Colorado 2025 Regular Session

Colorado Senate Bill SB114 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+	First Regular Session
	2	+	Seventy-fifth General Assembly
	3	+	STATE OF COLORADO
	4	+	REREVISED
	5	+	This Version Includes All Amendments
	6	+	Adopted in the Second House
	7	+	LLS NO. 25-0825.01 Jed Franklin x5484
1	8		SENATE BILL 25-114
2		-	BY SENATOR(S) Amabile and Kirkmeyer, Bridges;
3		-	also REPRESENTATIVE(S) Bird and Taggart, Sirota, Barron, Bottoms,
4		-	Bradley, Caldwell, Clifford, DeGraaf, Duran, Gonzalez R., Johnson, Keltie,
5		-	Suckla, Weinberg, Woog, McCluskie.
	9	+	Senate Committees House Committees
	10	+	Appropriations Appropriations
	11	+	A BILL FOR AN ACT
6	12		C
7		-	ONCERNING THE REPEAL OF THE FINANCIAL LITERACY AND EXCHANGE
8		-	PROGRAM
9		-	.
10		-
11		-	Be it enacted by the General Assembly of the State of Colorado:
12		-	SECTION 1. In Colorado Revised Statutes, 24-32-726, add (7)(c)
13		-	and (9) as follows:
14		-	24-32-726. Financial literacy and exchange program - creation
15		-	- FLEX accounts - FLEX cash fund - transfer - short title - legislative
	13	+	ONCERNING THE REPEAL OF THE FINANCIAL LITERACY AND101
	14	+	EXCHANGE PROGRAM .102
	15	+	Bill Summary
	16	+	(Note: This summary applies to this bill as introduced and does
	17	+	not reflect any amendments that may be subsequently adopted. If this bill
	18	+	passes third reading in the house of introduction, a bill summary that
	19	+	applies to the reengrossed version of this bill will be available at
	20	+	http://leg.colorado.gov/
	21	+	.)
	22	+	Joint Budget Committee. In 2022, the general assembly created
	23	+	the financial literacy and exchange (FLEX) program. The FLEX program
	24	+	allows households participating in the state housing voucher program to
	25	+	open an escrow-like savings account. FLEX account holders receive a
	26	+	$200 monthly match and access to services such as financial mentoring,
	27	+	life skills training, and asset management. No households have been
	28	+	HOUSE
	29	+	3rd Reading Unamended
	30	+	February 13, 2025
	31	+	HOUSE
	32	+	2nd Reading Unamended
	33	+	February 12, 2025
	34	+	SENATE
	35	+	3rd Reading Unamended
	36	+	February 6, 2025
	37	+	SENATE
	38	+	2nd Reading Unamended
	39	+	February 5, 2025
	40	+	SENATE SPONSORSHIP
	41	+	Amabile and Kirkmeyer, Bridges
	42	+	HOUSE SPONSORSHIP
	43	+	Bird and Taggart, Sirota, Barron, Bottoms, Bradley, Caldwell, Clifford, DeGraaf, Duran,
	44	+	Gonzalez R., Johnson, Keltie, McCluskie, Suckla, Weinberg, Woog
	45	+	Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
	46	+	Capital letters or bold & italic numbers indicate new material to be added to existing law.
	47	+	Dashes through the words or numbers indicate deletions from existing law. enrolled in the FLEX program due to the FLEX account administrators'
	48	+	inability to provide case management and other additional services
	49	+	without compensation. The bill transfers all the unexpended and
	50	+	unencumbered money in the FLEX fund to the general fund on June 30,
	51	+	2025, and repeals the FLEX program on July 1, 2025.
	52	+	Be it enacted by the General Assembly of the State of Colorado:1
	53	+	SECTION 1. In Colorado Revised Statutes, 24-32-726, add2
	54	+	(7)(c) and (9) as follows:3
	55	+	24-32-726. Financial literacy and exchange program - creation4
	56	+	- FLEX accounts - FLEX cash fund - transfer - short title - legislative5
16	57		declaration - definitions - repeal. (7) (c) O
17		-	N JUNE 30, 2025, THE STATE
18		-	TREASURER SHALL TRANSFER ALL THE UNEXPENDED AND UNENCUMBERED
19		-	MONEY IN THE
20		-	FLEX FUND TO THE GENERAL FUND.
	58	+	N JUNE 30, 2025, THE STATE6
	59	+	TREASURER SHALL TRANSFER ALL THE UNEXPENDED AND UNENCUMBERED7
	60	+	MONEY IN THE FLEX FUND TO THE GENERAL FUND.8
21	61		(9) T
22		-	HIS SECTION IS REPEALED, EFFECTIVE JULY 1, 2025.
23		-	SECTION 2. Safety clause. The general assembly finds,
24		-	NOTE: This bill has been prepared for the signatures of the appropriate legislative
25		-	officers and the Governor. To determine whether the Governor has signed the bill
26		-	or taken other action on it, please consult the legislative status sheet, the legislative
27		-	history, or the Session Laws.
28		-	________
29		-	Capital letters or bold & italic numbers indicate new material added to existing law; dashes
30		-	through words or numbers indicate deletions from existing law and such material is not part of
31		-	the act. determines, and declares that this act is necessary for the immediate
32		-	preservation of the public peace, health, or safety or for appropriations for
33		-	the support and maintenance of the departments of the state and state
34		-	institutions.
35		-	____________________________ ____________________________
36		-	James Rashad Coleman, Sr. Julie McCluskie
37		-	PRESIDENT OF SPEAKER OF THE HOUSE
38		-	THE SENATE OF REPRESENTATIVES
39		-	____________________________ ____________________________
40		-	Esther van Mourik Vanessa Reilly
41		-	SECRETARY OF CHIEF CLERK OF THE HOUSE
42		-	THE SENATE OF REPRESENTATIVES
43		-	APPROVED________________________________________
44		-	(Date and Time)
45		-	_________________________________________
46		-	Jared S. Polis
47		-	GOVERNOR OF THE STATE OF COLORADO
48		-	PAGE 2-SENATE BILL 25-114
	62	+	HIS SECTION IS REPEALED, EFFECTIVE JULY 1, 2025.9
	63	+	SECTION 2. Safety clause. The general assembly finds,10
	64	+	determines, and declares that this act is necessary for the immediate11
	65	+	preservation of the public peace, health, or safety or for appropriations for12
	66	+	the support and maintenance of the departments of the state and state13
	67	+	institutions.14
	68	+	114-2-