SB 25-242 CO

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Became Law

The act updates the funding mechanism for the division of unemployment insurance (division) by changing the name of the "employment and training technology fund" to the "unemployment insurance program support fund" and expanding the use of the fund to include the information technology and administrative costs of the division. Colorado law specifies how the division must disburse money collected from the employer support surcharge. The act modifies the disbursement of this surcharge to: 11% for the employment support fund (decreased from 35%); 54% for the unemployment insurance program support fund (increased from 32%); 20% for the workforce development fund (increased from 14%); and 15% for the benefit recovery fund (decreased from 19%). The act requires all money collected in each fund that is in excess of the maximum balance amounts authorized for the fund to be credited to the unemployment compensation fund. The act ties the adjustments of the fund caps to the change in average weekly earnings instead of to the consumer price index. The act also adjusts the cap for the unemployment insurance program support fund. (Note: This summary applies to this bill as enacted.)

• Judy Amabile Democratic · primary
• Jeff Bridges Democratic · primary
• Emily Sirota Democratic · primary
• Rick Taggart Republican · primary

1. Apr 28, 2025 Governor Signed · executive
2. Apr 17, 2025 Sent to the Governor · executive
3. Apr 16, 2025 Signed by the Speaker of the House · lower
4. Apr 16, 2025 Signed by the President of the Senate · upper
5. Apr 10, 2025 House Third Reading Passed - No Amendments · lower
6. Apr 9, 2025 House Second Reading Special Order - Passed - No Amendments · lower
7. Apr 8, 2025 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
8. Apr 3, 2025 Introduced In House - Assigned to Appropriations · lower
9. Apr 3, 2025 Senate Third Reading Passed - No Amendments · upper
10. Apr 2, 2025 Senate Second Reading Special Order - Passed - No Amendments · upper
11. Apr 1, 2025 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
12. Mar 31, 2025 Introduced In Senate - Assigned to Appropriations · upper