SB 21-230 CO Became Law
Transfer To Colorado Energy Office Energy Fund
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Summary
The act directs the state treasurer to make an immediate, one-time transfer of $40 million from the general fund to the energy fund administered by the Colorado energy office (CEO). The CEO may use the money for its ongoing programs plus the following enumerated purposes:Making grants to the Colorado Clean Energy Fund and the Colorado new energy improvement district totaling up to $30 million and $3 million, respectively; Increasing the amounts available through residential energy upgrade loans by up to $2 million; and Providing up to $5 million in additional funding to the charge ahead Colorado program administered by the CEO. The act requires the CEO to devote at least 75% of the transferred money to the specified purposes by July 1, 2022, and at least 85% by July 1, 2023, and to periodically report on its expenditures to the office of state planning and budgeting and the general assembly. Although money in the energy fund is continuously appropriated to the CEO, the money transferred by the act is scheduled to revert to the general fund on June 30, 2025, if not used, expended, or obligated by then.(Note: This summary applies to this bill as enacted.)
Sponsors (4)
- Chris Hansen · primary
- Faith Winter · primary
- Alex Valdez Democratic · primary
- Tracey Bernett · primary
Action history (15)
- Jun 14, 2021 Governor Signed · executive
- Jun 11, 2021 Sent to the Governor · executive
- Jun 11, 2021 Signed by the Speaker of the House · lower
- Jun 11, 2021 Signed by the President of the Senate · upper
- Jun 2, 2021 Senate Considered House Amendments - Result was to Concur - Repass · upper
- Jun 1, 2021 House Third Reading Passed - No Amendments · lower
- May 28, 2021 House Second Reading Special Order - Passed with Amendments - Committee · lower
- May 28, 2021 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
- May 20, 2021 House Committee on Energy & Environment Refer Amended to Appropriations · lower
- May 5, 2021 Introduced In House - Assigned to Energy & Environment · lower
- May 5, 2021 Senate Third Reading Passed - No Amendments · upper
- May 4, 2021 Senate Second Reading Passed with Amendments - Committee, Floor · upper
- Apr 30, 2021 Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole · upper
- Apr 13, 2021 Senate Committee on Transportation & Energy Refer Unamended to Appropriations · upper
- Mar 31, 2021 Introduced In Senate - Assigned to Transportation & Energy · upper
Text versions (10)
The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.
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