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SB 52 CO
Became Law

Coal Transition Community Investment

CO · session 2026A · Senate · bill

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Introduced Jan 27, 2026

Latest action (Mar 9, 2026) Introduced In Senate - Assigned to Agriculture & Natural Resources

Summary

The act establishes a first and preferred opportunity for available employment for coal transition workers in coal transition communities (hiring preference). A business entity located in a coal transition community that is engaged in the business of constructing or operating railroads, utilities, energy generation facilities, or advanced manufacturing facilities (covered business) is required to comply with the hiring preference. A covered business does not include the state government or a local government.     A covered business is required to make good faith efforts to provide a hiring preference to a coal transition worker who meets the qualifications for an employment position (qualified coal transition worker). A covered business may hire an individual who is not a qualified coal transition worker only if a qualified coal transition worker did not apply for employment with the covered business, each qualified coal transition worker declined a job offer from a covered business, or a qualified coal transition worker's qualifications did not meet the qualifications of other candidates for the same job.     If a qualified coal transition worker applies for employment with a covered business, the covered business is required to report specified information annually to the just transition office. The executive director is required to adopt policies and procedures to implement the act. A hiring preference does not apply if a covered business places an existing employee in another employment position with the covered business or to the extent that a hiring preference conflicts with the terms of a collective bargaining agreement that applies to the relationship between a covered business and its employees.     Currently, a public entity is not allowed to invest public funds in certain types of investments, such as equity instruments, instruments convertible to equity, or equity interests, or to deposit public funds with any person except certain depository institutions, which are primarily banks. The act authorizes a public entity to deposit or invest, either directly or through an investment firm or other third party authorized by the public entity, public funds from a payment or settlement that the public entity has received to offset the socioeconomic impacts to a community or government from the closure of a coal mine or coal power generating station in any investment permitted by an investment policy approved by the public entity.(Note: This summary applies to this bill as enacted.)

Sponsors (4)

43 coauthors / cosponsors

Action history (13)

  1. Mar 9, 2026 Governor Signed · executive
  2. Mar 2, 2026 Sent to the Governor · executive
  3. Mar 2, 2026 Signed by the Speaker of the House · lower
  4. Mar 2, 2026 Signed by the President of the Senate · upper
  5. Feb 24, 2026 Senate Considered House Amendments - Result was to Concur - Repass · upper
  6. Feb 23, 2026 House Third Reading Passed - No Amendments · lower
  7. Feb 20, 2026 House Second Reading Special Order - Passed with Amendments - Floor · lower
  8. Feb 19, 2026 House Committee on Agriculture, Water & Natural Resources Refer Unamended to House Committee of the Whole · lower
  9. Feb 12, 2026 Introduced In House - Assigned to Agriculture, Water & Natural Resources · lower
  10. Feb 11, 2026 Senate Third Reading Passed - No Amendments · upper
  11. Feb 10, 2026 Senate Second Reading Passed with Amendments - Committee · upper
  12. Feb 5, 2026 Senate Committee on Agriculture & Natural Resources Refer Amended - Consent Calendar to Senate Committee of the Whole · upper
  13. Jan 27, 2026 Introduced In Senate - Assigned to Agriculture & Natural Resources · upper
Subjects
Labor & Employment

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