SB 17-280

Senate Bill 17-280 extends the Colorado Economic Development Commission's operation until July 1, 2025. It also allows the commission to manage and spend up to $5 million from the state’s general fund for economic development activities without needing additional approval each time. This bill benefits businesses and communities by providing continued support for economic growth initiatives in Colorado. Since it has been signed into law, the commission can now proceed with these funds to promote economic development projects across the state.

Official Summary

The bill extends the Colorado economic development commission (commission) by changing the repeal date of its organic statute to July 1, 2025. In addition, the bill authorizes the commission to transfer money appropriated to the commission to the Colorado economic development fund and to expend such money without further appropriation. The bill appropriates $5 million from the general fund to the office of the governor for use by the Colorado office of economic development. The office of economic development may use the appropriation for the commission. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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