HB 19-1322

  • Colorado House Bill
  • 2019 Regular Session
  • Introduced in House Apr 27, 2019
  • Passed House Apr 26, 2019
  • Passed Senate May 03, 2019
  • Signed by Governor May 17, 2019

Expand Supply Affordable Housing

Abstract

Transfer of money from unclaimed property trust fund to housing development grant fund - expansion of permitted uses of money in housing development grant fund. Assuming certain conditions are satisfied affecting the state's fiscal situation, the act requires the state treasurer to transfer $30 million commencing with the 2020-21 state fiscal year and through and including the 2022-23 state fiscal year from the unclaimed property trust fund to the division of housing in the department of local affairs (division) to be deposited by the division into the housing development grant fund (housing fund) to finance the uses described in the statute. For each state fiscal year that a transfer is not made, the act specifies that the last year in which a transfer may be made is extended for an additional state fiscal year. The act prohibits any transfer permitted from being made in more than 3 total state fiscal years. The act makes updates that are technical in nature to statutory provisions governing the division. In addition to the other sources of money to be deposited into the housing fund, the act specifies that the housing fund also consists of money transferred by the state treasurer from the unclaimed property trust fund to the division to be deposited into the housing fund to supplement existing money in such fund to be expended for any of the purposes specified in the act. The act also expands the permitted uses of money in the housing fund. Subject to the limitation on the percentage of money appropriated from the housing fund that may be expended for the administrative costs of the division in administering the housing fund, the act authorizes the division to expend money from the housing fund to hire and employ individuals in order to fulfill its purposes. (Note: This summary applies to this bill as enacted.) Read More

Bill Sponsors (4)

Votes


Actions


May 17, 2019

Office of the Governor

Governor Signed

May 16, 2019

Senate

Signed by the President of the Senate

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

May 03, 2019

Senate

Senate Third Reading Passed - No Amendments

May 02, 2019

Senate

Senate Second Reading Passed - No Amendments

Apr 30, 2019

Senate

Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

  • Referral-Committee
  • Committee-Passage
Appropriations Senate Committee of the Whole

Apr 29, 2019

Senate

Senate Committee on Finance Refer Unamended to Appropriations

  • Referral-Committee
Appropriations Finance

Apr 27, 2019

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Apr 26, 2019

House

House Third Reading Passed - No Amendments

Apr 25, 2019

House

House Second Reading Special Order - Passed with Amendments - Committee

House

House Committee on Appropriations Refer Amended to House Committee of the Whole

  • Referral-Committee
  • Committee-Passage
House Committee of the Whole Appropriations

Apr 17, 2019

House

House Committee on Finance Refer Amended to Appropriations

  • Referral-Committee
Appropriations Finance

Apr 12, 2019

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Committee Amendment PDF
PA1 (04/22/2019) PDF
PA2 (04/25/2019) PDF
Introduced (04/12/2019) PDF
Engrossed (04/25/2019) PDF
Reengrossed (04/26/2019) PDF
Revised (05/02/2019) PDF
Rerevised (05/03/2019) PDF
Final Act (05/16/2019) PDF
Signed Act (05/17/2019) PDF

Related Documents

Document Format
Fiscal Note SA1 (04/24/2019) PDF
Fiscal Note SA2 (04/30/2019) PDF
Fiscal Note FN1 (04/16/2019) PDF
Fiscal Note FN2 (04/23/2019) PDF
Fiscal Note FN3 (04/30/2019) PDF
Fiscal Note FN4 (08/05/2019) PDF

Sources

Data on Open States is updated nightly from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.