCE IN DIFFERENT CLIMATE
864		-	ZONES AND CONDITIONS
865		-	;
866		-	(c) C
867		-	ONSULT WITH STAKEHOLDERS FROM MANUFACTURERS ,
868		-	DISTRIBUTORS, CONTRACTORS, HEAT PUMP EXPERTS, GREEN BUILDERS,
869		-	ENVIRONMENTAL JUSTICE GROUPS , AND UTILITIES SERVING RETAIL
870		-	CUSTOMERS
871		-	;
872		-	(d) U
873		-	SE DATA AND FINDINGS FROM RECENT PUBLIC UTILITY
874		-	PROCEEDINGS TO ACCELERATE DATA COLLECTION FOR THE STUDY
875		-	;
876		-	(e) D
877		-	ETERMINE THE REQUIREMENTS FOR SUCCESSFUL
878		-	IMPLEMENTATION OF A STATEWIDE POINT
879		-	-OF-SALE STANDARD; AND
880		-	(f) MAKE RECOMMENDATIONS ON HOW THE STATE CAN ADDRESS
881		-	ANY ASSOCIATED NEEDS OR GAPS BEFORE A STATEWIDE POINT
882		-	-OF-SALE
883		-	STANDARD TAKES EFFECT
884		-	.
885		-	(3) I
886		-	N CONDUCTING THE STUDY , THE OFFICE SHALL ASSESS AND
887		-	DETERMINE
888		-	:
889		-	(a) U
890		-	P-FRONT COST GAPS AND ONGOING COSTS AND COST SAVINGS
891		-	FOR RESIDENTIAL HOMES FROM IMPLEMENTATION OF A STATEWIDE
892		-	POINT
893		-	-OF-SALE STANDARD;
894		-	(b) W
895		-	HETHER AND WHERE FEDERAL , STATE, LOCAL, AND UTILITY
896		-	INCENTIVES CAN COVER ANY IDENTIFIED COST GAPS
897		-	, AND MAKE
898		-	RECOMMENDATIONS FOR WHAT
899		-	, IF ANY, NEW INCENTIVES MAY BE NEEDED
900		-	FOR INCOME
901		-	-QUALIFIED HOUSEHOLDS;
902		-	(c) A
903		-	NY TECHNICAL LIMITATIONS, AND POTENTIAL REMEDIES FOR
904		-	THOSE LIMITATIONS
905		-	, FOR A STATEWIDE POINT-OF-SALE STANDARD;
906		-	(d) S
907		-	YSTEM CONFIGURATION OPTIONS FOR COLD -TEMPERATURE
908		-	PERFORMANCE
909		-	;
910		-	(e) N
911		-	ECESSARY CUSTOMER INFORMATION REGARDING
912		-	COLD
913		-	-TEMPERATURE PERFORMANCE ;
914		-	PAGE 20-SENATE BILL 24-214 (f) WHAT, IF ANY, EXCEPTIONS OR EXEMPTIONS MAY BE NECESSARY
915		-	FOR A STATEWIDE POINT
916		-	-OF-SALE STANDARD AND HOW SUCH EXCEPTIONS OR
917		-	EXEMPTIONS COULD BE ADMINISTERED
918		-	;
919		-	(g) P
920		-	OTENTIAL IMPROVEMENTS TO THE STATE INCOME TAX CREDIT
921		-	CREATED IN SECTION
922		-	39-22-554;
923		-	(h) S
924		-	UPPLY CHAIN STATUS;
925		-	(i) C
926		-	ONTRACTOR TRAINING NEEDS ; AND
927		-	(j) QUALITY ASSURANCE MEASURES .
928		-	(4) T
929		-	HE OFFICE SHALL DELIVER THE STUDY RESULTS TO THE CHAIRS
930		-	OF THE TRANSPORTATION AND ENERGY COMMITTEE OF THE SENATE AND THE
931		-	ENERGY AND ENVIRONMENT COMMITTEE OF THE HOUSE OF
932		-	REPRESENTATIVES
933		-	, OR ANY SUCCESSOR COMMITTEES , ACCORDING TO THE
934		-	FOLLOWING SCHEDULE
935		-	:
936		-	(a) O
937		-	N OR BEFORE JANUARY 1, 2025, THE OFFICE SHALL DELIVER A
938		-	PROGRESS REPORT
939		-	;
940		-	(b) O
941		-	N OR BEFORE MARCH 1, 2025, THE OFFICE SHALL DELIVER
942		-	INTERIM RESULTS AND LEGISLATIVE RECOMMENDATIONS
943		-	; AND
944		-	(c) ON OR BEFORE JUNE 1, 2025, THE OFFICE SHALL DELIVER THE
945		-	FINAL STUDY AND FINAL LEGISLATIVE RECOMMENDATIONS
946		-	.
947		-	25-7-1604. Repeal of part. T
948		-	HIS PART 16 IS REPEALED, EFFECTIVE
949		-	JULY 1, 2030.
950		-	SECTION 14. In Colorado Revised Statutes, 32-9-119.8, amend
951		-	(3) as follows:
952		-	32-9-119.8. Provision of retail and commercial goods and
953		-	services at district transfer facilities - residential and other uses at
954		-	district transfer facilities permitted - definitions. (3) Any person
955		-	obtaining the use of any portion of a transfer facility for the provision of
956		-	retail or commercial goods or services or for the provision of residential
957		-	uses or other uses shall be required to
958		-	compensate the district by payment
959		-	PAGE 21-SENATE BILL 24-214 of rent at fair market value, or, at the discretion of the district, by the
960		-	provision of services or capital improvements to facilities used in transit
961		-	services, alone or in combination with rental payments. such that the total
962		-	benefit to the district is not less than the fair market rental value of the
963		-	property used by the person.
964		-	SECTION 15. In Colorado Revised Statutes, 39-22-551, amend
965		-	(2)(e) introductory portion, (2)(i), (2)(j), (3)(a)(II), and (3)(c) as follows:
966		-	39-22-551. Industrial clean energy tax credit - tax preference
967		-	performance statement - definitions - report - repeal. (2) Definitions.
968		-	As used in this section, unless the context otherwise requires:
969		-	(e) "Greenhouse gas emissions reduction improvements" means
970		-	improvements that help to measurably reduce greenhouse gas emissions.
971		-	"Greenhouse gas emissions reduction improvements" also means
972		-	MAY
973		-	INCLUDE
974		-	one or more of the following equipment purchases, improvements,
975		-	and retrofits:
976		-	(i) "Industrial study" means an energy and emissions audit, a
977		-	feasibility study,
978		-	A PRE-FRONT-END or a front-end engineering design study
979		-	that meets or exceeds the standards established by the office,
980		-	OR ANY OTHER
981		-	INDUSTRIAL STUDIES AS OUTLINED IN PROGRAM STANDARDS ADOPTED BY
982		-	THE OFFICE
983		-	.
984		-	(j) "Owner" means a person
985		-	OR DEVELOPER OF A PROJECT TO BE
986		-	IMPLEMENTED AT A QUALIFIED INDUSTRIAL FACILITY
987		-	subject to tax under
988		-	this article 22 who applies for and claims the credit allowed by this section.
989		-	(3) Availability of credit and amount. (a) For income tax years
990		-	commencing on or after January 1, 2024, but prior to January 1, 2033, there
991		-	shall be allowed a credit with respect to the income taxes imposed pursuant
992		-	to this article 22 to the owner of a qualified industrial facility in an amount
993		-	equal to:
994		-	(II) The applicable percentage of the capital costs paid by the owner,
995		-	not including the cost for design, and approved by the office for certified
996		-	greenhouse gas emissions reduction improvements that are placed in service
997		-	during the tax year in which the credit is claimed; except that the credit
998		-	must be claimed in an amount that is not less than seventy-five thousand
999		-	PAGE 22-SENATE BILL 24-214 dollars and does not exceed five EIGHT million dollars.
1000		-	(c) An owner that claims the credit allowed by this section cannot,
1001		-	claim the credit allowed by section 39-30-104 with respect to the
1002		-	greenhouse gas emissions reduction improvements or receive grant money
1003		-	under the industrial and manufacturing operations clean air grant program
1004		-	created in section 24-38.5-116 (3)(a) FOR THE SAME GREENHOUSE GAS
1005		-	EMISSION REDUCTION IMPROVEMENTS
1006		-	:
1007		-	(I) C
1008		-	LAIM THE CREDIT ALLOWED BY SECTION 39-30-104; OR
1009		-	(II) RECEIVE GRANT MONEY UNDER THE INDUSTRIAL AND
1010		-	MANUFACTURING OPERATIONS CLEAN AIR GRANT PROGRAM CREATED IN
1011		-	SECTION
1012		-	24-38.5-116 (3)(a).
1013		-	SECTION 16. In Colorado Revised Statutes, 39-22-552, amend
1014		-	(1)(a), (2)(e), (2)(f) introductory portion, (2)(f)(VIII), and (2)(f)(IX); and
1015		-	add (2)(f)(X), (2)(f.5), (2)(h), (2)(i), and (2)(j) as follows:
1016		-	39-22-552. Tax credit for expenditures made in connection with
1017		-	a geothermal energy project - tax preference performance statement -
1018		-	definitions - repeal. (1) (a) In accordance with section 39-21-304(1),
1019		-	which requires each bill that creates a new tax expenditure to include a tax
1020		-	preference performance statement as part of a statutory legislative
1021		-	declaration, the general assembly finds and declares that the purpose of the
1022		-	tax credit provided in this section is to induce certain designated behavior
1023		-	by taxpayers and to provide a reduction in income tax liability for certain
1024		-	businesses or individuals by providing a financial incentive for the
1025		-	development of
1026		-	THERMAL ENERGY NETWORKS , electricity generation from
1027		-	geothermal sources.
1028		-	(2) Definitions. As used in this section, unless the context otherwise
1029		-	requires:
1030		-	(e) "Eligible taxpayer" means a person engaged in a trade or
1031		-	business that is subject to tax pursuant to this article 22, or a person or
1032		-	political subdivision of this state that is exempt from tax pursuant to section
1033		-	39-22-112 (1), that makes a qualified expenditure ANY OF THE FOLLOWING
1034		-	PEOPLE OR ENTITIES THAT MAKE A QUALIFIED EXPENDITURE
1035		-	:
1036		-	PAGE 23-SENATE BILL 24-214 (I) A PERSON ENGAGED IN A TRADE OR BUSINESS THAT IS SUBJECT TO
1037		-	TAX PURSUANT TO THIS ARTICLE
1038		-	22;
	954	+	16. In Colorado Revised Statutes, 39-22-552, amend13
	955	+	(1)(a), (2)(e), (2)(f) introductory portion, (2)(f)(VIII), and (2)(f)(IX); and14
	956	+	add (2)(f)(X), (2)(f.5), (2)(h), (2)(i), and (2)(j) as follows:15
	957	+	39-22-552. Tax credit for expenditures made in connection16
	958	+	with a geothermal energy project - tax preference performance17
	959	+	statement - definitions - repeal. (1) (a) In accordance with section18
	960	+	39-21-304(1), which requires each bill that creates a new tax expenditure19
	961	+	to include a tax preference performance statement as part of a statutory20
	962	+	legislative declaration, the general assembly finds and declares that the21
	963	+	purpose of the tax credit provided in this section is to induce certain22
	964	+	designated behavior by taxpayers and to provide a reduction in income23
	965	+	tax liability for certain businesses or individuals by providing a financial24
	966	+	incentive for the development of
	967	+	THERMAL ENERGY NETWORKS , electricity25
	968	+	generation from geothermal sources.
	969	+	26
	970	+	(2) Definitions. As used in this section, unless the context27
	971	+	214
	972	+	-30- otherwise requires:1
	973	+	2
	974	+	(e) "Eligible taxpayer" means a person engaged in a trade or3
	975	+	business that is subject to tax pursuant to this article 22, or a person or4
	976	+	political subdivision of this state that is exempt from tax pursuant to5
	977	+	section 39-22-112 (1), that makes a qualified expenditure ANY OF THE6
	978	+	FOLLOWING PEOPLE OR ENTITIES THAT MAKE A QUALIFIED EXPENDITURE :7
	979	+	(I) A
	980	+	PERSON ENGAGED IN A TRADE OR BUSINESS THAT IS SUBJECT8
	981	+	TO TAX PURSUANT TO THIS ARTICLE 22;9
1039	982		(II) A
1040		-	PERSON OR POLITICAL SUBDIVISION OF THIS STATE THAT IS
1041		-	EXEMPT FROM TAX PURSUANT TO SECTION
1042		-	~~39-22-112 (1); OR~~
1043		-	~~(III) A~~ TRIBAL GOVERNMENT.
	983	+	PERSON OR POLITICAL SUBDIVISION OF THIS STATE THAT IS10
	984	+	EXEMPT FROM TAX PURSUANT TO SECTION 39-22-112 (1); OR11
	985	+	(III) A
	986	+	TRIBAL GOVERNMENT.12
1044	987		(f) "Geothermal energy
1045		-	ELECTRICITY project" or "project" means a
1046		-	project in the state that is intended to evaluate and develop a geothermal
1047		-	resource for the purpose of electricity production, that meets the standards
1048		-	developed pursuant to subsection (5) of this section, and that involves any
1049		-	of the following:
1050		-	(VIII) Coproduction of geothermal energy; or
1051		-	ENERGY INCLUDING
1052		-	FOR INDUSTRIAL USES OR THERMAL ENERGY NETWORKS
1053		-	;
	988	+	ELECTRICITY project" or "project" means13
	989	+	a project in the state that is intended to evaluate and develop a geothermal14
	990	+	resource for the purpose of electricity production, that meets the standards15
	991	+	developed pursuant to subsection (5) of this section, and that involves any16
	992	+	of the following:17
	993	+	(VIII) Coproduction of geothermal energy; or ENERGY INCLUDING18
	994	+	FOR INDUSTRIAL USES OR THERMAL ENERGY NETWORKS ;19
1054	995		(IX) Power generation equipment;
1055		-	OR
1056		-	(X) ~~STUDIES TO IDENTIFY AND EXPLORE RESOURCES THAT MAY BE~~
1057		-	~~SUITABLE FOR GEOTHERMAL ELECTRICITY GENERATION~~ AND MAY ~~INCLUDE~~
1058		-	~~HYDROGEN~~ GENERATION ~~OR UTILIZATION OF DIRECT AIR CAPTURE~~
1059		-	~~TECHNOLOGY~~
1060		-	.
	996	+	OR20
	997	+	(X) S
	998	+	TUDIES TO IDENTIFY AND EXPLORE RESOURCES THAT MAY BE21
	999	+	SUITABLE FOR GEOTHERMAL ELECTRICITY GENERATION AND MAY INCLUDE22
	1000	+	HYDROGEN GENERATION OR UTILIZATION OF DIRECT AIR CAPTURE23
	1001	+	TECHNOLOGY.24
1061	1002		(f.5) "G
1062		-	EOTHERMAL ENERGY PROJECT " MEANS A ~~GEOTHERMAL~~
1063		-	ELECTRICITY PROJECT
1064		-	~~, THERMAL~~ ENERGY NETWORK ~~, OR A THERMAL ENERGY~~
1065		-	~~NETWORK STUDY~~
1066		-	.
	1003	+	EOTHERMAL ENERGY PROJECT " MEANS A GEOTHERMAL25
	1004	+	ELECTRICITY PROJECT, THERMAL ENERGY NETWORK , OR A THERMAL26
	1005	+	ENERGY NETWORK STUDY .27
	1006	+	214
	1007	+	-31- 1
1067	1008		(h) "T
1068		-	HERMAL ENERGY NETWORK " HAS THE SAME MEANING AS SET
1069		-	FORTH IN SECTION
1070		-	39-22-554 (2)(n).
	1009	+	HERMAL ENERGY NETWORK " HAS THE SAME MEANING AS SET2
	1010	+	FORTH IN SECTION 39-22-554 (2)(n).3
1071	1011		(i) "T
1072		-	HERMAL ENERGY NETWORK STUDY " MEANS AN ENERGY AND
1073		-	EMISSIONS SCOPING STUDY
1074		-	, A FEASIBILITY STUDY, AN INVESTMENT GRADE
1075		-	ENERGY AUDIT
1076		-	, A DETAILED ENGINEERING DESIGN, OR A COMBINATION OF
1077		-	THESE OPTIONS THAT MEETS OR EXCEEDS THE STANDARDS ESTABLISHED BY
1078		-	THE OFFICE
1079		-	.
	1012	+	HERMAL ENERGY NETWORK STUDY " MEANS AN ENERGY AND4
	1013	+	EMISSIONS SCOPING STUDY, A FEASIBILITY STUDY, AN INVESTMENT GRADE5
	1014	+	ENERGY AUDIT, A DETAILED ENGINEERING DESIGN, OR A COMBINATION OF6
	1015	+	THESE OPTIONS THAT MEETS OR EX CEEDS THE STANDARDS ESTABLISHED7
	1016	+	BY THE OFFICE.8
1080	1017		(j) "T
1081		-	RIBAL GOVERNMENT " MEANS A FEDERALLY RECOGNIZED
1082		-	INDIAN TRIBE, INCLUDING ITS BUSINESS OPERATIONS AND WHOLLY -OWNED
1083		-	ENTITIES
1084		-	, WITH RESERVATION LANDS WITHIN THE STATE OF COLORADO OR
1085		-	PAGE 24-SENATE BILL 24-214 OPERATING WITHIN THE STATE.
1086		-	SECTION 17. In Colorado Revised Statutes, 39-22-553, amend
1087		-	(2)(c) and (3); and add (2)(d) and (3.5) as follows:
1088		-	39-22-553. Geothermal electricity generation production tax
1089		-	credit - tax preference performance statement - definitions - repeal.
1090		-	(2) Definitions. As used in this section, unless the context otherwise
1091		-	requires:
1092		-	(c) "Qualified entity" means a person engaged in a trade or business
1093		-	that is subject to tax pursuant to this article 22 or a person or political
1094		-	subdivision of this state that is exempt from tax pursuant to section
1095		-	39-22-112 (1), either of which produces electricity derived from geothermal
1096		-	energy for sale or for the person's or political subdivision's own use ANY OF
1097		-	THE FOLLOWING PEOPLE OR ENTITIES THAT PRODUCE ELECTRICITY DERIVED
1098		-	FROM GEOTHERMAL ENERGY FOR SALE OR USE
1099		-	:
	1018	+	RIBAL GOVERNMENT" MEANS A FEDERALLY RECOGNIZED9
	1019	+	I
	1020	+	NDIAN TRIBE, INCLUDING ITS BUSINESS OPERATIONS AND WHOLLY-OWNED10
	1021	+	ENTITIES, WITH RESERVATION LANDS WITHIN THE STATE OF COLORADO OR11
	1022	+	OPERATING WITHIN THE STATE.12
	1023	+
	1024	+	13
	1025	+	SECTION 17. In Colorado Revised Statutes, 39-22-553, amend14
	1026	+	(2)(c) and (3); and add (2)(d) and (3.5) as follows:15
	1027	+	39-22-553. Geothermal electricity generation production tax16
	1028	+	credit - tax preference performance statement - definitions - repeal.17
	1029	+	(2) Definitions. As used in this section, unless the context otherwise18
	1030	+	requires:19
	1031	+	(c) "Qualified entity" means a person engaged in a trade or20
	1032	+	business that is subject to tax pursuant to this article 22 or a person or21
	1033	+	political subdivision of this state that is exempt from tax pursuant to22
	1034	+	section 39-22-112 (1), either of which produces electricity derived from23
	1035	+	geothermal energy for sale or for the person's or political subdivision's24
	1036	+	own use ANY OF THE FOLLOWING PEOPLE OR ENTITIES THAT PRODUCE25
	1037	+	ELECTRICITY DERIVED FROM GEOTHERMAL ENERGY FOR SALE OR USE :26
1100	1038		(I) A
1101		-	PERSON ENGAGED IN A TRADE OR BUSINESS THAT IS ~~SUBJECT TO~~
1102		-	~~TAX PURSUANT TO THIS ARTICLE~~
1103		-	22;
	1039	+	PERSON ENGAGED IN A TRADE OR BUSINESS THAT IS SUBJECT27
	1040	+	214
	1041	+	-32- TO TAX PURSUANT TO THIS ARTICLE 22;1
1104	1042		(II) A
1105		-	PERSON OR POLITICAL SUBDIVISION OF THIS STATE THAT IS
1106		-	EXEMPT FROM TAX PURSUANT TO SECTION
1107		-	~~39-22-112~~ (1)~~; OR~~
1108		-	~~(III)~~ A TRIBAL GOVERNMENT.
	1043	+	PERSON OR POLITICAL SUBDIVISION OF THIS STATE THAT IS2
	1044	+	EXEMPT FROM TAX PURSUANT TO SECTION 39-22-112 (1); OR3
	1045	+	(III)
	1046	+	A TRIBAL GOVERNMENT.4
1109	1047		(d) "T
1110		-	RIBAL GOVERNMENT " MEANS A FEDERALLY RECOGNIZED
1111		-	INDIAN TRIBE, INCLUDING ITS BUSINESS OPERATIONS AND WHOLLY -OWNED
1112		-	ENTITIES
1113		-	, WITH RESERVATION LANDS WITHIN THE STATE OF COLORADO OR
1114		-	OPERATING WITHIN THE STATE
1115		-	.
1116		-	(3) For income tax years commencing on or after January 1, 2024,
1117		-	but before January 1, 2033, a qualified entity is allowed a credit against the
1118		-	income taxes imposed by this article 22 in an amount equal to three
1119		-	one-thousandths of a dollar per kilowatt hour of geothermal electricity that
1120		-	is produced by the qualified entity in the state in the tax year. In order to
1121		-	claim the credit, the qualified entity shall apply for and receive a tax credit
1122		-	certificate from the office pursuant to subsection (4) of this section. except
1123		-	that the office may not issue a tax credit certificate to a qualified entity
1124		-	totaling more than one million dollars per income tax year.
1125		-	PAGE 25-SENATE BILL 24-214 (3.5) THE OFFICE SHALL ANNUALLY REVIEW AND EVALUATE THE
1126		-	EFFECTIVENESS OF THE TAX CREDIT AND MAY MODIFY THE AMOUNTS SET
1127		-	FORTH IN SUBSECTION
1128		-	(3) OF THIS SECTION. THE OFFICE SHALL MAINTAIN
1129		-	THE CURRENT APPLICABLE TAX CREDIT ON ITS WEBSITE AND SHALL PROVIDE
1130		-	THE APPLICABLE TAX CREDIT IN WRITING TO THE DEPARTMENT NO LATER
1131		-	THAN
1132		-	DECEMBER 31, 2024, AND EACH DECEMBER 31 THEREAFTER THROUGH
1133		-	DECEMBER 31, 2031.
1134		-	SECTION 18. In Colorado Revised Statutes, 39-22-554, amend
1135		-	(2)(a)(I)(C), (2)(g)(I)(C), (2)(g)(I)(D), (2)(p)(I)(C), (2)(p)(I)(D),
1136		-	(2)(q)(I)(C), (2)(q)(I)(D), (3)(c)(I) introductory portion, (3)(d)(II), (3)(e),
1137		-	(5)(a)(II), (5)(a)(V), and (5)(d)(II)(A); repeal (2)(a)(I)(B), (2)(a)(III),
1138		-	(2)(g)(III), (2)(g)(IV), (2)(p)(III), (2)(q)(III), and (5)(a)(III); and add
1139		-	(2)(a)(I)(D), (2)(a)(I)(E), (2)(c.5), (2)(d.5), (2)(g)(I)(E), (2)(i.5),
1140		-	(2)(p)(I)(E), (2)(q)(I)(E), and (5)(a)(III.5) as follows:
1141		-	39-22-554. Heat pump technology and thermal energy network
1142		-	tax credit - tax preference performance statement - definitions - repeal.
1143		-	(2) Definitions. As used in this section, unless the context otherwise
1144		-	requires:
1145		-	(a) (I) "Air-source heat pump system" means a system that:
1146		-	(B) Has a variable speed compressor; and
1147		-	(C) Is listed in the Air-conditioning, Heating, and Refrigeration
1148		-	Institute directory of certified product performance as a matched system;
1149		-	(D) C
1150		-	ONFORMS TO ALL APPLICABLE MUNICIPAL , STATE, AND
1151		-	FEDERAL CODES
1152		-	, STANDARDS, REGULATIONS, AND CERTIFICATIONS; AND
1153		-	(E) IS INSTALLED IN ACCORDANCE WITH THE MANUFACTURER 'S
1154		-	SPECIFICATIONS
1155		-	.
1156		-	(III) "Air-source heat pump system" includes mechanical and
1157		-	electrical equipment central to the operation of an air-source heat pump,
1158		-	including an upgraded electrical panel if necessary.
1159		-	(c.5) "COLD-CLIMATE HEAT PUMP" MEANS A TYPE OF AIR-SOURCE
1160		-	HEAT PUMP SYSTEM THAT
1161		-	:
1162		-	PAGE 26-SENATE BILL 24-214 (I) MEETS THE QUALIFICATION CRITERIA OF THE FEDERAL
1163		-	ENVIRONMENTAL PROTECTION AGENCY
1164		-	'S ENERGY STAR PROGRAM'S
1165		-	COLD
1166		-	-CLIMATE HEAT PUMP DESIGNATION OR MEETS THE HIGHEST TIER OF
1167		-	THE
1168		-	CONSORTIUM FOR ENERGY EFFICIENCY'S NORTHERN AIR-SOURCE HEAT
1169		-	PUMP SPECIFICATIONS
1170		-	, NOT INCLUDING AN ADVANCED TIER ;
1171		-	(II) I
1172		-	S INSTALLED WITH CONTROLS THAT SET A CROSSOVER
1173		-	TEMPERATURE SPECIFIED BY GUIDELINES ESTABLISHED BY THE OFFICE
1174		-	PURSUANT TO SUBSECTION
1175		-	(7) OF THIS SECTION;
1176		-	(III) C
1177		-	ONFORMS TO ALL APPLICABLE MUNICIPAL , STATE, AND
1178		-	FEDERAL CODES
1179		-	, STANDARDS, REGULATIONS, AND CERTIFICATIONS;
1180		-	(IV) I
1181		-	S INSTALLED IN ACCORDANCE WITH THE MANUFACTURER 'S
1182		-	SPECIFICATIONS
1183		-	; AND
1184		-	(V) IS LISTED IN THE AIR-CONDITIONING, HEATING, AND
1185		-	REFRIGERATION INSTITUTE DIRECTORY OF CERTIFIED PRODUCT
1186		-	PERFORMANCE AS A MATCHED SYSTEM
1187		-	.
1188		-	(d.5) "C
1189		-	ROSSOVER TEMPERATURE " MEANS THE POINT THAT A
1190		-	HEAT
1191		-	-PUMP-BASED HVAC SYSTEM SWITCHES EITHER PARTIALLY OR FULLY
1192		-	FROM THE HEAT PUMP TO A SUPPLEMENTARY HEATING SOURCE
1193		-	.
1194		-	(g) (I) "Ground-source heat pump system" means a system that:
1195		-	(C) Has blowers that are variable speed,
1196		-	high-efficiency motors that
1197		-	meet or exceed efficiency levels listed in the National Electrical
1198		-	Manufacturers Association MG 1-1993 publication; and
1199		-	(D) Complies with all state and local drinking water guidelines and
1200		-	regulations and public water system requirements;
1201		-	AND
1202		-	(E) IS INSTALLED IN ACCORDANCE WITH THE MANUFACTURER 'S
1203		-	SPECIFICATIONS
1204		-	.
1205		-	(III) "Ground-source heat pump system" includes mechanical and
1206		-	electrical equipment central to the operation of a ground-source heat pump,
1207		-	including an upgraded electrical panel if necessary.
1208		-	PAGE 27-SENATE BILL 24-214 (IV) "Ground-source heat pump system" may include a heat
1209		-	exchanger for water heating.
1210		-	(i.5) "HEAT PUMP" MEANS AN ELECTRICALLY POWERED MECHANICAL
1211		-	DEVICE THAT USES THE REFRIGERATION CYCLE TO TRANSFER THERMAL
1212		-	ENERGY FROM ONE LOCATION TO ANOTHER
1213		-	.
1214		-	(p) (I) "Variable refrigerant flow heat pump system" means a system
1215		-	that:
1216		-	(C) Has blowers that are variable speed, high-efficiency motors that
1217		-	meet or exceed efficiency levels listed in the National Electrical
1218		-	Manufacturers Association MGI-1993
1219		-	MG 1-1993 publication; and
1220		-	(D) Complies with all state and local drinking water guidelines and
1221		-	regulations and public water system and wastewater system requirements;
1222		-	AND
1223		-	(E) IS INSTALLED IN ACCORDANCE WITH THE MANUFACTURER 'S
1224		-	SPECIFICATIONS
1225		-	.
1226		-	(III) "Variable refrigerant flow system" includes mechanical and
1227		-	electrical equipment central to the operation of a variable refrigerant flow
1228		-	system.
1229		-	(q) (I) "Water-source heat pump system" means a system that: (C) Has blowers that are variable speed,
1230		-	high-efficiency motors that
1231		-	meet or exceed efficiency levels listed in the National Electrical
1232		-	Manufacturers Association MG 1-1993 publication; and
1233		-	(D) Complies with all state and local drinking water guidelines and
1234		-	regulations and public water system and wastewater system requirements;
1235		-	AND
1236		-	(E) IS INSTALLED IN ACCORDANCE WITH THE MANUFACTURER 'S
1237		-	SPECIFICATIONS
1238		-	.
1239		-	(III) "Water-source heat pump system" includes mechanical and
1240		-	electrical equipment central to the operation of a water-source heat pump.
1241		-	PAGE 28-SENATE BILL 24-214 (3) (c) Subject to the modifications set forth in subsection (3)(d) of
1242		-	this section and the annual review required pursuant to subsection (3)(e) of
1243		-	this section and except as otherwise provided in subsection (3)(f) of this
1244		-	section, the amount of the credit allowed pursuant to this section is
1245		-	calculated as follows:
1246		-	(I) For the installation of an air-source heat pump system or
1247		-	FOR a
1248		-	variable refrigerant flow heat
1249		-	PUMP system:
1250		-	(d) Notwithstanding the amounts set forth in subsection (3)(c) of this
1251		-	section, the amount of the credit allowed by this section may be modified
1252		-	as follows:
1253		-	(II) For a nonresidential building, the amount of the credit is the
1254		-	amount of the credit permitted pursuant to subsection (3)(c) of this section
1255		-	multiplied by the number of increments of four tons of heating capacity; up
1256		-	to a maximum of one hundred tons; and
1257		-	(e) The office shall annually review and evaluate the effectiveness
1258		-	of the tax credits and may,
1259		-	FOR THE SUBSEQUENT TAX YEAR :
1260		-	(I) Modify the amounts set forth in subsection (3)(c) of this section;
1261		-	AND
1262		-	(II) ESTABLISH, MODIFY, OR REMOVE LIMITS ON THE CREDITS
1263		-	CALCULATED PURSUANT TO SUBSECTION
1264		-	(3)(d) OF THIS SECTION.
1265		-	(5) (a) The office shall create, and update at least annually, a list
1266		-	containing the names and contact information of eligible taxpayers. To
1267		-	become an eligible taxpayer, and be included on the list described in this
1268		-	subsection (5), a taxpayer shall demonstrate to the office that the taxpayer
1269		-	and any of its employees who will be installing heat pump technology or
1270		-	thermal energy networks:
1271		-	(II) Are knowledgeable of
1272		-	AND AGREE TO FOLLOW the relevant
1273		-	system requirements set forth in subsections (2)(a), (2)(c.5), (2)(g), (2)(h),
1274		-	(2)(i), (2)(m), (2)(n), (2)(p), and (2)(q) of this section;
1275		-	(III) Will install heat pump technology and thermal energy networks
1276		-	in accordance with the national electric code and manufacturer's
1277		-	PAGE 29-SENATE BILL 24-214 specifications;
1278		-	(III.5) HAVE RECEIVED TRAINING PURSUANT TO THE GUIDELINES
1279		-	ISSUED BY THE OFFICE PURSUANT TO SUBSECTION
1280		-	(7) OF THIS SECTION;
1281		-	(V) Will meet any additional standards established by the office in
1282		-	its guidelines. including, if applicable, the 2021 international energyconservation code.
1283		-	(d) (II) (A) The office shall annually PERIODICALLY examine a
1284		-	sample of the eligible taxpayers on the list described in this subsection (5)
1285		-	to substantiate that the eligible taxpayers are meeting the office's standards
1286		-	and properly claiming the credit allowed by this section. Every eligible
1287		-	taxpayer shall produce the books and records described in subsection
1288		-	(5)(d)(I) of this section for examination at any time by the office.
1289		-	SECTION 19. In Colorado Revised Statutes, 39-22-557, amend
1290		-	(2)(d) and (3)(c)(I) as follows:
1291		-	39-22-557. Clean hydrogen tax credit - qualified uses - tax
1292		-	preference performance statement - definitions - legislative declaration
1293		-	- repeal. (2) As used in this section, unless the context otherwise requires:
1294		-	(d) "Lifecycle greenhouse gas emissions rate" means lifecycle
1295		-	greenhouse gas emissions, as defined in 26 U.S.C. sec. 45V (c)(1)(A), as
1296		-	amended, measured in accordance with any applicable federal internal
1297		-	revenue service regulations or guidance, subject to the rules adopted by the
1298		-	public utilities commission pursuant to section 40-2-138 (3)(a)(I)
1299		-	SECTION
1300		-	40-2-138 (3)(a)(II).
1301		-	(3) (c) (I) For income tax years commencing on and after January
1302		-	1, 2024, but before January 1, 2026, and not before the public utilities
1303		-	commission adopts rules pursuant to section 40-2-138 (3)(a)(I),
1304		-	SECTION
1305		-	40-2-138 (3)(a)(II), the office shall not issue a tax credit certificate to a taxpayer indicating eligibility for a tax credit for an amount exceeding one million dollars in a tax year.
1306		-	SECTION 20. In Colorado Revised Statutes, 39-29-108, repeal
1307		-	(2)(e)(II), (2)(e)(III)(A), and (2)(e)(III)(C) as follows:
1308		-	PAGE 30-SENATE BILL 24-214 39-29-108. Allocation of severance tax revenues - definitions -
1309		-	repeal. (2) (e) (II) The state treasurer shall credit a portion of the discrete
1310		-	increased amount of severance tax for oil and gas production in the amount
1311		-	attributable to administrative costs to the respective cash funds so that all
1312		-	administrative costs are repaid to the respective cash funds on or before July
1313		-	1, 2025.
1314		-	(III) As used in this subsection (2)(e), unless the context otherwise
1315		-	requires:
1316		-	(A) "Administrative costs" means the amount of money expended
1317		-	from the respective cash funds by the Colorado energy office and the
1318		-	department of revenue for the administration and implementation of certain
1319		-	income tax credits and a temporary specific ownership tax rate reduction for
1320		-	electric medium-duty and heavy-duty trucks that are part of a fleet as
1321		-	provided for in sections 24-38.5-116 (6)(b)(II), 24-38.5-118 (7)(d),
1322		-	24-38.5-506 (2)(a)(II), and 25-7-1405 (2)(b).
1323		-	(C) "Respective cash funds" means the industrial and manufacturing
1324		-	operations clean air grant program cash fund created in section 24-38.5-116
1325		-	(6), the geothermal energy grant fund created in section 24-38.5-118 (7), the
1326		-	community access to electric bicycles cash fund created in section
1327		-	24-38.5-506, or the electrifying school buses grant program cash fund
1328		-	created in section 25-7-1405.
1329		-	SECTION 21. In Colorado Revised Statutes, 24-38.5-115, amend
1330		-	(2)(a) and (5)(f) as follows:
1331		-	24-38.5-115. Sustainable rebuilding program - fund - creation
1332		-	- policies - report - definitions. (2) (a) The office shall, in consultation
1333		-	with the department of local affairs, establish the sustainable rebuilding
1334		-	program as a loan and grant program in accordance with the requirements
1335		-	of this section and the policies established by the office pursuant to
1336		-	subsection (4) of this section. The program may provide loans and grants
1337		-	from the fund to eligible homeowners and eligible businesses seeking
1338		-	assistance to rebuild high-efficiency
1339		-	homes and buildings after a disaster
1340		-	emergency declared by the governor pursuant to section 24-33.5-704 (4),
1341		-	WITH THE PROGRAM GIVING PRIORITY TO ELIGIBLE HOMEOWNERS AND
1342		-	ELIGIBLE BUSINESSES SEEKING ASSISTANCE TO REBUILD HIGH
1343		-	-EFFICIENCY
1344		-	HOMES AND BUILDINGS
1345		-	.
1346		-	PAGE 31-SENATE BILL 24-214 (5) Loans and grants received from the program may be used:
1347		-	(f) For other similar uses as determined by the office,
1348		-	INCLUDING
1349		-	PROVIDING LOANS OR GRANTS PURSUANT TO SECTION
1350		-	24-32-134 (5).
1351		-	SECTION 22. In Colorado Revised Statutes, 40-3.2-108, amend
1352		-	(10) introductory portion as follows:
1353		-	40-3.2-108. Clean heat targets - legislative declaration -
1354		-	definitions - plans - rules - reports. (10) No later than December 1, 2024,
1355		-	DECEMBER 1, 2025, the commission, in consultation with the division, shall
1356		-	determine mass-based greenhouse gas emission reduction targets for clean
1357		-	heat plans for 2035. In establishing these targets, the commission shall:
1358		-	SECTION 23. In Colorado Revised Statutes, add 40-3.2-110 as
1359		-	follows:
1360		-	40-3.2-110. Requirements related to heat pumps - definitions.
1361		-	(1) A
1362		-	S USED IN THIS SECTION, UNLESS THE CONTEXT OTHERWISE REQUIRES ,
1363		-	"
1364		-	HEAT PUMP" MEANS AN ELECTRICALLY POWERED DEVICE THAT USES THE
1365		-	REFRIGERATION CYCLE TO TRANSFER THERMAL ENERGY FROM ONE
1366		-	LOCATION TO ANOTHER
1367		-	.
1368		-	(2) O
1369		-	N OR BEFORE AUGUST 1, 2027, AN INVESTOR-OWNED UTILITY
1370		-	THAT PROVIDES ELECTRIC OR THERMAL ENERGY SHALL
1371		-	, WITHIN A GENERAL
1372		-	RATE CASE REQUEST
1373		-	, SUBMIT TO THE COMMISSION A PROPOSAL FOR A
1374		-	VOLUNTARY RATE OR RATES FOR ENERGY SUPPLIED TO RESIDENTIAL
1375		-	CUSTOMERS WHO UTILIZE A HEAT PUMP AS THEIR PRIMARY HEATING SOURCE
1376		-	,
1377		-	WHICH VOLUNTARY RATE OR RATES :
1378		-	(a) M
1379		-	AY BE NEW RATES , NEW OR EXISTING RIDERS , OR
1380		-	INCORPORATED INTO AN EXISTING TIME
1381		-	-OF-USE RATE;
1382		-	(b) I
1383		-	F COST-JUSTIFIED, ARE DESIGNED TO LOWER THE AVERAGE
1384		-	MONTHLY ENERGY BILL OF RESIDENTIAL CUSTOMERS WHO UTILIZE A HEAT
1385		-	PUMP AS THEIR PRIMARY HEATING SOURCE
1386		-	; AND
1387		-	(c) AVOID CROSS-SUBSIDIES FROM OTHER CUSTOMERS .
1388		-	SECTION 24. In Session Laws of Colorado 2023, section 4 of
1389		-	PAGE 32-SENATE BILL 24-214 chapter 219, amend (1) as follows:
1390		-	Section 4. Appropriation. (1) For the 2023-24 state fiscal year,
1391		-	$370,140 is appropriated to the department of higher education. This
1392		-	appropriation is from the oil and gas conservation and environmental
1393		-	response fund created in section 34-60-122 (5)(a), C.R.S., and is based on
1394		-	an assumption that the department will require an additional 3.0 FTE. To
1395		-	implement this act, the department may use this appropriation for the board
1396		-	of governors of the Colorado state university system for the biochar in oil
1397		-	and gas well plugging working advisory group. A
1398		-	NY MONEY APPROPRIATED
1399		-	IN THIS SECTION THAT IS NOT EXPENDED PRIOR TO
1400		-	JULY 1, 2024, IS FURTHER
1401		-	APPROPRIATED TO THE DEPARTMENT OF HIGHER EDUCATION FOR THE
1402		-	2024-25 STATE FISCAL YEAR FOR THE SAME PURPOSE .
1403		-	SECTION 25. Appropriation - adjustments to 2024 long bill.
1404		-	(1) To implement this act, cash funds appropriations from various sources
1405		-	of cash funds made in the annual general appropriation act for the 2024-25
1406		-	state fiscal year to the department of revenue are decreased as follows:
1407		-	Executive Director's Office, Administration and Support
1408		-	Personal services $424,001
1409		-	Operating expenses $64,770
1410		-	Taxation Business Group, Administration
1411		-	Tax administration IT system (GenTax) support $765,934
1412		-	Taxation Business Group, Taxation Services
1413		-	Personal services $470,940
1414		-	Operating expenses $36,925
1415		-	Document management $7,590
1416		-	(2) To implement this act, cash funds appropriations from the
1417		-	decarbonization tax credits administration cash fund created in section
1418		-	24-38.5-120 (2), C.R.S., made in the annual general appropriation act for
1419		-	PAGE 33-SENATE BILL 24-214 the 2024-25 state fiscal year to the department of revenue are increased as
1420		-	follows:
1421		-	Executive Director's Office, Administration and Support
1422		-	Personal services $424,001
1423		-	Operating expenses $64,770
1424		-	Taxation Business Group, Administration
1425		-	Tax administration IT system (GenTax) support $765,934
1426		-	Taxation Business Group, Taxation Services
1427		-	Personal services $470,940
1428		-	Operating expenses $36,925
1429		-	Document management $7,590
1430		-	SECTION 26. Appropriation. For the 2024-25 state fiscal year,
1431		-	$1,058,596 is appropriated to the office of the governor for use by the
1432		-	Colorado energy office. This appropriation consists of $100,000 from the
1433		-	general fund and $958,596 from the decarbonization tax credits
1434		-	administration cash fund created in section 24-38.5-120 (2), C.R.S., and is
1435		-	based on an assumption that the office will require an additional 3.1 FTE.
1436		-	To implement this act, the office may use this appropriation for program
1437		-	administration.
1438		-	SECTION 27. Safety clause. The general assembly finds,
1439		-	determines, and declares that this act is necessary for the immediate
1440		-	PAGE 34-SENATE BILL 24-214 preservation of the public peace, health, or safety or for appropriations for
1441		-	the support and maintenance of the departments of the state and state
1442		-	institutions.
1443		-	____________________________ ____________________________
1444		-	Steve Fenberg Julie McCluskie
1445		-	PRESIDENT OF SPEAKER OF THE HOUSE
1446		-	THE SENATE OF REPRESENTATIVES
1447		-	____________________________ ____________________________
1448		-	Cindi L. Markwell Robin Jones
1449		-	SECRETARY OF CHIEF CLERK OF THE HOUSE
1450		-	THE SENATE OF REPRESENTATIVES
1451		-	APPROVED________________________________________
1452		-	(Date and Time)
1453		-	_________________________________________
1454		-	Jared S. Polis
1455		-	GOVERNOR OF THE STATE OF COLORADO
1456		-	PAGE 35-SENATE BILL 24-214
	1048	+	RIBAL GOVERNMENT" MEANS A FEDERALLY RECOGNIZED5
	1049	+	I
	1050	+	NDIAN TRIBE, INCLUDING ITS BUSINESS OPERATIONS AND WHOLLY -OWNED6
	1051	+	ENTITIES, WITH RESERVATION LANDS WITHIN THE STATE OF COLORADO OR7
	1052	+	OPERATING WITHIN THE STATE.8
	1053	+	(3) For income tax years commencing on or after January 1, 2024,9
	1054	+	but before January 1, 2033, a qualified entity is allowed a credit against10
	1055	+	the income taxes imposed by this article 22 in an amount equal to three11
	1056	+	one-thousandths of a dollar per kilowatt hour of geothermal electricity12
	1057	+	that is produced by the qualified entity in the state in the tax year. In order13
	1058	+	to claim the credit, the qualified entity shall apply for and receive a tax14
	1059	+	credit certificate from the office pursuant to subsection (4) of this section.15
	1060	+	except that the office may not issue a tax credit certificate to a qualified
	1061	+	16
	1062	+	entity totaling more than one million dollars per income tax year.17
	1063	+	(3.5) T
	1064	+	HE OFFICE SHALL ANNUALLY REVIEW AND EVALUATE THE18
	1065	+	EFFECTIVENESS OF THE TAX CREDIT AND MAY MODIFY THE AMOUNTS SET19
	1066	+	FORTH IN SUBSECTION (3) OF THIS SECTION. THE OFFICE SHALL MAINTAIN20
	1067	+	THE CURRENT APPLICABLE TAX CREDIT
	1068	+	ON ITS WEBSITE AND SHALL21
	1069	+	PROVIDE THE APPLICABLE TAX CREDIT IN WRITING TO THE DEPARTMENT22
	1070	+	NO LATER THAN DECEMBER 31, 2024, AND EACH DECEMBER 3123
	1071	+	THEREAFTER THROUGH DECEMBER 31, 2031.24
	1072	+	SECTION 18. In Colorado Revised Statutes, 39-22-554, amend25
	1073	+	(2)(a)(I)(C), (2)(g)(I)(C), (2)(g)(I)(D), (2)(p)(I)(C), (2)(p)(I)(D),26
	1074	+	(2)(q)(I)(C), (2)(p)(I)(D), (2)(q)(I)(D), (3)(c)(I) introductory portion,27
	1075	+	214
	1076	+	-33- (3)(d)(II), (3)(e), (5)(a)(II), (5)(a)(V), and (5)(d)(II)(A); repeal1
	1077	+	(2)(a)(I)(B), (2)(a)(III), (2)(g)(III), (2)(g)(IV), (2)(p)(III), (2)(q)(III), and2
	1078	+	(5)(a)(III); and add (2)(a)(I)(D), (2)(a)(I)(E), (2)(c.5), (2)(d.5),3
	1079	+	(2)(g)(I)(E), (2)(i.5), (2)(q)(I)(E), and (5)(a)(III.5) as follows: 4
	1080	+	39-22-554. Heat pump technology and thermal energy5
	1081	+	network tax credit - tax preference performance statement -6
	1082	+	definitions - repeal. (2) Definitions. As used in this section, unless the7
	1083	+	context otherwise requires:8
	1084	+	(a) (I) "Air-source heat pump system" means a system that:9
	1085	+	(B) Has a variable speed compressor; and10
	1086	+	(C) Is listed in the Air-conditioning, Heating, and Refrigeration11
	1087	+	Institute directory of certified product performance as a matched system;12
	1088	+	(D) CONFORMS TO ALL APPLICABLE MUNICIPAL, STATE, AND13
	1089	+	FEDERAL CODES, STANDARDS, REGULATIONS, AND CERTIFICATIONS; AND14
	1090	+	(E) IS INSTALLED IN ACCORDANCE WITH THE MANUFACTURER 'S15
	1091	+	SPECIFICATIONS.16
	1092	+	(III) "Air-source heat pump system" includes mechanical and17
	1093	+	electrical equipment central to the operation of an air-source heat pump,18
	1094	+	including an upgraded electrical panel if necessary.19
	1095	+	(c.5) "COLD-CLIMATE HEAT PUMP" MEANS A TYPE OF AIR-SOURCE20
	1096	+	HEAT PUMP SYSTEM THAT:21
	1097	+	(I) MEETS THE QUALIFICATION CRITERIA OF THE FEDERAL22
	1098	+	ENVIRONMENTAL PROTECTION AGENCY'S ENERGY STAR PROGRAM'S23
	1099	+	COLD-CLIMATE HEAT PUMP DESIGNATION OR MEETS THE HIGHEST TIER OF24
	1100	+	THE CONSORTIUM FOR ENERGY EFFICIENCY'S NORTHERN AIR-SOURCE25
	1101	+	HEAT PUMP SPECIFICATIONS, NOT INCLUDING AN ADVANCED TIER ;26
	1102	+	(II) IS INSTALLED WITH CONTROLS THAT SET A CROSSOVER27
	1103	+	214
	1104	+	-34- TEMPERATURE SPECIFIED BY GUIDELINES ESTABLISHED BY THE OFFICE1
	1105	+	PURSUANT TO SUBSECTION (7) OF THIS SECTION;2
	1106	+	(III) CONFORMS TO ALL APPLICABLE MUNICIPAL, STATE, AND3
	1107	+	FEDERAL CODES, STANDARDS, REGULATIONS, AND CERTIFICATIONS;4
	1108	+	(IV) IS INSTALLED IN ACCORDANCE WITH THE MANUFACTURER 'S5
	1109	+	SPECIFICATIONS; AND6
	1110	+	(V) IS LISTED IN THE AIR-CONDITIONING, HEATING, AND7
	1111	+	REFRIGERATION INSTITUTE DIRECTORY OF CERTIFIED PRODUCT8
	1112	+	PERFORMANCE AS A MATCHED SYSTEM .9
	1113	+	(d.5) "CROSSOVER TEMPERATURE" MEANS THE POINT THAT A10
	1114	+	HEAT-PUMP-BASED HVAC SYSTEM SWITCHES EITHER PARTIALLY OR11
	1115	+	FULLY FROM THE HEAT PUMP TO A SUPPLEMENTARY HEATING SOURCE .12
	1116	+	(g) (I) "Ground-source heat pump system" means a system that:13
	1117	+	(C) Has blowers that are variable speed, high-efficiency motors14
	1118	+	that meet or exceed efficiency levels listed in the National Electrical15
	1119	+	Manufacturers Association MG 1-1993 publication; and16
	1120	+	(D) Complies with all state and local drinking water guidelines17
	1121	+	and regulations and public water system requirements; AND18
	1122	+	(E) IS INSTALLED IN ACCORDANCE WITH THE MANUFACTURER 'S19
	1123	+	SPECIFICATIONS.20
	1124	+	(III) "Ground-source heat pump system" includes mechanical and21
	1125	+	electrical equipment central to the operation of a ground-source heat22
	1126	+	pump, including an upgraded electrical panel if necessary.23
	1127	+	(IV) "Ground-source heat pump system" may include a heat24
	1128	+	exchanger for water heating.25
	1129	+	(i.5) "HEAT PUMP" MEANS AN ELECTRICALLY POWERED26
	1130	+	MECHANICAL DEVICE THAT USES THE REFRIGERATION CYCLE TO TRANSFER27
	1131	+	214
	1132	+	-35- THERMAL ENERGY FROM ONE LOCATION TO ANOTHER .1
	1133	+	(p) (I) "Variable refrigerant flow heat pump system" means a2
	1134	+	system that:3
	1135	+	(C) Has blowers that are variable speed, high-efficiency motors4
	1136	+	that meet or exceed efficiency levels listed in the National Electrical5
	1137	+	Manufacturers Association MGI-1993 MG 1-1993 publication; and6
	1138	+	(D) Complies with all state and local drinking water guidelines7
	1139	+	and regulations and public water system and wastewater system8
	1140	+	requirements; AND9
	1141	+	(E) IS INSTALLED IN ACCORDANCE WITH THE MANUFACTURER 'S10
	1142	+	SPECIFICATIONS.11
	1143	+	(III) "Variable refrigerant flow system" includes mechanical and12
	1144	+	electrical equipment central to the operation of a variable refrigerant flow13
	1145	+	system.14
	1146	+	(q) (I) "Water-source heat pump system" means a system that:15
	1147	+	(C) Has blowers that are variable speed, high-efficiency motors16
	1148	+	that meet or exceed efficiency levels listed in the National Electrical17
	1149	+	Manufacturers Association MG 1-1993 publication; and18
	1150	+	(D) Complies with all state and local drinking water guidelines19
	1151	+	and regulations and public water system and wastewater system20
	1152	+	requirements; AND21
	1153	+	(E) IS INSTALLED IN ACCORDANCE WITH THE M ANUFACTURER'S22
	1154	+	SPECIFICATIONS.23
	1155	+	(III) "Water-source heat pump system" includes mechanical and24
	1156	+	electrical equipment central to the operation of a water-source heat pump.25
	1157	+	(3) (c) Subject to the modifications set forth in subsection (3)(d)26
	1158	+	of this section and the annual review required pursuant to subsection27
	1159	+	214
	1160	+	-36- (3)(e) of this section and except as otherwise provided in subsection (3)(f)1
	1161	+	of this section, the amount of the credit allowed pursuant to this section2
	1162	+	is calculated as follows:3
	1163	+	(I) For the installation of an air-source heat pump system or FOR4
	1164	+	a variable refrigerant flow heat PUMP system:5
	1165	+	(d) Notwithstanding the amounts set forth in subsection (3)(c) of6
	1166	+	this section, the amount of the credit allowed by this section may be7
	1167	+	modified as follows:8
	1168	+	(II) For a nonresidential building, the amount of the credit is the9
	1169	+	amount of the credit permitted pursuant to subsection (3)(c) of this10
	1170	+	section multiplied by the number of increments of four tons of heating11
	1171	+	capacity; up to a maximum of one hundred tons; and12
	1172	+	(e) The office shall annually review and evaluate the effectiveness13
	1173	+	of the tax credits and may, FOR THE SUBSEQUENT TAX YEAR :14
	1174	+	(I) Modify the amounts set forth in subsection (3)(c) of this15
	1175	+	section; AND16
	1176	+	(II) ESTABLISH, MODIFY, OR REMOVE LIMITS ON THE CREDITS17
	1177	+	CALCULATED PURSUANT TO SUBSECTION (3)(d) OF THIS SECTION.18
	1178	+	(5) (a) The office shall create, and update at least annually, a list19
	1179	+	containing the names and contact information of eligible taxpayers. To20
	1180	+	become an eligible taxpayer, and be included on the list described in this21
	1181	+	subsection (5), a taxpayer shall demonstrate to the office that the taxpayer22
	1182	+	and any of its employees who will be installing heat pump technology or23
	1183	+	thermal energy networks:24
	1184	+	(II) Are knowledgeable of AND AGREE TO FOLLOW the relevant25
	1185	+	system requirements set forth in subsections (2)(a), (2)(c.5), (2)(g), (2)(h),26
	1186	+	(2)(i), (2)(m), (2)(n), (2)(p), and (2)(q) of this section;27
	1187	+	214
	1188	+	-37- (III) Will install heat pump technology and thermal energy1
	1189	+	networks in accordance with the national electric code and manufacturer's2
	1190	+	specifications;3
	1191	+	(III.5) HAVE RECEIVED TRAINING PURSUANT TO THE GUIDELINES4
	1192	+	ISSUED BY THE OFFICE PURSUANT TO SUBSECTION (7) OF THIS SECTION;5
	1193	+	(V) Will meet any additional standards established by the office6
	1194	+	in its guidelines. including, if applicable, the 2021 international energy7
	1195	+	conservation code.8
	1196	+	(d) (II) (A) The office shall annually PERIODICALLY examine a9
	1197	+	sample of the eligible taxpayers on the list described in this subsection (5)10
	1198	+	to substantiate that the eligible taxpayers are meeting the office's11
	1199	+	standards and properly claiming the credit allowed by this section. Every12
	1200	+	eligible taxpayer shall produce the books and records described in13
	1201	+	subsection (5)(d)(I) of this section for examination at any time by the14
	1202	+	office.15
	1203	+	16
	1204	+	SECTION 19. In Colorado Revised Statutes, 39-22-557, amend17
	1205	+	(2)(d) and (3)(c)(I) as follows:18
	1206	+	39-22-557. Clean hydrogen tax credit - qualified uses - tax19
	1207	+	preference performance statement - definitions - legislative20
	1208	+	declaration - repeal. (2) As used in this section, unless the context21
	1209	+	otherwise requires:22
	1210	+	(d) "Lifecycle greenhouse gas emissions rate" means lifecycle23
	1211	+	greenhouse gas emissions, as defined in 26 U.S.C. sec. 45V (c)(1)(A), as24
	1212	+	amended, measured in accordance with any applicable federal internal25
	1213	+	revenue service regulations or guidance, subject to the rules adopted by26
	1214	+	the public utilities commission pursuant to section 40-2-138 (3)(a)(I)27
	1215	+	214
	1216	+	-38- SECTION 40-2-138 (3)(a)(II).1
	1217	+	(3) (c) (I) For income tax years commencing on and after January2
	1218	+	1, 2024, but before January 1, 2026, and not before the public utilities3
	1219	+	commission adopts rules pursuant to section 40-2-138 (3)(a)(I), SECTION4
	1220	+	40-2-138 (3)(a)(II), the office shall not issue a tax credit certificate to a5
	1221	+	taxpayer indicating eligibility for a tax credit for an amount exceeding6
	1222	+	one million dollars in a tax year.7
	1223	+	SECTION 20. In Colorado Revised Statutes, 39-29-108, repeal8
	1224	+	(2)(e)(II), (2)(e)(III)(A), and (2)(e)(III)(C) as follows:9
	1225	+	39-29-108. Allocation of severance tax revenues - definitions10
	1226	+	- repeal. (2) (e) (II) The state treasurer shall credit a portion of the11
	1227	+	discrete increased amount of severance tax for oil and gas production in12
	1228	+	the amount attributable to administrative costs to the respective cash13
	1229	+	funds so that all administrative costs are repaid to the respective cash14
	1230	+	funds on or before July 1, 2025.15
	1231	+	(III) As used in this subsection (2)(e), unless the context otherwise16
	1232	+	requires:17
	1233	+	(A) "Administrative costs" means the amount of money expended18
	1234	+	from the respective cash funds by the Colorado energy office and the19
	1235	+	department of revenue for the administration and implementation of20
	1236	+	certain income tax credits and a temporary specific ownership tax rate21
	1237	+	reduction for electric medium-duty and heavy-duty trucks that are part of22
	1238	+	a fleet as provided for in sections 24-38.5-116 (6)(b)(II), 24-38.5-11823
	1239	+	(7)(d), 24-38.5-506 (2)(a)(II), and 25-7-1405 (2)(b).24
	1240	+	(C) "Respective cash funds" means the industrial and25
	1241	+	manufacturing operations clean air grant program cash fund created in26
	1242	+	section 24-38.5-116 (6), the geothermal energy grant fund created in27
	1243	+	214
	1244	+	-39- section 24-38.5-118 (7), the community access to electric bicycles cash1
	1245	+	fund created in section 24-38.5-506, or the electrifying school buses grant2
	1246	+	program cash fund created in section 25-7-1405.3
	1247	+	SECTION 21. In Colorado Revised Statutes, 24-38.5-115,4
	1248	+	amend (2)(a) and (5)(f) as follows:5
	1249	+	24-38.5-115. Sustainable rebuilding program - fund - creation6
	1250	+	- policies - report - definitions. (2) (a) The office shall, in consultation7
	1251	+	with the department of local affairs, establish the sustainable rebuilding8
	1252	+	program as a loan and grant program in accordance with the requirements9
	1253	+	of this section and the policies established by the office pursuant to10
	1254	+	subsection (4) of this section. The program may provide loans and grants11
	1255	+	from the fund to eligible homeowners and eligible businesses seeking12
	1256	+	assistance to rebuild high-efficiency homes and buildings after a disaster13
	1257	+	emergency declared by the governor pursuant to section 24-33.5-704 (4),14
	1258	+	WITH THE PROGRAM GIVING PRIORITY TO ELIGIBLE HOMEOWNERS AND15
	1259	+	ELIGIBLE BUSINESSES SEEKING ASSISTANCE TO REBUILD HIGH-EFFICIENCY16
	1260	+	HOMES AND BUILDINGS.17
	1261	+	(5) Loans and grants received from the program may be used:18
	1262	+	(f) For other similar uses as determined by the office, INCLUDING19
	1263	+	PROVIDING LOANS OR GRANTS PURSUANT TO SECTION 24-32-134 (5).20
	1264	+	SECTION 22. In Colorado Revised Statutes, 40-3.2-108, amend21
	1265	+	(10) introductory portion as follows:22
	1266	+	40-3.2-108. Clean heat targets - legislative declaration -23
	1267	+	definitions - plans - rules - reports. (10) No later than December 1,24
	1268	+	2024, DECEMBER 1, 2025, the commission, in consultation with the25
	1269	+	division, shall determine mass-based greenhouse gas emission reduction26
	1270	+	targets for clean heat plans for 2035. In establishing these targets, the27
	1271	+	214
	1272	+	-40- commission shall:1
	1273	+	SECTION 23. In Colorado Revised Statutes, add 40-3.2-110 as2
	1274	+	follows:3
	1275	+	40-3.2-110. Requirements related to heat pumps - definitions.4
	1276	+	(1) AS USED IN THIS SECTION, UNLESS THE CONTEXT OTHERWISE5
	1277	+	REQUIRES, "HEAT PUMP" MEANS AN ELECTRICALLY POWERED DEVICE THAT6
	1278	+	USES THE REFRIGERATION CYCLE TO TRANSFER THERMAL ENERGY FROM7
	1279	+	ONE LOCATION TO ANOTHER .8
	1280	+	(2) ON OR BEFORE AUGUST 1, 2027, AN INVESTOR-OWNED UTILITY9
	1281	+	THAT PROVIDES ELECTRIC OR THERMAL ENERGY SHALL, WITHIN A10
	1282	+	GENERAL RATE CASE REQUEST, SUBMIT TO THE COMMISSION A PROPOSAL11
	1283	+	FOR A VOLUNTARY RATE OR RATES FOR ENERGY SUPPLIED TO RESIDENTIAL12
	1284	+	CUSTOMERS WHO UTILIZE A HEAT PUMP AS THEIR PRIMARY HEATING13
	1285	+	SOURCE, WHICH VOLUNTARY RATE OR RATES :14
	1286	+	(a) MAY BE NEW RATES, NEW OR EXISTING RIDERS, OR15
	1287	+	INCORPORATED INTO AN EXISTING TIME -OF-USE RATE;16
	1288	+	(b) IF COST-JUSTIFIED, ARE DESIGNED TO LOWER THE AVERAGE17
	1289	+	MONTHLY ENERGY BILL OF RESIDENTIAL CUSTOMERS WHO UTILIZE A HEAT18
	1290	+	PUMP AS THEIR PRIMARY HEATING SOURCE ; AND19
	1291	+	(c) AVOID CROSS-SUBSIDIES FROM OTHER CUSTOMERS .20
	1292	+	SECTION 24. In Session Laws of Colorado 2023, section 4 of21
	1293	+	chapter 219, amend (1) as follows:22
	1294	+	Section 4. Appropriation. (1) For the 2023-24 state fiscal year,23
	1295	+	$370,140 is appropriated to the department of higher education. This24
	1296	+	appropriation is from the oil and gas conservation and environmental25
	1297	+	response fund created in section 34-60-122 (5)(a), C.R.S., and is based on26
	1298	+	an assumption that the department will require an additional 3.0 FTE. To27
	1299	+	214
	1300	+	-41- implement this act, the department may use this appropriation for the1
	1301	+	board of governors of the Colorado state university system for the biochar2
	1302	+	in oil and gas well plugging working advisory group. A
	1303	+	NY MONEY
	1304	+	3
	1305	+	APPROPRIATED IN THIS SECTION THAT IS NOT EXPENDED PRIOR TO JULY 1,4
	1306	+	2024,
	1307	+	IS FURTHER APPROPRIATED TO THE DEPARTMENT OF HIGHER
	1308	+	5
	1309	+	EDUCATION FOR THE 2024-25 STATE FISCAL YEAR FOR THE SAME PURPOSE.6
	1310	+	SECTION 25. Appropriation - adjustments to 2024 long bill.7
	1311	+	(1) To implement this act, cash funds appropriations from various8
	1312	+	sources of cash funds made in the annual general appropriation act for the9
	1313	+	2024-25 state fiscal year to the department of revenue are decreased as10
	1314	+	follows:11
	1315	+	Executive Director's Office, Administration and Support12
	1316	+	Personal services $424,00113
	1317	+	Operating expenses $64,77014
	1318	+	Taxation Business Group, Administration15
	1319	+	Tax administration IT system (GenTax) support$765,93416
	1320	+	Taxation Business Group, Taxation Services17
	1321	+	Personal services $470,94018
	1322	+	Operating expenses $36,92519
	1323	+	Document management $7,59020
	1324	+	(2) To implement this act, cash funds appropriations from the21
	1325	+	decarbonization tax credits administration cash fund created in section22
	1326	+	24-38.5-120 (2), C.R.S., made in the annual general appropriation act for23
	1327	+	the 2024-25 state fiscal year to the department of revenue are increased24
	1328	+	as follows:25
	1329	+	Executive Director's Office, Administration and Support26
	1330	+	Personal services $424,00127
	1331	+	214
	1332	+	-42- Operating expenses $64,7701
	1333	+	Taxation Business Group, Administration2
	1334	+	Tax administration IT system (GenTax) support$765,9343
	1335	+	Taxation Business Group, Taxation Services4
	1336	+	Personal services $470,9405
	1337	+	Operating expenses $36,9256
	1338	+	Document management $7,5907
	1339	+	SECTION 26. Appropriation. For the 2024-25 state fiscal year,8
	1340	+	$1,058,596 is appropriated to the office of the governor for use by the9
	1341	+	Colorado energy office. This appropriation consists of $100,000 from the10
	1342	+	general fund and $958,596 from the decarbonization tax credits11
	1343	+	administration cash fund created in section 24-38.5-120 (2), C.R.S., and12
	1344	+	is based on an assumption that the office will require an additional 3.113
	1345	+	FTE. To implement this act, the office may use this appropriation for14
	1346	+	program administration.15
	1347	+	SECTION 27. Safety clause. The general assembly finds,16
	1348	+	determines, and declares that this act is necessary for the immediate17
	1349	+	preservation of the public peace, health, or safety or for appropriations for18
	1350	+	the support and maintenance of the departments of the state and state19
	1351	+	institutions.20
	1352	+	214
	1353	+	-43-