SENATE BILL 24-214
BY SENATOR(S) Hansen and Cutter, Bridges, Buckner, Exum,
Jaquez Lewis, Michaelson Jenet, Priola;
also REPRESENTATIVE(S) Amabile and McCormick, Bird, Boesenecker,
Brown, Daugherty, DeGraaf, Epps, Froelich, Garcia, Herod, Jodeh, Kipp,
Lindsay, Lindstedt, Mabrey, Marvin, McLachlan, Ortiz, Parenti, Rutinel,
Snyder, Story, Titone, Valdez, Velasco, Vigil, Willford, Woodrow.
C
ONCERNING THE IMPLEMENTATION OF STATE CLIMATE GOALS , AND, IN
CONNECTION THEREWITH
, MAKING AND REDUCING AN
APPROPRIATION
.
Be it enacted by the General Assembly of the State of Colorado:
SECTION 1. In Colorado Revised Statutes, add part 23 to article
30 of title 24 as follows:
PART 23
OFFICE OF SUSTAINABILITY
24-30-2301. Legislative declaration. T
HE GENERAL ASSEMBLY
HEREBY FINDS AND DECLARES THAT
:
(1) T
HE STATE SHOULD BE A LEADER IN SUSTAINABILITY AND
NOTE: This bill has been prepared for the signatures of the appropriate legislative
officers and the Governor. To determine whether the Governor has signed the bill
or taken other action on it, please consult the legislative status sheet, the legislative
history, or the Session Laws.
________
Capital letters or bold & italic numbers indicate new material added to existing law; dashes
through words or numbers indicate deletions from existing law and such material is not part of
the act. SHOULD OFFER SUSTAINABLE PRACTICES TO STATE AGENCIES AS A CORE
ADMINISTRATIVE SERVICE
;
(2) R
EDUCING THE STATE 'S OPERATING AND ENERGY COSTS
SUPPORTS A VIBRANT AND DIVERSE ECONOMY AND SAVES TAXPAYERS
MONEY
;
(3) E
NSURING STATE COMPLIANCE WITH ENVIRONMENTAL
MANDATES IS CRITICAL TO THE FUTURE OF OUR STATE AND OUR NATION
;
(4) S
USTAINABLE STATE AGENCY OPERATIONS CONSERVE WATER
AND OFFSET THE ESTIMATED FUTURE WATER NEEDS OF UP TO SEVEN
HUNDRED FORTY THOUSAND ADDITIONAL ACRE FEET AS OUTLINED IN THE
2023 COLORADO WATER PLAN ADOPTED BY THE COLORADO WATER
CONSERVATION BOARD
; AND
(5) COORDINATING SUSTAINABLE PRACTICES IS BEST ACCOMPLISHED
THROUGH THE CREATION OF AN OFFICE FOCUSED ON THE STATE
'S
OPERATIONS
, CAPITAL CONSTRUCTION PROJECTS, AND PROCUREMENT.
24-30-2302. Definitions. A
S USED IN THIS PART 23, UNLESS THE
CONTEXT OTHERWISE REQUIRES
:
(1) "D
EPARTMENT" MEANS THE DEPARTMENT OF PERSONNEL .
(2) "E
LECTIVE PAY APPLICATION" MEANS ANY APPLICATION FOR
ELECTIVE PAY FUNDING AVAILABLE UNDER THE FEDERAL
"INFLATION
REDUCTION ACT OF 2022", PUB.L. 117-169, 136 STAT. 1818 (2022).
(3) "E
NVIRONMENTALLY PREFERABLE PRODUCTS OR SERVICES "
MEANS PRODUCTS OR SERVICES THAT CREATE FEWER OR LESS SEVERE
NEGATIVE IMPACTS ON THE NATURAL ENVIRONMENT WHEN COMPARED TO
SIMILAR PRODUCTS OR SERVICES
.
(4) "O
FFICE" MEANS THE OFFICE OF SUSTAINABILITY CREATED IN
SECTION
24-30-2303 (1).
(5) "S
TATE AGENCY" MEANS A PRINCIPAL DEPARTMENT AS DEFINED
IN SECTION
24-1-110 AND ANY DIVISION, OFFICE, BOARD, COMMISSION, OR
ENTERPRISE WITHIN A PRINCIPAL DEPARTMENT
; EXCEPT THAT "STATE
PAGE 2-SENATE BILL 24-214 AGENCY" DOES NOT INCLUDE AN INSTITUTION OF HIGHER EDUCATION AS
DEFINED IN SECTION
23-18-102 (7).
(6) "S
USTAINABILITY" MEANS THE MINIMIZATION OF NEGATIVE
IMPACTS ON THE NATURAL ENVIRONMENT
, WHICH INCLUDE BUT ARE NOT
LIMITED TO EMISSIONS OF GREENHOUSE GASES
, CLIMATE CHANGE ,
INCREASED WATER CONSUMPTION OR WATER WASTE , POLLUTION,
NONRENEWABLE ENERGY USAGE , AND OVER-CONSUMPTION OR WASTE OF
RESOURCES
.
(7) "S
USTAINABLE PRACTICE" MEANS A PRACTICE THAT INCREASES
SUSTAINABILITY BY REDUCING ONE OR MORE NEGATIVE IMPACTS ON THE
NATURAL ENVIRONMENT
.
24-30-2303. Office of sustainability - creation - duties. (1) T
HE
OFFICE OF SUSTAINABILITY IS HEREBY CREATED IN THE DEPARTMENT
. THE
OFFICE IS A TYPE
2 ENTITY, AS DEFINED IN SECTION 24-1-105, AND
EXERCISES ITS POWERS AND PERFORMS ITS DUTIES AND FUNCTIONS UNDER
THE DEPARTMENT
. THE OFFICE SHALL WORK WITH STATE AGENCIES TO
IMPLEMENT SUSTAINABLE PRACTICES
.
(2) T
HE POWERS, DUTIES, AND FUNCTIONS OF THE OFFICE INCLUDE:
(a) P
ROVIDING LEADERSHIP TO AND REQUIRING ACCOUNTABILITY
FROM STATE AGENCIES REGARDING ONGOING SUSTAINABILITY INITIATIVES
;
(b) D
EVELOPING BASELINE METRICS AND GOALS FOR THE REDUCTION
OF NEGATIVE ENVIRONMENTAL IMPACTS AND TRACKING STATE AGENCIES
'
PERFORMANCE TOWARD ACHIEVING THOSE GOALS ;
(c) T
RACKING THE AMOUNT OF MONEY THE STATE SAVES AS A
RESULT OF IMPLEMENTING SUSTAINABLE PRACTICES
;
(d) S
EEKING AND APPLYING FOR FEDERAL FUNDING AND OTHER
GRANT OPPORTUNITIES THAT WOULD SUPPORT STATE AGENCIES
'
SUSTAINABLE PRACTICES;
(e) A
SSISTING STATE AGENCIES IN IMPLEMENTING SUSTAINABLE
PROCUREMENT METHODS AND INTRODUCING OPTIONS FOR
ENVIRONMENTALLY PREFERABLE PRODUCTS OR SERVICES TO STATE
PAGE 3-SENATE BILL 24-214 AGENCIES;
(f) A
SSISTING STATE AGENCIES IN INSTALLING ENERGY -EFFICIENT
EQUIPMENT AND FIXTURES
;
(g) A
SSISTING STATE AGENCIES IN MEETING BUILDING PERFORMANCE
STANDARDS SUCH AS THOSE ADMINISTERED BY THE
COLORADO ENERGY
OFFICE
;
(h) C
OORDINATING AND ASSISTING IN PLANNING AND CONSTRUCTING
STATE AGENCIES
' ELECTRIC VEHICLE CHARGING INFRASTRUCTURE AND
ENSURING UTILIZATION OF SUCH INFRASTRUCTURE
;
(i) I
NSTITUTING WATER REDUCTION INITIATIVES FOR STATE
AGENCIES
, INCLUDING BUT NOT LIMITED TO:
(I) T
HE INSTALLATION OF WATER -CONSERVING FIXTURES AND
WATER
-WISE PLANTS ON STATE PROPERTY;
(II) T
HE CONVERSION OF NONNATIVE GRASSES TO XERISCAPE IN
ACCORDANCE WITH THE PRINCIPLES OF WATER
-WISE LANDSCAPING, WITH AN
EMPHASIS ON NATIVE PLANTS
, SET FORTH IN SECTION 37-60-135 (2)(l); AND
(III) THE REDUCTION OF NONFUNCTIONAL TURF AND
ENCOURAGEMENT OF WATER
-EFFICIENT SUSTAINABLE LANDSCAPING
PRACTICES AT STATE FACILITIES
;
(j) A
SSISTING STATE AGENCIES IN TRANSITIONING FROM
GAS
-POWERED TO ELECTRIC EQUIPMENT ;
(k) I
MPLEMENTING STATEWIDE WASTE DIVERSION PRACTICES TO
INCREASE STATE AGENCIES
' RECYCLING RATES;
(l) D
EVELOPING COMMUTING OPPORTUNITIES FOR STATE EMPLOYEES
THAT REDUCE GREENHOUSE GAS EMISSIONS AND OTHER POLLUTION
;
(m) A
SSISTING STATE AGENCIES IN DEVELOPING TRAINING
PROGRAMS TO EDUCATE STATE EMPL OYEES ON SUSTAINABLE PRACTICES
;
AND
PAGE 4-SENATE BILL 24-214 (n) CONDUCTING OTHER ACTIVITIES AS DIRECTED BY THE GENERAL
ASSEMBLY OR THE GOVERNOR
.
24-30-2304. Revolving fund - definition. (1) T
HE STATE AGENCY
SUSTAINABILITY REVOLVING FUND
, REFERRED TO IN THIS SECTION AS THE
"FUND", IS CREATED IN THE STATE TREASURY . THE FUND CONSISTS OF
MONEY TRANSFERRED TO THE FUND PURSUANT TO SUBSECTION
(2) OF THIS
SECTION AND ANY OTHER MONEY THAT THE GENERAL ASSEMBLY MAY
APPROPRIATE OR TRANSFER TO THE FUND
.
(2) O
N JULY 1, 2024, AND ON JULY 1 EACH YEAR THEREAFTER, THE
STATE TREASURER SHALL TRANSFER FOUR HUNDRED THOUSAND DOLLARS
FROM THE GENERAL FUND TO THE FUND
. THE OFFICE SHALL ALLOCATE THE
MONEY IN THE FUND TO ASSIST IN REPLACING THE STATE
'S GAS AND
DIESEL
-POWERED EQUIPMENT THAT IS LOCATED IN OZONE NONATTAINMENT
AREAS AS DESIGNATED BY THE
U.S. ENVIRONMENTAL PROTECTION AGENCY
WITH EQUIVALENT ELECTRIC EQUIPMENT
, AND TO OPERATE THE OFFICE IN
ACCORDANCE WITH THIS PART
23.
(3) T
HE STATE TREASURER SHALL CREDIT ALL INTEREST AND INCOME
DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE FUND TO
THE FUND
. ANY UNEXPENDED AND UNENCUMBERED MONEY REMAINING IN
THE FUND AT THE END OF A FISCAL YEAR SHALL REMAIN IN THE FUND
.
(4) M
ONEY IN THE FUND IS CONTINUOUSLY APPROPRIATED TO THE
DEPARTMENT TO BE USED FOR THE PURPOSES SPECIFIED IN SUBSECTION
(2)
OF THIS SECTION.
(5) T
HE DEPARTMENT MAY SOLICIT , ACCEPT, AND EXPEND GIFTS,
GRANTS, AND DONATIONS FOR THE PURPOSES OF THIS PART 23. THE
DEPARTMENT SHALL CREDIT ANY GIFTS
, GRANTS, AND DONATIONS TO THE
FUND
.
24-30-2305. Inflation reduction act elective pay - central
submission of applications - cash fund - definition. (1) I
N ADDITION TO
THE POWERS
, DUTIES, AND FUNCTIONS OF THE OFFICE SPECIFIED IN SECTION
24-30-2303, THE OFFICE SHALL REVIEW AND COORDINATE STATE AGENCIES '
ELECTIVE PAY APPLICATIONS AND WORK WITH THE OFFICE OF THE STATE
CONTROLLER TO COORDINATE CENTRAL SUBMISSIONS OF ELECTIVE PAY
APPLICATIONS
. THE OFFICE SHALL ADVISE AND PROVIDE TECHNICAL
PAGE 5-SENATE BILL 24-214 ASSISTANCE TO STATE AGENCIES ON ALL ASPECTS OF ELECTIVE PAY TO THE
EXTENT FEASIBLE
. STATE AGENCIES SHALL SUBMIT ELECTIVE PAY
APPLICATIONS DIRECTLY TO THE OFFICE OF THE STATE CONTROLLER
.
(2) (a) T
HE INFLATION REDUCTION ACT ELECTIVE PAY CASH FUND ,
REFERRED TO IN THIS SECTION AS THE "CASH FUND", IS CREATED IN THE
STATE TREASURY
. THE CASH FUND CONSISTS OF MONEY RECEIVED BY THE
STATE OR STATE AGENCIES PURSUANT TO THE ELECTIVE PAY PROVISIONS OF
THE FEDERAL
"INFLATION REDUCTION ACT OF 2022", PUB.L. 117-169, 136
S
TAT. 1818 (2022), ALL OF WHICH MUST BE DEPOSITED INTO THE CASH FUND,
AND ANY OTHER MONEY THAT THE GENERAL ASSEMBLY MAY APPROPRIATE
OR TRANSFER TO THE CASH FUND
.
(b) T
HE STATE TREASURER SHALL CREDIT ALL INTEREST AND INCOME
DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE CASH FUND
TO THE CASH FUND
. ANY UNEXPENDED AND UNENCUMBERED MONEY
REMAINING IN THE CASH FUND AT THE END OF A FISCAL YEAR SHALL REMAIN
IN THE CASH FUND
.
(c) M
ONEY IN THE CASH FUND IS CONTINUOUSLY APPROPRIATED TO
THE DEPARTMENT TO BE USED FOR THE PURPOSES SPECIFIED IN THIS PART
23.
(3) T
HE DEPARTMENT MAY SOLICIT , ACCEPT, AND EXPEND GIFTS,
GRANTS, AND DONATIONS FOR THE PURPOSES SPECIFIED IN THIS PART 23. THE
DEPARTMENT SHALL CREDIT ANY GIFTS
, GRANTS, AND DONATIONS TO THE
CASH FUND
.
SECTION 2. In Colorado Revised Statutes, 24-1-128, add (9) as
follows:
24-1-128. Department of personnel - creation. (9) T
HE OFFICE OF
SUSTAINABILITY IS CREATED IN SECTION
24-30-2303. THE OFFICE IS A TYPE
2 ENTITY, AS DEFINED IN SECTION 24-1-105, AND EXERCISES ITS POWERS AND
PERFORMS ITS DUTIES AND FUNCTIONS UNDER THE DEPARTMENT OF
PERSONNEL
.
SECTION 3. In Colorado Revised Statutes, add article 7.7 to title
6 as follows:
ARTICLE 7.7
Standards for Construction Projects
PAGE 6-SENATE BILL 24-214 that Receive State Financial Assistance
6-7.7-101. Legislative declaration. (1) T
HE GENERAL ASSEMBLY
FINDS THAT
:
(a) A
PPLIANCES CERTIFIED BY THE ENERGY STAR PROGRAM MEET
STRICT ENERGY EFFICIENCY AND PERFORMANCE GUIDELINES SET BY THE
FEDERAL ENVIRONMENTAL PROTECTION AGENCY AND THE
UNITED STATES
DEPARTMENT OF ENERGY AND CAN SAVE AN ESTIMATED TWENTY TO THIRTY
PERCENT MORE ENERGY THAN APPLIANCES THAT ARE NOT CERTIFIED BY THE
ENERGY STAR PROGRAM;
(b) N
EW BUILDING CONSTRUCTION PROJECTS THAT USE TAXPAYER
DOLLARS TO PURCHASE EQUIPMENT SHOULD ENSURE THAT THE EQUIPMENT
HAS LOWER LIFETIME COSTS TO OPERATE AND MAINTAIN
;
(c) M
ANY PROJECTS THAT RECEIVE STATE FINANCIAL ASSISTANCE
AIM TO ASSIST VULNERABLE LOWER
-INCOME HOUSEHOLDS, AND INSTALLING
APPLIANCES CERTIFIED BY THE
ENERGY STAR PROGRAM COULD LOWER THE
COSTS OF THE ENERGY BILLS OF THESE HOUSEHOLDS OVER TIME
; AND
(d) SAVING ENERGY IS CRUCIAL IN:
(I) A
VOIDING THE MOST SERIOUS EFFECTS OF CLIMATE CHANGE AND
PRESERVING
COLORADO'S WAY OF LIFE, THE HEALTH OF COMMUNITIES, AND
THE NATURAL ENVIRONMENT
;
(II) A
CHIEVING THE STATEWIDE GREENHOUSE GAS EMISSION
REDUCTION GOALS
; AND
(III) REDUCING COSTS FOR COLORADANS.
(2) T
HE GENERAL ASSEMBLY THEREFORE DETERMINES AND
DECLARES THAT IT IS IN THE PUBLIC INTEREST OF THE HEALTH AND
ENVIRONMENT OF THE STATE TO REQUIRE THAT NEW BUILDING
CONSTRUCTION PROJECTS THAT RECEIVE STATE FINANCIAL ASSISTANCE USE
COVERED ENERGY
-CONSUMING PRODUCTS THAT ARE CERTIFIED BY THE
ENERGY STAR PROGRAM.
6-7.7-102. Definitions. A
S USED IN THIS ARTICLE 7.7, UNLESS THE
PAGE 7-SENATE BILL 24-214 CONTEXT OTHERWISE REQUIRES :
(1) "C
OVERED ENERGY -CONSUMING PRODUCT " MEANS AN
APPLIANCE
, DEVICE, OR PIECE OF EQUIPMENT THAT IS:
(a) P
OWERED BY ELECTRICITY OR FUEL;
(b) D
ESIGNED TO PERFORM ONE OR MORE SPECIFIC TASKS INSIDE A
RESIDENTIAL OR COMMERCIAL BUILDING
, SUCH AS COOKING, WASHING,
DRYING, HEATING, COOLING, PROVIDING DOMESTIC HOT WATER , PRINTING,
OR DIGITAL ENTERTAINMENT; AND
(c) COVERED WITHIN THE SCOPE OF THE ENERGY STAR PROGRAM.
(2) "E
NERGY STAR PROGRAM" MEANS THE FEDERAL PROGRAM
AUTHORIZED BY
42 U.S.C. SEC. 6294a, AS AMENDED.
(3) "S
OCIAL COST OF CARBON" MEANS THE SOCIAL COST OF CARBON
DIOXIDE EMISSIONS DEVELOPED BY THE PUBLIC UTILITIES COMMISSION
PURSUANT TO SECTION
40-3.2-106.
(4) "S
TATE FINANCIAL ASSISTANCE" MEANS ALLOCATIONS FROM THE
GENERAL FUND OR OTHER LEGISLATIVE ALLOCATIONS
, STATE TAXPAYER
FUNDS
, REBATES, GRANTS, OR LOANS PROVIDED OR ADMINISTERED BY THE
STATE
.
6-7.7-103. Energy-efficiency standards for certain building
construction projects that receive state financial assistance - record
retention requirements - waivers - exemptions - standardized resources
- enforcement - civil penalties. (1) O
N AND AFTER JANUARY 1, 2025,
EXCEPT AS SET FORTH IN SUBSECTION (3) OR (4) OF THIS SECTION, RECIPIENTS
OF STATE FINANCIAL ASSISTANCE FOR NEW BUILDING CONSTRUCTION
PROJECTS THAT INCLUDE THE SPECIFICATION
, PROVISION, OR PURCHASE OF
COVERED ENERGY
-CONSUMING PRODUCTS SHALL USE COVERED
ENERGY
-CONSUMING PRODUCTS CERTIFIED BY THE ENERGY STAR PROGRAM.
(2) O
N AND AFTER JANUARY 1, 2025, A STATE AGENCY THAT
PROVIDES OR ADMINISTERS STATE FINANCIAL ASSISTANCE FOR A NEW
BUILDING CONSTRUCTION PROJECT SHALL
:
PAGE 8-SENATE BILL 24-214 (a) INCLUDE THE REQUIREMENTS OF SUBSECTION (1) OF THIS SECTION
IN THE STATE AGENCY
'S CRITERIA OR GUIDANCE FOR APPLYING FOR OR
RECEIVING STATE FINANCIAL ASSISTANCE FOR NEW BUILDING CONSTRUCTION
PROJECTS
;
(b) R
EQUEST AN ATTESTATION SIGNED BY A RECIPIENT OF STATE
FINANCIAL ASSISTANCE FOR NEW BUILDING CONSTRUCTION PROJECTS THAT
DECLARES THAT
:
(I) T
HE REQUIREMENTS OF SUBSECTION (1) OF THIS SECTION HAVE
BEEN OR WILL BE FOLLOWED
; OR
(II) THE RECIPIENT OF THE STATE FINANCIAL ASSISTANCE IS
REQUESTING A WAIVER PURSUANT TO SUBSECTION
(3) OF THIS SECTION; AND
(c) RESPOND TO WAIVER REQUESTS RECEIVED PURSUANT TO
SUBSECTION
(3) OF THIS SECTION.
(3) A
STATE AGENCY THAT PROVIDES OR ADMINISTERS STATE
FINANCIAL ASSISTANCE FOR NEW BUILDING CONSTRUCTION PROJECTS MAY
ISSUE A STANDARDIZED WAIVER FROM THE REQUIREMENTS OF SUBSECTION
(1) OF THIS SECTION FOR A NEW BUILDING CONSTRUCTION PROJECT IF THE
RECIPIENT DEMONSTRATES
, THROUGH EVIDENCE AND ATTESTATION FROM A
LICENSED PROFESSIONAL ENGINEER OR DESIGN PROFESSIONAL
, THAT:
(a) N
O COVERED ENERGY-CONSUMING PRODUCT CERTIFIED BY THE
ENERGY STAR PROGRAM AND THAT MEETS THE FUNCTI ONAL REQUIREMENTS
OF THE PROJECT IS REASONABLY AVAILABLE TO THE APPLICANT
; OR
(b) TAKING ENERGY COST SAVINGS AND THE SOCIAL COST OF
CARBON INTO ACCOUNT
, NO COVERED ENERGY -CONSUMING PRODUCT
CERTIFIED BY THE
ENERGY STAR PROGRAM IS COST-EFFECTIVE OVER THE
LIFE OF THE PRODUCT
.
(4) T
HE FOLLOWING NEW BUILDING CONSTRUCTION PROJECTS ARE
EXEMPT FROM THE REQUIREMENTS OF THIS SECTION
:
(a) P
ROJECTS THAT HAVE PASSED THE DESIGN PHASE BEFORE
JANUARY 1, 2025, AND WOULD REQUIRE SIGNIFICANT REDESIGN TO INCLUDE
A COVERED ENERGY
-CONSUMING PRODUCT CERTIFIED BY THE ENERGY STAR
PAGE 9-SENATE BILL 24-214 PROGRAM; AND
(b) PROJECTS THAT HAVE RECEIVED A PERMIT FROM A LOCAL
GOVERNMENT FOR THE USE OF A COVERED ENERGY
-CONSUMING PRODUCT
BEFORE
JANUARY 1, 2025.
(5) I
F THE ATTORNEY GENERAL , BY A PREPONDERANCE OF THE
EVIDENCE
, BELIEVES THAT A PERSON HAS VIOLATED OR CAUSED ANOTHER
PERSON TO VIOLATE SUBSECTION
(1) OF THIS SECTION, THE ATTORNEY
GENERAL MAY BRING A CIVIL ACTION ON BEHALF OF THE STATE TO SEEK THE
ASSESSMENT OF A CIVIL PENALTY OF UP TO THE TOTAL AMOUNT OF STATE
FINANCIAL ASSISTANCE RECEIVED BY THE VIOLATOR ON OR AFTER
JANUARY
1, 2025, WHICH AMOUNT MUST BE TRANSMI TTED TO THE STATE TREASURER ,
WHO SHALL CREDIT THE AMOUNT TO THE ENERGY FUND CREATED IN SECTION
24-38.5-102.4 (1)(a)(I).
SECTION 4. In Colorado Revised Statutes, 6-7.5-105, amend
(5)(j) as follows:
6-7.5-105. Standards - effective dates - repeal. (5) On and after
January 1, 2026, a person shall not sell, offer to sell, lease, or offer to lease
any of the following new products in Colorado unless the efficiency of the
new product meets or exceeds the following efficiency standards, as
applicable:
(j) (I) E
XCEPT AS OTHERWISE PROVIDED IN SUBSECTION (5)(j)(II) OF
THIS SECTION
, residential windows, residential doors, and residential
skylights included in the scope of the Energy Star program product
specification for residential windows, doors, and skylights must satisfy the
northern climate zone qualification criteria of that specification; except that
residential windows and doors that are custom designed for a historically
designated building and required in order to maintain the historic nature or
character of such a building are not required to satisfy such criteria.
(II) T
HE EXECUTIVE DIRECTOR MAY CONSULT WITH THE COLORADO
ENERGY OFFICE TO EVALUATE THE STANDARD SET FORTH IN SUBSECTION
(5)(j)(I) OF THIS SECTION FOR RESIDENTIAL WINDOWS, RESIDENTIAL DOORS,
AND RESIDENTIAL SKYLIGHTS. IF THE EXECUTIVE DIRECTOR DETERMINES
THAT THE STANDARD CANNOT REASONABLY BE MET BY M ANUFACTURERS OF
RESIDENTIAL WINDOWS
, RESIDENTIAL DOORS, AND RESIDENTIAL SKYLIGHTS,
PAGE 10-SENATE BILL 24-214 THEN THE EXECUTIVE DIRECTOR SHALL SET AN ALTERNATIVE STANDARD
WHICH MAY BE APPLIED INSTEAD OF THE STANDARD SET FORTH IN
SUBSECTION
(5)(j)(I) OF THIS SECTION AND THE EXECUTIVE DIRECTOR SHALL
DISPLAY THE ALTERNATIVE STANDARD ON THE PUBLIC WEBSITE OF THE
COLORADO DEPARTMENT OF PUBLIC HEALTH AND ENVIRONMENT NO LATER
THAN
JUNE 1, 2025. WHEN DECIDING WHETHER THE STANDARD SET FORTH
IN SUBSECTION
(5)(j)(I) OF THIS SECTION CAN REASONABLY BE MET , THE
EXECUTIVE DIRECTOR SHALL TAKE INTO ACCOUNT THE FOLLOWING FACTORS
:
(A) I
MPACTS ON NET CONSUMER COSTS ; AND
(B) SUPPLY CHAIN CONSTRAINTS.
SECTION 5. In Colorado Revised Statutes, 24-38.5-116, amend
(6)(b)(II) as follows:
24-38.5-116. Industrial and manufacturing operations clean air
grant program - creation - eligibility - fund created - gifts, grants, or
donations - transfer - legislative declaration - definitions - reporting -
repeal. (6) (b) (II) For state fiscal years 2023-24 and 2024-25, the office
and, subject to annual appropriation, the department of revenue may expend
money from the fund for the administration and implementation of the
industrial clean energy tax credit created in section 39-22-551 and the tax
credit for sustainable aviation fuel production facility created in section
39-22-556. The office shall keep an accounting of all money expended from
the fund pursuant to this subsection (6)(b)(II) for purposes of calculating the
repayment of the administrative costs required by section 39-29-108
(2)(e)(II) SECTION 24-38.5-120 (3).
SECTION 6. In Colorado Revised Statutes, 24-38.5-118, amend
(3)(b), (4)(a) introductory portion, (4)(b)(I), (7)(d), and (8)(b); repeal
(4)(a)(I); and add (8)(d) as follows:
24-38.5-118. Geothermal energy grant program - creation -
procedures - fund - report - definitions - legislative declaration - repeal.
(3) Creation of grant program. There is hereby created within the office
the geothermal energy grant program to provide grants to building owners,
developers, local governments, geothermal installers, contractors,
communities, gas or electric service public utilities, or other entities
approved by the office for:
PAGE 11-SENATE BILL 24-214 (b) The installation of geothermal equipment for use as the primary
heating or HEATING-ONLY OR COMBINED HEATING AND cooling systems in
new construction or to retrofit existing buildings; or
(4) Grants - limitations - qualifications. The grant program
consists of three types of grants:
(a) The single-structure geothermal grant, which is awarded to
applicants that are constructing a new building or retrofitting an existing
building, including a single-family or multifamily residence, and installing
a geothermal system for use as the primary
HEATING-ONLY OR COMBINED
heating and cooling system for the building. A single-structure geothermal
grant is subject to the following limitations and qualifications:
(I) A developer or geothermal installer is eligible for grants for the
construction or retrofitting of no more than one hundred residential
buildings;
(b) The community district heating grant, which is awarded to
support ground-source, water-source, or multisource thermal systems that
serve more than a single building. Applicants may apply for grants for a
scoping study, a detailed design study, projects, or a combination of these
options. Teams consisting of building owners, geothermal installers, public
utilities, political subdivisions of Colorado, consultants, developers, or other
entities approved by the office are eligible to submit a proposal for a
scoping study or a detailed design study. To qualify for a grant for the
project, an applicant must successfully complete a study and show proof of
a viable project. A community district heating grant is subject to the
following limitations and qualifications:
(I) Up to one hundred thousand dollars per project to conduct a
scoping study to determine if a community thermal system would help
lower greenhouse gas emissions and provide a reasonable-cost approach to
PRIMARY HEATING-ONLY OR COMBINED heating and cooling a group of
buildings;
(7) Fund. (d) For state fiscal years 2023-24 and 2024-25, the office
and, subject to annual appropriation, the department of revenue may expend
money in the fund for the administration and implementation of the tax
credit for expenditures made in connection with a geothermal energy project
PAGE 12-SENATE BILL 24-214 created in section 39-22-552, the geothermal electricity generation
production tax credit created in section 39-22-553, and the heat pump
technology and thermal energy network tax credit created in section
39-22-554. The office shall keep an accounting of all money expended from
the fund pursuant to this subsection (7)(d) for purposes of calculating the
repayment of the administrative costs required by section 39-29-108
(2)(e)(II) SECTION 24-38.5-120 (3).
(8) (b) The office shall award grants from the fund in accordance
with the following parameters: THE OFFICE SHALL AWARD AT LEAST
TWENTY
-FIVE PERCENT OF THE GRANT MONEY AWARDED FOR
SINGLE
-STRUCTURE GEOTHERMAL GRANTS TO ELIGIBLE ENTITIES FROM OR
PROJECTS IN LOW
-INCOME, DISPROPORTIONATELY IMPACTED , OR JUST
TRANSITION COMMUNITIES
.
(I) Up to forty percent of the total money in the fund may be
awarded through grants to support the development of geothermal
electricity generation and resource development, which may include
hydrogen generation produced from geothermal energy;
(II) Up to eighty percent of the total money in the fund may be
awarded as single-structure geothermal grants, and one-fourth of the grant
money awarded under this subsection (8)(b)(II) must be awarded to eligible
entities from or projects in low-income, disproportionately impacted, or just
transition communities, as those communities are defined by the office; and
(III) Up to twenty-five percent of the total money in the fund may
be awarded as community district heating grants, which may include:
(A) Single-owner campuses;
(B) Medical campuses;
(C) Residential campuses;
(D) Multi-owner nodes; and
(E) Public or private college or university campuses.
(d) THE OFFICE MAY USE GRANT PROGRAM MONEY TO SUPPORT
EDUCATION
, OUTREACH, AND ENGAGEMENT WITH THE GENERAL PUBLIC AND
PAGE 13-SENATE BILL 24-214 RELEVANT STAKEHOLDERS TO FACILITATE THE GROWTH OF THE
GEOTHERMAL SECTOR IN
COLORADO.
SECTION 7. In Colorado Revised Statutes, 24-38.5-120, amend
(3) and (4) as follows:
24-38.5-120. Decarbonization tax credits administration cash
fund - definitions - repeal. (3) (a) Subject to annual appropriation by the
general assembly, for state fiscal years 2023-24 through 2034-35, the office
and the department may expend money from the fund for direct and indirect
costs associated with the implementation and administration of the
decarbonization tax credits.
(b) (I) M
ONEY IN THE FUND MAY ALSO BE USED TO REPAY
ADMINISTRATIVE COSTS TO THE RESPECTIVE CASH FUNDS
. THE STATE
TREASURER SHALL TRANSFER MONEY FROM THE FUND IN THE AMOUNT
ATTRIBUTABLE TO ADMINISTRATIVE COSTS TO THE RESPECTIVE CASH FUNDS
SO THAT ALL ADMINISTRATIVE COSTS ARE REPAID TO THE RESPECTIVE CASH
FUNDS ON OR BEFORE
JUNE 29, 2024.
(II) A
S USED IN THIS SUBSECTION (3)(b), UNLESS THE CONTEXT
OTHERWISE REQUIRES
:
(A) "A
DMINISTRATIVE COSTS" MEANS THE AMOUNT OF MONEY
EXPENDED FROM THE RESPECTIVE CASH FUNDS BY THE OFFICE AND THE
DEPARTMENT FOR THE ADMINISTRATION AND IMPLEMENTATION OF CERTAIN
INCOME TAX CREDITS
, AS PROVIDED FOR IN SECTIONS 24-38.5-116 (6)(b)(II),
24-38.5-118 (7)(d), 24-38.5-506 (2)(b),
AND OF THE TEMPORARY SPECIFIC
OWNERSHIP TAX RATE REDUCTION FOR ELECTRIC MEDIUM
-DUTY AND
HEAVY
-DUTY TRUCKS THAT ARE PART OF A FLEET AS PROVIDED FOR IN
SECTION
25-7-1405(2)(b).
(B) "R
ESPECTIVE CASH FUNDS" MEANS THE INDUSTRIAL AND
MANUFACTURING OPERATIONS CLEAN AIR GRANT PROGRAM CASH FUND
CREATED IN SECTION
24-38.5-116 (6), THE GEOTHERMAL ENERGY GRANT
FUND CREATED IN SECTION
24-38.5-118 (7), THE COMMUNITY ACCESS TO
ELECTRIC BICYCLES CASH FUND CREATED IN SECTION
24-38.5-506, AND THE
ELECTRIFYING SCHOOL BUSES GRANT PROGRAM CASH FUND CREATED IN
SECTION
25-7-1405.
PAGE 14-SENATE BILL 24-214 (4) The state treasurer shall transfer all unexpended and
unencumbered money in the fund on June 30, 2024, June 30, 2025, and
June 30, 2026, to the general fund; except that the balance of money
remaining in the fund not including expended and encumbered money shall
not be less than one hundred thousand
THREE HUNDRED THOUSAND dollars.
SECTION 8. In Colorado Revised Statutes, 24-38.5-401, amend
(6)(a), (6)(b)(I), (7), and (8)(b); and repeal (8)(c) as follows:
24-38.5-401. Energy code board - appointment - creation - duties
- definitions - repeal. (6) (a) Duty of the energy code board to adopt a
model low energy and carbon code. It is the duty of the energy code board
to develop a model low energy and carbon code on or before June 1, 2025
SEPTEMBER 1, 2025, for adoption by counties, municipalities, and state
agencies.
(b) The model low energy and carbon code developed by the energy
code board must apply to commercial and residential buildings and must:
(I) Include the more energy efficient of either the 2021 or 2024
international energy conservation code, except as the energy code board
may modify those international energy conservation codes pursuant to
subsection (7) of this section, including any appendices
AND RESOURCES to
the international energy conservation code that the energy code board
deems appropriate;
(7) Option to relax international energy conservation code
appendices and resources. The energy code board may as necessary relax
the stringency of any requirements in the international energy conservation
code, including appendices
AND RESOURCES that it adopts as part of the
model low energy and carbon code language it develops pursuant to
subsection (5)
SUBSECTION (6) of this section if it deems that doing so is
appropriate, but the energy code board shall not increase the stringency of
any requirements in the international energy conservation code including
appendices
AND RESOURCES that it adopts as part of the model low energy
and carbon code language it develops pursuant to subsection (5)
SUBSECTION (6) of this section.
(8) (b) If two-thirds of the energy code board fail, on or before April
1, 2023, to adopt any element of the model electric ready and solar ready
PAGE 15-SENATE BILL 24-214 code required by subsection (5) of this section, the executive committee
shall vote on that same element on or before May 15, 2023. If two-thirds of
the energy code board fail, on or before February 1, 2025
JUNE 1, 2025, to
adopt an element of the model low energy and carbon required by
subsection (6) of this section, the executive committee shall vote on that
same element on or before March 15, 2025
AUGUST 1, 2025.
(c) If the energy code board fails, on or before April 1, 2023, to
adopt any element of the model electric ready and solar ready code required
by subsection (5) of this section, the executive committee shall vote on that
same element on or before May 15, 2023. If the energy code board fails, on
or before February 1, 2025, to adopt an element of the model low energy
and carbon code required by subsection (6) of this section, the executive
committee shall vote on that same element on or before March 15, 2025.
SECTION 9. In Colorado Revised Statutes, 24-38.5-403, amend
(3)(a)(I) and (3)(c) as follows:
24-38.5-403. Energy code training - energy code adoption - grant
writing assistance. (3) (a) Within three days after June 2, 2022, the state
treasurer shall transfer three million dollars from the general fund to the
energy fund created in section 24-38.5-102.4. The Colorado energy office
shall expend the money transferred by the general assembly pursuant to this
subsection (3)(a) for the purposes of:
(I) Issuing grants, not to exceed a total of two million
ONE MILLION
EIGHT HUNDRED SEVENTY
-FIVE THOUSAND dollars, to local governments to
support their adoption and enforcement of the 2021 international energy
conservation code, an electric ready and solar ready code, and a low energy
and carbon code and to cover the direct and indirect costs associated with
issuing these grants; and
(c) Within three days after June 2, 2022, the state treasurer shall
transfer one hundred and fifty thousand
TWO HUNDRED SEVENTY -FIVE
THOUSAND
dollars from the general fund to the energy fund created in
section 24-38.5-102.4. The Colorado energy office shall expend the money
transferred by the general assembly pursuant to this subsection (3)(c) for the
costs associated with administering the energy code board established in
section 24-38.5-401 (2).
PAGE 16-SENATE BILL 24-214 SECTION 10. In Colorado Revised Statutes, 24-38.5-405, amend
(3)(a) as follows:
24-38.5-405. High-efficiency electric heating and appliances
grant program - creation - report - legislative declaration - repeal.
(3) Grantees may use the money received through the high-efficiency
electric heating and appliances grant program for the following purposes:
(a) The purchase and installation of high-efficiency electric
equipment for
DRYING CLOTHES, space heating, water heating, or
cooking
in multiple residential or commercial buildings located in close proximity,
OR FOR OTHER ELECTRIC EQUIPMENT AS DETERMINED BY THE COLORADO
ENERGY OFFICE
;
SECTION 11. In Colorado Revised Statutes, 24-38.5-506, amend
(2)(b) as follows:
24-38.5-506. Community access to electric bicycles cash fund -
creation - gifts, grants, or donations - transfer. (2) (b) For state fiscal
years 2023-24 and 2024-25, the office and, subject to annual appropriation,
the department of revenue may expend money in the fund for the
administration and implementation of the electric bicycle tax credit created
in section 39-22-555. The office shall keep an accounting of all money
expended from the fund pursuant to this subsection (2)(b) for purposes of
calculating the repayment of the administrative costs required by section
39-29-108(2)(e)(II) SECTION 24-38.5-120 (3).
SECTION 12. In Colorado Revised Statutes, 25-7-1405, amend
(2)(b) as follows:
25-7-1405. Electrifying school buses grant program cash fund
- creation - gifts, grants, and donations - transfer. (2) (b) For state fiscal
years 2023-24 and 2024-25, and subject to annual appropriation, the
Colorado energy office, created in section 24-38.5-101, and the department
of revenue may expend money from the fund for the administration and
implementation of the innovative motor vehicles and innovative trucks tax
credits created in sections 39-22-516.7 and 39-22-516.8 and for the specific
ownership tax rate reduction for electric medium-duty and heavy-duty
trucks that are part of a fleet as set forth in section 42-3-107(1)(a)(IV). The
office shall keep an accounting of all money expended from the fund
PAGE 17-SENATE BILL 24-214 pursuant to this subsection (2)(b) for purposes of calculating the repayment
of the administrative costs required by section 39-29-108(2)(e)(II) SECTION
24-38.5-120 (3).
SECTION 13. In Colorado Revised Statutes, add part 16 to article
7 of title 25 as follows:
PART 16
AFFORDABLE APPLIANCES FOR A HEALTHY COMMUNITY
25-7-1601. Legislative declaration. (1) T
HE GENERAL ASSEMBLY
FINDS AND DETERMINES THAT
:
(a) R
ISING TEMPERATURES ARE INCREASING THE DEMAND FOR AIR
CONDITIONERS
;
(b) C
OMMON TYPES OF AIR CONDITIONERS CAN ALSO PROVIDE
WINTER HEATING IF THEY ARE CONFIGURED AS HEAT PUMPS
, WHICH ARE A
MORE ENVIRONMENTALLY FRIENDLY OPTION THAN OTHER TYPES OF
HEATING
, VENTILATION, AND AIR CONDITIONING SYSTEMS;
(c) T
HE "INFLATION REDUCTION ACT OF 2022", THE STATE, AND
UTILITIES ARE OPENING UP OPPORTUNITIES TO MAKE THIS TECHNOLOGY LESS
EXPENSIVE THAN COOLING
-ONLY SYSTEMS; AND
(d) COLORADO SHOULD BE PREPARED TO TAKE ADVANTAGE OF NEW
OPPORTUNITIES TO THE MAXIMUM EXTENT TO CREATE A MORE AFFORDABLE
AND ENVIRONMENTALLY FRIENDLY HOUSING MARKET AND HEATING
,
VENTILATION, AND AIR CONDITIONING INDUSTRY.
(2) T
HE GENERAL ASSEMBLY , THEREFORE, DETERMINES AND
DECLARES THAT IT IS IN THE PUBLIC INTEREST FOR THE HEALTH AND
ENVIRONMENT OF THE STATE TO REQUIRE THAT THE
COLORADO ENERGY
OFFICE CONDUCT A STUDY OF THE TECHNICAL VIABILITY
, ECONOMIC
CONDITIONS
, AND WORKFORCE READINESS OF STANDARDS FOR CONFIGURING
NEW RESIDENTIAL AIR CONDITIONERS AS HEAT PUMPS
.
25-7-1602. Definitions. A
S USED IN THIS PART 16, UNLESS THE
CONTEXT OTHERWISE REQUIRES
:
(1) "A
IR CONDITIONER" MEANS AN ELECTRICALLY POWERED
PAGE 18-SENATE BILL 24-214 MECHANICAL DEVICE THAT USES THE REFRIGERATION CYCLE TO COOL AN
INTERIOR HABITABLE SPACE
.
(2) "A
PPLICABLE AIR CONDITIONER" MEANS AN AIR CONDITIONER
THAT IS
:
(a) N
EW;
(b) P
OWERED BY A SINGLE-PHASE CURRENT;
(c) D
ESIGNED AND INTENDED FOR RESIDENTIAL USE ;
(d) D
ESIGNED AND INTENDED FOR PERMANENT INSTALLATION ; AND
(e) NOT DESIGNED OR INTENDED TO BE WINDOW MOUNTED .
(3) "H
EAT PUMP" MEANS AN ELECTRICALLY POWERED MECHANICAL
DEVICE THAT USES THE REFRIGERATION CYCLE TO TRANSFER THERMAL
ENERGY FROM ONE LOCATION TO ANOTHER
.
(4) "HVAC"
MEANS A HEATING , VENTILATION, AND AIR
CONDITIONING SYSTEM
.
(5) "O
FFICE" MEANS THE COLORADO ENERGY OFFICE CREATED IN
SECTION
24-38.5-101 (1).
(6) "R
ESIDENTIAL" MEANS ONE- AND TWO-FAMILY DWELLINGS AND
TOWNHOUSES
, AS DEFINED IN THE MOST RECENT EDITION OF THE
INTERNATIONAL RESIDENTIAL CODE.
25-7-1603. Colorado energy office - study - accelerated adoption
of heat pump technology. (1) O
N OR BEFORE AUGUST 1, 2024, THE OFFICE
SHALL COMMENCE A STUDY WITH TARGETED STAKEHOLDER INPUT TO
EXPLORE HOW TO ACCELERATE ADOPTION OF HEAT PUMP TECHNOLOGY IN
COLORADO THROUGH A TECHNICAL STANDARD FOR APPLICABLE AIR
CONDITIONERS
.
(2) I
N CONDUCTING THE STUDY, THE OFFICE SHALL:
(a) F
OCUS ON A STATEWIDE POINT-OF-SALE STANDARD ON NEW AND
PAGE 19-SENATE BILL 24-214 REPLACEMENT AIR CONDITIONERS ;
(b) C
ONSIDER EQUIPMENT PERFORMANCE IN DIFFERENT CLIMATE
ZONES AND CONDITIONS
;
(c) C
ONSULT WITH STAKEHOLDERS FROM MANUFACTURERS ,
DISTRIBUTORS, CONTRACTORS, HEAT PUMP EXPERTS, GREEN BUILDERS,
ENVIRONMENTAL JUSTICE GROUPS , AND UTILITIES SERVING RETAIL
CUSTOMERS
;
(d) U
SE DATA AND FINDINGS FROM RECENT PUBLIC UTILITY
PROCEEDINGS TO ACCELERATE DATA COLLECTION FOR THE STUDY
;
(e) D
ETERMINE THE REQUIREMENTS FOR SUCCESSFUL
IMPLEMENTATION OF A STATEWIDE POINT
-OF-SALE STANDARD; AND
(f) MAKE RECOMMENDATIONS ON HOW THE STATE CAN ADDRESS
ANY ASSOCIATED NEEDS OR GAPS BEFORE A STATEWIDE POINT
-OF-SALE
STANDARD TAKES EFFECT
.
(3) I
N CONDUCTING THE STUDY , THE OFFICE SHALL ASSESS AND
DETERMINE
:
(a) U
P-FRONT COST GAPS AND ONGOING COSTS AND COST SAVINGS
FOR RESIDENTIAL HOMES FROM IMPLEMENTATION OF A STATEWIDE
POINT
-OF-SALE STANDARD;
(b) W
HETHER AND WHERE FEDERAL , STATE, LOCAL, AND UTILITY
INCENTIVES CAN COVER ANY IDENTIFIED COST GAPS
, AND MAKE
RECOMMENDATIONS FOR WHAT
, IF ANY, NEW INCENTIVES MAY BE NEEDED
FOR INCOME
-QUALIFIED HOUSEHOLDS;
(c) A
NY TECHNICAL LIMITATIONS, AND POTENTIAL REMEDIES FOR
THOSE LIMITATIONS
, FOR A STATEWIDE POINT-OF-SALE STANDARD;
(d) S
YSTEM CONFIGURATION OPTIONS FOR COLD -TEMPERATURE
PERFORMANCE
;
(e) N
ECESSARY CUSTOMER INFORMATION REGARDING
COLD
-TEMPERATURE PERFORMANCE ;
PAGE 20-SENATE BILL 24-214 (f) WHAT, IF ANY, EXCEPTIONS OR EXEMPTIONS MAY BE NECESSARY
FOR A STATEWIDE POINT
-OF-SALE STANDARD AND HOW SUCH EXCEPTIONS OR
EXEMPTIONS COULD BE ADMINISTERED
;
(g) P
OTENTIAL IMPROVEMENTS TO THE STATE INCOME TAX CREDIT
CREATED IN SECTION
39-22-554;
(h) S
UPPLY CHAIN STATUS;
(i) C
ONTRACTOR TRAINING NEEDS ; AND
(j) QUALITY ASSURANCE MEASURES .
(4) T
HE OFFICE SHALL DELIVER THE STUDY RESULTS TO THE CHAIRS
OF THE TRANSPORTATION AND ENERGY COMMITTEE OF THE SENATE AND THE
ENERGY AND ENVIRONMENT COMMITTEE OF THE HOUSE OF
REPRESENTATIVES
, OR ANY SUCCESSOR COMMITTEES , ACCORDING TO THE
FOLLOWING SCHEDULE
:
(a) O
N OR BEFORE JANUARY 1, 2025, THE OFFICE SHALL DELIVER A
PROGRESS REPORT
;
(b) O
N OR BEFORE MARCH 1, 2025, THE OFFICE SHALL DELIVER
INTERIM RESULTS AND LEGISLATIVE RECOMMENDATIONS
; AND
(c) ON OR BEFORE JUNE 1, 2025, THE OFFICE SHALL DELIVER THE
FINAL STUDY AND FINAL LEGISLATIVE RECOMMENDATIONS
.
25-7-1604. Repeal of part. T
HIS PART 16 IS REPEALED, EFFECTIVE
JULY 1, 2030.
SECTION 14. In Colorado Revised Statutes, 32-9-119.8, amend
(3) as follows:
32-9-119.8. Provision of retail and commercial goods and
services at district transfer facilities - residential and other uses at
district transfer facilities permitted - definitions. (3) Any person
obtaining the use of any portion of a transfer facility for the provision of
retail or commercial goods or services or for the provision of residential
uses or other uses shall be required to
compensate the district by payment
PAGE 21-SENATE BILL 24-214 of rent at fair market value, or, at the discretion of the district, by the
provision of services or capital improvements to facilities used in transit
services, alone or in combination with rental payments. such that the total
benefit to the district is not less than the fair market rental value of the
property used by the person.
SECTION 15. In Colorado Revised Statutes, 39-22-551, amend
(2)(e) introductory portion, (2)(i), (2)(j), (3)(a)(II), and (3)(c) as follows:
39-22-551. Industrial clean energy tax credit - tax preference
performance statement - definitions - report - repeal. (2) Definitions.
As used in this section, unless the context otherwise requires:
(e) "Greenhouse gas emissions reduction improvements" means
improvements that help to measurably reduce greenhouse gas emissions.
"Greenhouse gas emissions reduction improvements" also means
MAY
INCLUDE
one or more of the following equipment purchases, improvements,
and retrofits:
(i) "Industrial study" means an energy and emissions audit, a
feasibility study,
A PRE-FRONT-END or a front-end engineering design study
that meets or exceeds the standards established by the office,
OR ANY OTHER
INDUSTRIAL STUDIES AS OUTLINED IN PROGRAM STANDARDS ADOPTED BY
THE OFFICE
.
(j) "Owner" means a person
OR DEVELOPER OF A PROJECT TO BE
IMPLEMENTED AT A QUALIFIED INDUSTRIAL FACILITY
subject to tax under
this article 22 who applies for and claims the credit allowed by this section.
(3) Availability of credit and amount. (a) For income tax years
commencing on or after January 1, 2024, but prior to January 1, 2033, there
shall be allowed a credit with respect to the income taxes imposed pursuant
to this article 22 to the owner of a qualified industrial facility in an amount
equal to:
(II) The applicable percentage of the capital costs paid by the owner,
not including the cost for design, and approved by the office for certified
greenhouse gas emissions reduction improvements that are placed in service
during the tax year in which the credit is claimed; except that the credit
must be claimed in an amount that is not less than seventy-five thousand
PAGE 22-SENATE BILL 24-214 dollars and does not exceed five EIGHT million dollars.
(c) An owner that claims the credit allowed by this section cannot,
claim the credit allowed by section 39-30-104 with respect to the
greenhouse gas emissions reduction improvements or receive grant money
under the industrial and manufacturing operations clean air grant program
created in section 24-38.5-116 (3)(a) FOR THE SAME GREENHOUSE GAS
EMISSION REDUCTION IMPROVEMENTS
:
(I) C
LAIM THE CREDIT ALLOWED BY SECTION 39-30-104; OR
(II) RECEIVE GRANT MONEY UNDER THE INDUSTRIAL AND
MANUFACTURING OPERATIONS CLEAN AIR GRANT PROGRAM CREATED IN
SECTION
24-38.5-116 (3)(a).
SECTION 16. In Colorado Revised Statutes, 39-22-552, amend
(1)(a), (2)(e), (2)(f) introductory portion, (2)(f)(VIII), and (2)(f)(IX); and
add (2)(f)(X), (2)(f.5), (2)(h), (2)(i), and (2)(j) as follows:
39-22-552. Tax credit for expenditures made in connection with
a geothermal energy project - tax preference performance statement -
definitions - repeal. (1) (a) In accordance with section 39-21-304(1),
which requires each bill that creates a new tax expenditure to include a tax
preference performance statement as part of a statutory legislative
declaration, the general assembly finds and declares that the purpose of the
tax credit provided in this section is to induce certain designated behavior
by taxpayers and to provide a reduction in income tax liability for certain
businesses or individuals by providing a financial incentive for the
development of
THERMAL ENERGY NETWORKS , electricity generation from
geothermal sources.
(2) Definitions. As used in this section, unless the context otherwise
requires:
(e) "Eligible taxpayer" means a person engaged in a trade or
business that is subject to tax pursuant to this article 22, or a person or
political subdivision of this state that is exempt from tax pursuant to section
39-22-112 (1), that makes a qualified expenditure ANY OF THE FOLLOWING
PEOPLE OR ENTITIES THAT MAKE A QUALIFIED EXPENDITURE
:
PAGE 23-SENATE BILL 24-214 (I) A PERSON ENGAGED IN A TRADE OR BUSINESS THAT IS SUBJECT TO
TAX PURSUANT TO THIS ARTICLE
22;
(II) A
PERSON OR POLITICAL SUBDIVISION OF THIS STATE THAT IS
EXEMPT FROM TAX PURSUANT TO SECTION
39-22-112 (1); OR
(III) A TRIBAL GOVERNMENT.
(f) "Geothermal energy
ELECTRICITY project" or "project" means a
project in the state that is intended to evaluate and develop a geothermal
resource for the purpose of electricity production, that meets the standards
developed pursuant to subsection (5) of this section, and that involves any
of the following:
(VIII) Coproduction of geothermal energy; or
ENERGY INCLUDING
FOR INDUSTRIAL USES OR THERMAL ENERGY NETWORKS
;
(IX) Power generation equipment;
OR
(X) STUDIES TO IDENTIFY AND EXPLORE RESOURCES THAT MAY BE
SUITABLE FOR GEOTHERMAL ELECTRICITY GENERATION AND MAY INCLUDE
HYDROGEN GENERATION OR UTILIZATION OF DIRECT AIR CAPTURE
TECHNOLOGY
.
(f.5) "G
EOTHERMAL ENERGY PROJECT " MEANS A GEOTHERMAL
ELECTRICITY PROJECT
, THERMAL ENERGY NETWORK , OR A THERMAL ENERGY
NETWORK STUDY
.
(h) "T
HERMAL ENERGY NETWORK " HAS THE SAME MEANING AS SET
FORTH IN SECTION
39-22-554 (2)(n).
(i) "T
HERMAL ENERGY NETWORK STUDY " MEANS AN ENERGY AND
EMISSIONS SCOPING STUDY
, A FEASIBILITY STUDY, AN INVESTMENT GRADE
ENERGY AUDIT
, A DETAILED ENGINEERING DESIGN, OR A COMBINATION OF
THESE OPTIONS THAT MEETS OR EXCEEDS THE STANDARDS ESTABLISHED BY
THE OFFICE
.
(j) "T
RIBAL GOVERNMENT " MEANS A FEDERALLY RECOGNIZED
INDIAN TRIBE, INCLUDING ITS BUSINESS OPERATIONS AND WHOLLY -OWNED
ENTITIES
, WITH RESERVATION LANDS WITHIN THE STATE OF COLORADO OR
PAGE 24-SENATE BILL 24-214 OPERATING WITHIN THE STATE.
SECTION 17. In Colorado Revised Statutes, 39-22-553, amend
(2)(c) and (3); and add (2)(d) and (3.5) as follows:
39-22-553. Geothermal electricity generation production tax
credit - tax preference performance statement - definitions - repeal.
(2) Definitions. As used in this section, unless the context otherwise
requires:
(c) "Qualified entity" means a person engaged in a trade or business
that is subject to tax pursuant to this article 22 or a person or political
subdivision of this state that is exempt from tax pursuant to section
39-22-112 (1), either of which produces electricity derived from geothermal
energy for sale or for the person's or political subdivision's own use ANY OF
THE FOLLOWING PEOPLE OR ENTITIES THAT PRODUCE ELECTRICITY DERIVED
FROM GEOTHERMAL ENERGY FOR SALE OR USE
:
(I) A
PERSON ENGAGED IN A TRADE OR BUSINESS THAT IS SUBJECT TO
TAX PURSUANT TO THIS ARTICLE
22;
(II) A
PERSON OR POLITICAL SUBDIVISION OF THIS STATE THAT IS
EXEMPT FROM TAX PURSUANT TO SECTION
39-22-112 (1); OR
(III) A TRIBAL GOVERNMENT.
(d) "T
RIBAL GOVERNMENT " MEANS A FEDERALLY RECOGNIZED
INDIAN TRIBE, INCLUDING ITS BUSINESS OPERATIONS AND WHOLLY -OWNED
ENTITIES
, WITH RESERVATION LANDS WITHIN THE STATE OF COLORADO OR
OPERATING WITHIN THE STATE
.
(3) For income tax years commencing on or after January 1, 2024,
but before January 1, 2033, a qualified entity is allowed a credit against the
income taxes imposed by this article 22 in an amount equal to three
one-thousandths of a dollar per kilowatt hour of geothermal electricity that
is produced by the qualified entity in the state in the tax year. In order to
claim the credit, the qualified entity shall apply for and receive a tax credit
certificate from the office pursuant to subsection (4) of this section. except
that the office may not issue a tax credit certificate to a qualified entity
totaling more than one million dollars per income tax year.
PAGE 25-SENATE BILL 24-214 (3.5) THE OFFICE SHALL ANNUALLY REVIEW AND EVALUATE THE
EFFECTIVENESS OF THE TAX CREDIT AND MAY MODIFY THE AMOUNTS SET
FORTH IN SUBSECTION
(3) OF THIS SECTION. THE OFFICE SHALL MAINTAIN
THE CURRENT APPLICABLE TAX CREDIT ON ITS WEBSITE AND SHALL PROVIDE
THE APPLICABLE TAX CREDIT IN WRITING TO THE DEPARTMENT NO LATER
THAN
DECEMBER 31, 2024, AND EACH DECEMBER 31 THEREAFTER THROUGH
DECEMBER 31, 2031.
SECTION 18. In Colorado Revised Statutes, 39-22-554, amend
(2)(a)(I)(C), (2)(g)(I)(C), (2)(g)(I)(D), (2)(p)(I)(C), (2)(p)(I)(D),
(2)(q)(I)(C), (2)(q)(I)(D), (3)(c)(I) introductory portion, (3)(d)(II), (3)(e),
(5)(a)(II), (5)(a)(V), and (5)(d)(II)(A); repeal (2)(a)(I)(B), (2)(a)(III),
(2)(g)(III), (2)(g)(IV), (2)(p)(III), (2)(q)(III), and (5)(a)(III); and add
(2)(a)(I)(D), (2)(a)(I)(E), (2)(c.5), (2)(d.5), (2)(g)(I)(E), (2)(i.5),
(2)(p)(I)(E), (2)(q)(I)(E), and (5)(a)(III.5) as follows:
39-22-554. Heat pump technology and thermal energy network
tax credit - tax preference performance statement - definitions - repeal.
(2) Definitions. As used in this section, unless the context otherwise
requires:
(a) (I) "Air-source heat pump system" means a system that:
(B) Has a variable speed compressor; and
(C) Is listed in the Air-conditioning, Heating, and Refrigeration
Institute directory of certified product performance as a matched system;
(D) C
ONFORMS TO ALL APPLICABLE MUNICIPAL , STATE, AND
FEDERAL CODES
, STANDARDS, REGULATIONS, AND CERTIFICATIONS; AND
(E) IS INSTALLED IN ACCORDANCE WITH THE MANUFACTURER 'S
SPECIFICATIONS
.
(III) "Air-source heat pump system" includes mechanical and
electrical equipment central to the operation of an air-source heat pump,
including an upgraded electrical panel if necessary.
(c.5) "COLD-CLIMATE HEAT PUMP" MEANS A TYPE OF AIR-SOURCE
HEAT PUMP SYSTEM THAT
:
PAGE 26-SENATE BILL 24-214 (I) MEETS THE QUALIFICATION CRITERIA OF THE FEDERAL
ENVIRONMENTAL PROTECTION AGENCY
'S ENERGY STAR PROGRAM'S
COLD
-CLIMATE HEAT PUMP DESIGNATION OR MEETS THE HIGHEST TIER OF
THE
CONSORTIUM FOR ENERGY EFFICIENCY'S NORTHERN AIR-SOURCE HEAT
PUMP SPECIFICATIONS
, NOT INCLUDING AN ADVANCED TIER ;
(II) I
S INSTALLED WITH CONTROLS THAT SET A CROSSOVER
TEMPERATURE SPECIFIED BY GUIDELINES ESTABLISHED BY THE OFFICE
PURSUANT TO SUBSECTION
(7) OF THIS SECTION;
(III) C
ONFORMS TO ALL APPLICABLE MUNICIPAL , STATE, AND
FEDERAL CODES
, STANDARDS, REGULATIONS, AND CERTIFICATIONS;
(IV) I
S INSTALLED IN ACCORDANCE WITH THE MANUFACTURER 'S
SPECIFICATIONS
; AND
(V) IS LISTED IN THE AIR-CONDITIONING, HEATING, AND
REFRIGERATION INSTITUTE DIRECTORY OF CERTIFIED PRODUCT
PERFORMANCE AS A MATCHED SYSTEM
.
(d.5) "C
ROSSOVER TEMPERATURE " MEANS THE POINT THAT A
HEAT
-PUMP-BASED HVAC SYSTEM SWITCHES EITHER PARTIALLY OR FULLY
FROM THE HEAT PUMP TO A SUPPLEMENTARY HEATING SOURCE
.
(g) (I) "Ground-source heat pump system" means a system that:
(C) Has blowers that are variable speed,
high-efficiency motors that
meet or exceed efficiency levels listed in the National Electrical
Manufacturers Association MG 1-1993 publication; and
(D) Complies with all state and local drinking water guidelines and
regulations and public water system requirements;
AND
(E) IS INSTALLED IN ACCORDANCE WITH THE MANUFACTURER 'S
SPECIFICATIONS
.
(III) "Ground-source heat pump system" includes mechanical and
electrical equipment central to the operation of a ground-source heat pump,
including an upgraded electrical panel if necessary.
PAGE 27-SENATE BILL 24-214 (IV) "Ground-source heat pump system" may include a heat
exchanger for water heating.
(i.5) "HEAT PUMP" MEANS AN ELECTRICALLY POWERED MECHANICAL
DEVICE THAT USES THE REFRIGERATION CYCLE TO TRANSFER THERMAL
ENERGY FROM ONE LOCATION TO ANOTHER
.
(p) (I) "Variable refrigerant flow heat pump system" means a system
that:
(C) Has blowers that are variable speed, high-efficiency motors that
meet or exceed efficiency levels listed in the National Electrical
Manufacturers Association MGI-1993
MG 1-1993 publication; and
(D) Complies with all state and local drinking water guidelines and
regulations and public water system and wastewater system requirements;
AND
(E) IS INSTALLED IN ACCORDANCE WITH THE MANUFACTURER 'S
SPECIFICATIONS
.
(III) "Variable refrigerant flow system" includes mechanical and
electrical equipment central to the operation of a variable refrigerant flow
system.
(q) (I) "Water-source heat pump system" means a system that: (C) Has blowers that are variable speed,
high-efficiency motors that
meet or exceed efficiency levels listed in the National Electrical
Manufacturers Association MG 1-1993 publication; and
(D) Complies with all state and local drinking water guidelines and
regulations and public water system and wastewater system requirements;
AND
(E) IS INSTALLED IN ACCORDANCE WITH THE MANUFACTURER 'S
SPECIFICATIONS
.
(III) "Water-source heat pump system" includes mechanical and
electrical equipment central to the operation of a water-source heat pump.
PAGE 28-SENATE BILL 24-214 (3) (c) Subject to the modifications set forth in subsection (3)(d) of
this section and the annual review required pursuant to subsection (3)(e) of
this section and except as otherwise provided in subsection (3)(f) of this
section, the amount of the credit allowed pursuant to this section is
calculated as follows:
(I) For the installation of an air-source heat pump system or
FOR a
variable refrigerant flow heat
PUMP system:
(d) Notwithstanding the amounts set forth in subsection (3)(c) of this
section, the amount of the credit allowed by this section may be modified
as follows:
(II) For a nonresidential building, the amount of the credit is the
amount of the credit permitted pursuant to subsection (3)(c) of this section
multiplied by the number of increments of four tons of heating capacity; up
to a maximum of one hundred tons; and
(e) The office shall annually review and evaluate the effectiveness
of the tax credits and may,
FOR THE SUBSEQUENT TAX YEAR :
(I) Modify the amounts set forth in subsection (3)(c) of this section;
AND
(II) ESTABLISH, MODIFY, OR REMOVE LIMITS ON THE CREDITS
CALCULATED PURSUANT TO SUBSECTION
(3)(d) OF THIS SECTION.
(5) (a) The office shall create, and update at least annually, a list
containing the names and contact information of eligible taxpayers. To
become an eligible taxpayer, and be included on the list described in this
subsection (5), a taxpayer shall demonstrate to the office that the taxpayer
and any of its employees who will be installing heat pump technology or
thermal energy networks:
(II) Are knowledgeable of
AND AGREE TO FOLLOW the relevant
system requirements set forth in subsections (2)(a), (2)(c.5), (2)(g), (2)(h),
(2)(i), (2)(m), (2)(n), (2)(p), and (2)(q) of this section;
(III) Will install heat pump technology and thermal energy networks
in accordance with the national electric code and manufacturer's
PAGE 29-SENATE BILL 24-214 specifications;
(III.5) HAVE RECEIVED TRAINING PURSUANT TO THE GUIDELINES
ISSUED BY THE OFFICE PURSUANT TO SUBSECTION
(7) OF THIS SECTION;
(V) Will meet any additional standards established by the office in
its guidelines. including, if applicable, the 2021 international energyconservation code.
(d) (II) (A) The office shall annually PERIODICALLY examine a
sample of the eligible taxpayers on the list described in this subsection (5)
to substantiate that the eligible taxpayers are meeting the office's standards
and properly claiming the credit allowed by this section. Every eligible
taxpayer shall produce the books and records described in subsection
(5)(d)(I) of this section for examination at any time by the office.
SECTION 19. In Colorado Revised Statutes, 39-22-557, amend
(2)(d) and (3)(c)(I) as follows:
39-22-557. Clean hydrogen tax credit - qualified uses - tax
preference performance statement - definitions - legislative declaration
- repeal. (2) As used in this section, unless the context otherwise requires:
(d) "Lifecycle greenhouse gas emissions rate" means lifecycle
greenhouse gas emissions, as defined in 26 U.S.C. sec. 45V (c)(1)(A), as
amended, measured in accordance with any applicable federal internal
revenue service regulations or guidance, subject to the rules adopted by the
public utilities commission pursuant to section 40-2-138 (3)(a)(I)
SECTION
40-2-138 (3)(a)(II).
(3) (c) (I) For income tax years commencing on and after January
1, 2024, but before January 1, 2026, and not before the public utilities
commission adopts rules pursuant to section 40-2-138 (3)(a)(I),
SECTION
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.
SECTION 20. In Colorado Revised Statutes, 39-29-108, repeal
(2)(e)(II), (2)(e)(III)(A), and (2)(e)(III)(C) as follows:
PAGE 30-SENATE BILL 24-214 39-29-108. Allocation of severance tax revenues - definitions -
repeal. (2) (e) (II) The state treasurer shall credit a portion of the discrete
increased amount of severance tax for oil and gas production in the amount
attributable to administrative costs to the respective cash funds so that all
administrative costs are repaid to the respective cash funds on or before July
1, 2025.
(III) As used in this subsection (2)(e), unless the context otherwise
requires:
(A) "Administrative costs" means the amount of money expended
from the respective cash funds by the Colorado energy office and the
department of revenue for the administration and implementation of certain
income tax credits and a temporary specific ownership tax rate reduction for
electric medium-duty and heavy-duty trucks that are part of a fleet as
provided for in sections 24-38.5-116 (6)(b)(II), 24-38.5-118 (7)(d),
24-38.5-506 (2)(a)(II), and 25-7-1405 (2)(b).
(C) "Respective cash funds" means the industrial and manufacturing
operations clean air grant program cash fund created in section 24-38.5-116
(6), the geothermal energy grant fund created in section 24-38.5-118 (7), the
community access to electric bicycles cash fund created in section
24-38.5-506, or the electrifying school buses grant program cash fund
created in section 25-7-1405.
SECTION 21. In Colorado Revised Statutes, 24-38.5-115, amend
(2)(a) and (5)(f) as follows:
24-38.5-115. Sustainable rebuilding program - fund - creation
- policies - report - definitions. (2) (a) The office shall, in consultation
with the department of local affairs, establish the sustainable rebuilding
program as a loan and grant program in accordance with the requirements
of this section and the policies established by the office pursuant to
subsection (4) of this section. The program may provide loans and grants
from the fund to eligible homeowners and eligible businesses seeking
assistance to rebuild high-efficiency
homes and buildings after a disaster
emergency declared by the governor pursuant to section 24-33.5-704 (4),
WITH THE PROGRAM GIVING PRIORITY TO ELIGIBLE HOMEOWNERS AND
ELIGIBLE BUSINESSES SEEKING ASSISTANCE TO REBUILD HIGH
-EFFICIENCY
HOMES AND BUILDINGS
.
PAGE 31-SENATE BILL 24-214 (5) Loans and grants received from the program may be used:
(f) For other similar uses as determined by the office,
INCLUDING
PROVIDING LOANS OR GRANTS PURSUANT TO SECTION
24-32-134 (5).
SECTION 22. In Colorado Revised Statutes, 40-3.2-108, amend
(10) introductory portion as follows:
40-3.2-108. Clean heat targets - legislative declaration -
definitions - plans - rules - reports. (10) No later than December 1, 2024,
DECEMBER 1, 2025, the commission, in consultation with the division, shall
determine mass-based greenhouse gas emission reduction targets for clean
heat plans for 2035. In establishing these targets, the commission shall:
SECTION 23. In Colorado Revised Statutes, add 40-3.2-110 as
follows:
40-3.2-110. Requirements related to heat pumps - definitions.
(1) A
S USED IN THIS SECTION, UNLESS THE CONTEXT OTHERWISE REQUIRES ,
"
HEAT PUMP" MEANS AN ELECTRICALLY POWERED DEVICE THAT USES THE
REFRIGERATION CYCLE TO TRANSFER THERMAL ENERGY FROM ONE
LOCATION TO ANOTHER
.
(2) O
N OR BEFORE AUGUST 1, 2027, AN INVESTOR-OWNED UTILITY
THAT PROVIDES ELECTRIC OR THERMAL ENERGY SHALL
, WITHIN A GENERAL
RATE CASE REQUEST
, SUBMIT TO THE COMMISSION A PROPOSAL FOR A
VOLUNTARY RATE OR RATES FOR ENERGY SUPPLIED TO RESIDENTIAL
CUSTOMERS WHO UTILIZE A HEAT PUMP AS THEIR PRIMARY HEATING SOURCE
,
WHICH VOLUNTARY RATE OR RATES :
(a) M
AY BE NEW RATES , NEW OR EXISTING RIDERS , OR
INCORPORATED INTO AN EXISTING TIME
-OF-USE RATE;
(b) I
F COST-JUSTIFIED, ARE DESIGNED TO LOWER THE AVERAGE
MONTHLY ENERGY BILL OF RESIDENTIAL CUSTOMERS WHO UTILIZE A HEAT
PUMP AS THEIR PRIMARY HEATING SOURCE
; AND
(c) AVOID CROSS-SUBSIDIES FROM OTHER CUSTOMERS .
SECTION 24. In Session Laws of Colorado 2023, section 4 of
PAGE 32-SENATE BILL 24-214 chapter 219, amend (1) as follows:
Section 4. Appropriation. (1) For the 2023-24 state fiscal year,
$370,140 is appropriated to the department of higher education. This
appropriation is from the oil and gas conservation and environmental
response fund created in section 34-60-122 (5)(a), C.R.S., and is based on
an assumption that the department will require an additional 3.0 FTE. To
implement this act, the department may use this appropriation for the board
of governors of the Colorado state university system for the biochar in oil
and gas well plugging working advisory group. A
NY MONEY APPROPRIATED
IN THIS SECTION THAT IS NOT EXPENDED PRIOR TO
JULY 1, 2024, IS FURTHER
APPROPRIATED TO THE DEPARTMENT OF HIGHER EDUCATION FOR THE
2024-25 STATE FISCAL YEAR FOR THE SAME PURPOSE .
SECTION 25. Appropriation - adjustments to 2024 long bill.
(1) To implement this act, cash funds appropriations from various sources
of cash funds made in the annual general appropriation act for the 2024-25
state fiscal year to the department of revenue are decreased as follows:
Executive Director's Office, Administration and Support
Personal services $424,001
Operating expenses $64,770
Taxation Business Group, Administration
Tax administration IT system (GenTax) support $765,934
Taxation Business Group, Taxation Services
Personal services $470,940
Operating expenses $36,925
Document management $7,590
(2) To implement this act, cash funds appropriations from the
decarbonization tax credits administration cash fund created in section
24-38.5-120 (2), C.R.S., made in the annual general appropriation act for
PAGE 33-SENATE BILL 24-214 the 2024-25 state fiscal year to the department of revenue are increased as
follows:
Executive Director's Office, Administration and Support
Personal services $424,001
Operating expenses $64,770
Taxation Business Group, Administration
Tax administration IT system (GenTax) support $765,934
Taxation Business Group, Taxation Services
Personal services $470,940
Operating expenses $36,925
Document management $7,590
SECTION 26. Appropriation. For the 2024-25 state fiscal year,
$1,058,596 is appropriated to the office of the governor for use by the
Colorado energy office. This appropriation consists of $100,000 from the
general fund and $958,596 from the decarbonization tax credits
administration cash fund created in section 24-38.5-120 (2), C.R.S., and is
based on an assumption that the office will require an additional 3.1 FTE.
To implement this act, the office may use this appropriation for program
administration.
SECTION 27. Safety clause. The general assembly finds,
determines, and declares that this act is necessary for the immediate
PAGE 34-SENATE BILL 24-214 preservation of the public peace, health, or safety or for appropriations for
the support and maintenance of the departments of the state and state
institutions.
____________________________ ____________________________
Steve Fenberg Julie McCluskie
PRESIDENT OF SPEAKER OF THE HOUSE
THE SENATE OF REPRESENTATIVES
____________________________ ____________________________
Cindi L. Markwell Robin Jones
SECRETARY OF CHIEF CLERK OF THE HOUSE
THE SENATE OF REPRESENTATIVES
APPROVED________________________________________
(Date and Time)
_________________________________________
Jared S. Polis
GOVERNOR OF THE STATE OF COLORADO
PAGE 35-SENATE BILL 24-214