SB 23-263 CO Became Law
General Fund Loand Natural Disaster Mitigation Enterprise
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Summary
The act requires the state treasurer to transfer $95,000 from the general fund to the natural disaster mitigation cash fund to defray expenses incurred by the natural disaster mitigation enterprise (enterprise) before the enterprise receives fee revenue or revenue bond proceeds. The transfer is a loan from the state treasurer to the enterprise that is required to be repaid and is not a grant for purposes of the state constitution or any other state law. The enterprise is required to repay the loan and accumulated interest by December 31, 2025. APPROVED by Governor June 6, 2023 EFFECTIVE June 6, 2023 (Note: This summary applies to this bill as enacted.)
Sponsors (3)
- Kevin Priola · primary
- Elizabeth Velasco Democratic · primary
- Elisabeth Epps · primary
Action history (15)
- Jun 6, 2023 Governor Signed · executive
- May 17, 2023 Sent to the Governor · executive
- May 17, 2023 Signed by the President of the Senate · upper
- May 16, 2023 Signed by the Speaker of the House · lower
- May 6, 2023 House Third Reading Passed - No Amendments · lower
- May 5, 2023 House Second Reading Special Order - Passed - No Amendments · lower
- May 4, 2023 House Second Reading Special Order - Laid Over Daily - No Amendments · lower
- May 4, 2023 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
- May 3, 2023 House Committee on Finance Refer Unamended to Appropriations · lower
- May 1, 2023 Introduced In House - Assigned to Finance · lower
- May 1, 2023 Senate Third Reading Passed - No Amendments · upper
- Apr 28, 2023 Senate Second Reading Special Order - Passed - No Amendments · upper
- Apr 28, 2023 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
- Apr 11, 2023 Senate Committee on Finance Refer Unamended to Appropriations · upper
- Apr 3, 2023 Introduced In Senate - Assigned to Finance · upper
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