SB 21-291

  • Colorado Senate Bill
  • 2021 Regular Session
  • Introduced in Senate Jun 01, 2021
  • Passed Senate Jun 01, 2021
  • Passed House Jun 07, 2021
  • Signed by Governor Jun 21, 2021

Economic Recovery And Relief Cash Fund

Abstract

The bill creates the economic recovery and relief cash fund (fund) which consists of money deposited in the fund from the "American Rescue Plan Act of 2021" cash fund. To respond to the public health emergency with respect to COVID-19 or its negative economic impacts, the bill allows the general assembly to appropriate or transfer money for specified uses. The bill transfers $40 million to the Colorado economic development fund for the Colorado office of economic development to use $10 million of the appropriated money to incentivize small businesses to locate in rural Colorado and for the location neutral employment incentive program which provides incremental cash incentives per remote employee per year for up to 5 years to small businesses that hire new employees in designated rural areas of the state. The bill specifies that the remaining appropriated money must be used, subject to the fund requirements, to provide grants to small businesses or to undertake any other economic development activity in response to the negative economic impacts of the COVID-19 pandemic. The bill requires the executive committee of the legislative council to create a task force to meet during the 2021 legislative interim and issue a report with recommendations to the general assembly and the governor on policies that use money from the fund to provide a stimulative effect to the state's economy, necessary relief for Coloradans, or that address emerging economic disparities resulting from the pandemic. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Bill Sponsors (4)

Votes


Actions


Jun 21, 2021

Office of the Governor

Governor Signed

Jun 15, 2021

Office of the Governor

Sent to the Governor

Jun 14, 2021

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

Jun 07, 2021

Senate

Senate Considered House Amendments - Result was to Concur - Repass

House

House Third Reading Passed with Amendments - Floor

Jun 04, 2021

House

House Third Reading Laid Over Daily - No Amendments

Jun 03, 2021

House

House Second Reading Special Order - Passed with Amendments - Committee

House

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

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

Jun 01, 2021

House

Introduced In House - Assigned to Appropriations

  • Introduction
Appropriations

Senate

Senate Third Reading Passed - No Amendments

May 28, 2021

Senate

Senate Second Reading Special Order - Passed with Amendments - Committee

Senate

Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole

  • Committee-Passage
Appropriations

Senate

Introduced In Senate - Assigned to Appropriations

  • Introduction
Appropriations

Bill Text

Bill Text Versions Format
Signed Act (06/21/2021) PDF
Final Act (06/14/2021) PDF
Rerevised (06/07/2021) PDF
Revised (06/03/2021) PDF
Reengrossed (06/01/2021) PDF
Engrossed (05/28/2021) PDF
Introduced (05/28/2021) PDF
PA2 (06/03/2021) PDF
PA1 (05/28/2021) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (06/03/2021) PDF
Fiscal Note FN1 (05/28/2021) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

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