HB 20-1417

  • Colorado House Bill
  • 2020 Regular Session
  • Introduced in House Jun 09, 2020
  • Passed House Jun 09, 2020
  • Passed Senate Jun 11, 2020
  • Signed by Governor Jun 22, 2020

Care Subfund In The General Fund

Abstract

The state received $1.67 billion from the federal coronavirus relief fund created in the federal "Coronavirus Aid, Relief, and Economic Security Act of 2020" (CARES Act), and the governor allocated $70 million of these federal funds to the general fund for further allocation by the general assembly for any permissible uses under the CARES Act. The state controller has set aside this money in a special account, known as the care subfund. The bill codifies the care subfund (subfund) in the general fund and reiterates the requirement that the money in the subfund can only be used as permitted under the CARES Act. Any state department that receives an appropriation from the subfund is required to comply with any reporting and record-keeping requirements established by the state controller or the office of state planning and budgeting. Any appropriations from the subfund are excluded from the base for purposes of calculating the state reserve for fiscal year 2020-21. The bill establishes that any unexpended amounts before the close of business on December 30, 2020, revert to the subfund and the state treasurer is directed to transfer such amount to the unemployment compensation fund, which is a permissible use of the federal funds. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Bill Sponsors (2)

Votes


Jun 11, 2020

Jun 09, 2020

Actions


Jun 22, 2020

Office of the Governor

Governor Signed

Jun 19, 2020

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

Jun 11, 2020

Senate

Senate Third Reading Passed - No Amendments

Jun 10, 2020

Senate

Senate Second Reading Special Order - Passed - No Amendments

Senate

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

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

Jun 09, 2020

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

House

House Third Reading Passed - No Amendments

Jun 08, 2020

House

House Second Reading Special Order - Passed with Amendments - Floor

House

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

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

Jun 06, 2020

House

House Committee on Finance Refer Unamended to Appropriations

  • Referral-Committee
Finance Appropriations

Jun 04, 2020

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Signed Act (06/22/2020) PDF
Final Act (06/19/2020) PDF
Rerevised (06/11/2020) PDF
Revised (06/10/2020) PDF
Reengrossed (06/09/2020) PDF
Engrossed (06/08/2020) PDF
Introduced (06/04/2020) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (06/06/2020) PDF
Fiscal Note FN1 (06/05/2020) 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.