HB 24-1453 CO

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Became Law

The act relocates the "Colorado Loans for Increasing Main Street Business Economic Recovery Act" and renames it the "Colorado Loans for Increasing Main Street Business Economic Resiliency Act" (CLIMBER Act). The administration of the CLIMBER Act small business recovery and resiliency loan program (loan program) is moved and the powers, duties, and functions associated with the administration of the CLIMBER Act are transferred from the department of the treasury to the office of economic development (office). Along with this relocation, the act makes the following changes to the CLIMBER Act: Removes the requirement for the loan program that at least 90% of the money in any prior tranche be invested in small business loans before the office can provide another tranche to a loan program or to the Colorado credit reserve; Allows the office to accept and expend gifts, grants, donations, and federal funds to support the CLIMBER Act and credits this money to the existing small business recovery and resiliency fund; and Removes the future repeal of the CLIMBER Act. APPROVED by Governor June 3, 2024 EFFECTIVE September 1, 2024(Note: This summary applies to this bill as enacted.)

• Naquetta Ricks Democratic · primary
• James Coleman Democratic · primary
• Chris Kolker Democratic · primary

1. Jun 3, 2024 Governor Signed · executive
2. May 17, 2024 Sent to the Governor · executive
3. May 17, 2024 Signed by the President of the Senate · upper
4. May 17, 2024 Signed by the Speaker of the House · lower
5. May 3, 2024 Senate Third Reading Passed - No Amendments · upper
6. May 2, 2024 Senate Second Reading Special Order - Passed - No Amendments · upper
7. Apr 30, 2024 Senate Committee on Finance Refer Unamended to Senate Committee of the Whole · upper
8. Apr 29, 2024 Introduced In Senate - Assigned to Finance · upper
9. Apr 26, 2024 House Third Reading Passed - No Amendments · lower
10. Apr 25, 2024 House Second Reading Special Order - Passed - No Amendments · lower
11. Apr 22, 2024 House Second Reading Laid Over Daily - No Amendments · lower
12. Apr 18, 2024 House Committee on Finance Refer Unamended to House Committee of the Whole · lower
13. Apr 15, 2024 Introduced In House - Assigned to Finance · lower