SB 22-234

  • Colorado Senate Bill
  • 2022 Regular Session
  • Introduced in Senate May 05, 2022
  • Passed Senate May 05, 2022
  • Passed House May 10, 2022
  • Signed by Governor May 25, 2022

Unemployment Compensation

Abstract

Sections 1, 7, and 9 of the bill amend the existing authority of the division of unemployment insurance (division) to issue bonds by: Clarifying that the division may issue the bonds through the state treasurer; and Granting the division the authority to levy bond assessments. Current law provides a temporary increase in partial unemployment benefits. Section 2 makes this temporary increase permanent.Section 3 repeals the requirement that an individual wait at least one week before becoming eligible for unemployment compensation. This repeal will take effect when the unemployment compensation fund reaches a balance of at least $1 billion.Section 4 requires the division to study how to implement a dependent allowance for individuals receiving unemployment compensation.Sections 4 and 10 require the department of labor and employment to award grants to one or more third-party administrators for the purpose of providing recovery benefits to eligible individuals. The grants to the third-party administrators and the recovery benefits are funded through .00035 of the premium each employer is required to submit to the division. An individual is eligible to receive recovery benefits if the individual, regardless of the individual's immigration status: Separated from employment through no fault of the individual; Received income from employment during a qualified base period or alternative base period; Attests that the individual is not currently receiving any state-administered wage replacement assistance; Is not eligible for state-administered wage replacement assistance for reasons related to the individual's authorization to work; and Has a pay stub or form W-2 to verify the individual's employment and wage withholding. Section 5 requires an employer to provide an employee with certain information about unemployment compensation upon the employee's separation from employment.Section 6 extends the hold on an employer's solvency surcharge through calendar year 2023.Sections 8 and 12 require the state treasurer to transfer $600 million to a newly created fund. The transfer is from money received by the state through the federal "American Rescue Plan Act of 2021". The money in the fund may be used only to repay the outstanding balance of federal advances provided to the state through the unemployment insurance trust fund and interest owed on the advances. Current law requires an individual to repay the division for overpaid unemployment compensation benefits unless the division finds that repayment would be inequitable. Section 11 sets forth factors that the division must consider in determining whether repayment would be inequitable.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Bill Sponsors (4)

Votes


Actions


May 25, 2022

Office of the Governor

Governor Signed

May 20, 2022

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

May 10, 2022

Senate

Senate Considered House Amendments - Result was to Concur - Repass

House

House Third Reading Passed - No Amendments

May 09, 2022

House

House Third Reading Laid Over Daily - No Amendments

May 06, 2022

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

May 05, 2022

House

House Committee on Finance Refer Amended to Appropriations

  • Referral-Committee
Appropriations Finance

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Senate

Senate Third Reading Passed - No Amendments

May 04, 2022

Senate

Senate Second Reading Special Order - Passed with Amendments - Floor

May 02, 2022

Senate

Senate Second Reading Special Order - Laid Over Daily with Amendments - Floor

Senate

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

  • Committee-Passage
Appropriations

Apr 29, 2022

Senate

Senate Committee on Finance Refer Unamended to Appropriations

  • Referral-Committee
Appropriations Finance

Apr 27, 2022

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Signed Act (05/25/2022) PDF
Final Act (05/20/2022) PDF
Rerevised (05/10/2022) PDF
Revised (05/06/2022) PDF
Reengrossed (05/05/2022) PDF
Engrossed (05/04/2022) PDF
Introduced (04/27/2022) PDF
PA2 (05/06/2022) PDF
PA1 (05/05/2022) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (05/01/2022) PDF
Fiscal Note SA2 (05/05/2022) PDF
Fiscal Note FN1 (04/29/2022) PDF
Fiscal Note FN2 (05/05/2022) PDF

Sources

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

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