SB 20-002

  • Colorado Senate Bill
  • 2020 Regular Session
  • Introduced in Senate Jan 30, 2020
  • Passed Senate Jan 29, 2020
  • Passed House Jun 09, 2020
  • Signed by Governor Jun 29, 2020

Rural Economic Development Initiative Grant Program

Abstract

The act creates the rural economic development initiative (REDI) grant program in the department of local affairs (department) to provide grants for projects that create new jobs through a new employer or the expansion of an existing employer and for projects that create diversity and resiliency in the local economies of rural communities. The department is required to administer the REDI grant program in consultation with the Colorado office of economic development. Entities eligible to receive REDI grant program money include local governments and organizations or individuals working in partnership with a local government, where the local government serves as the grant administrator, including intergovernmental agencies, councils of government, housing authorities, beginning farmers, the Southern Ute Indian Tribe, the Ute Mountain Ute Tribe, nonprofit economic development organizations, and private employers. The act specifies criteria that the department is required to consider when evaluating grant applications and requires the department to prioritize applications that would create new jobs. The act specifies the types of projects for which REDI grants may be awarded to eligible recipients and requires grant recipients to provide matching funds. If the department determines that a rural community needs resources or assistance because it has been impacted by a significant economic event or an anticipated event that has been announced, the department may use all or a portion of the money appropriated for the purposes of the REDI grant program for the purposes of the "Rural Economic Advancement of Colorado Towns (REACT) Act". The executive director of the department is required to adopt policies and procedures for the administration of the REDI grant program and is also required to produce a report summarizing the use of all money that was awarded as grants from the REDI grant program in the preceding fiscal year. (Note: This summary applies to this bill as enacted.)

Bill Sponsors (4)

Votes


Jan 28, 2020

Jan 29, 2020

Jun 09, 2020

Actions


Jun 29, 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

Jun 13, 2020

Senate

Signed by the President of the Senate

Jun 09, 2020

House

House Third Reading Passed - No Amendments

Jun 08, 2020

House

House Second Reading Special Order - Passed - No Amendments

House

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

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

Feb 24, 2020

House

House Committee on Rural Affairs & Agriculture Refer Unamended to Appropriations

  • Referral-Committee
Appropriations Rural Affairs & Agriculture

Jan 30, 2020

House

Introduced In House - Assigned to Rural Affairs & Agriculture + Appropriations

  • Introduction
Appropriations Rural Affairs & Agriculture

Jan 29, 2020

Senate

Senate Third Reading Passed - No Amendments

Jan 28, 2020

Senate

Senate Second Reading Passed with Amendments - Committee

Jan 23, 2020

Senate

Senate Committee on Agriculture & Natural Resources Refer Amended - Consent Calendar to Senate Committee of the Whole

Jan 08, 2020

Senate

Introduced In Senate - Assigned to Agriculture & Natural Resources

  • Introduction
Agriculture & Natural Resources

Bill Text

Bill Text Versions Format
Signed Act (06/29/2020) PDF
Final Act (06/19/2020) PDF
Rerevised (06/09/2020) PDF
Revised (06/08/2020) PDF
Reengrossed (01/29/2020) PDF
Engrossed (01/28/2020) PDF
Introduced (01/08/2020) PDF
PA1 (01/24/2020) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (06/05/2020) PDF
Fiscal Note FN1 (01/21/2020) PDF
Fiscal Note FN2 (06/02/2020) PDF
Fiscal Note FN3 (09/14/2020) 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.