SB 23-001

Senate Bill 23-001 in Colorado creates a public-private collaboration unit within the state government that focuses on developing affordable housing projects. This unit will prioritize partnerships with private entities to use state-owned land for mixed-income developments, especially those addressing local affordable housing needs. The bill also allows the unit to accept donations and manage real estate transactions to support these initiatives. It was signed into law by the governor on May 20, 2023, and is now effective, meaning it has been officially implemented and its provisions are in place.

Official Summary

The public-private collaboration unit (unit) in the department of personnel (department) promotes the use of public-private partnerships between state public entities such as departments, agencies, or subdivisions of the executive branch of state government, and private partners as a tool for time and cost-efficient completion of public projects. The act requires that the unit give preference to proposed or executed public-private partnership agreements that will use state-owned real property for mixed-income development and affordable housing that is proportional to a community's demonstrated affordable housing needs and authorizes the unit to undertake additional functions in connection with public projects that provide affordable housing including: Accepting gifts, grants, and donations, which if monetary, are to be credited to the unused state-owned real property fund (fund); Utilizing proceeds from real estate transactions and revenue from public-private agreements; Acting as an agent on behalf of the department in real estate transactions using real property that upon approval by the governor has been deeded to the department by a state public entity, including for the purchase, transfer, exchange, sale and disposition, and lease of real property; and Establishing a process for using requests for information to solicit public projects. The act also allows the department and the unit to use money from the fund to facilitate these additional functions by the unit in connection with public projects that provide affordable housing and for the standard operating expenses of the unit. The state treasurer is required to transfer $5,000,000 from the general fund to the fund on July 1, 2023. For the 2023-24 state fiscal year, the act appropriates $47,583 to the department of law from the legal services cash fund from revenue received from the department of personnel that is continuously appropriated to the department of personnel from the unused state-owned real property fund. The department of law may use the appropriation to provide legal services for the department of personnel. APPROVED by Governor May 20, 2023 EFFECTIVE May 20, 2023 (Note: This summary applies to this bill as enacted.)

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