SB 23-263
signedGeneral Fund Loand Natural Disaster Mitigation Enterprise
Plain-English Summary
AI-generatedSenate Bill 23-263 allows the state treasurer to lend $95,000 from Colorado's general fund to a natural disaster mitigation program. This loan will help cover initial costs until the program can generate its own revenue through fees or bond sales. The bill requires that this money be paid back with interest by the end of 2025. Governor Jared Polis signed the bill into law on June 6, 2023, and it is now in effect.
Official Summary
The act requires the state treasurer to transfer $95,000 from the general fund to the natural disaster mitigation cash fund to defray expenses incurred by the natural disaster mitigation enterprise (enterprise) before the enterprise receives fee revenue or revenue bond proceeds. The transfer is a loan from the state treasurer to the enterprise that is required to be repaid and is not a grant for purposes of the state constitution or any other state law. The enterprise is required to repay the loan and accumulated interest by December 31, 2025.
APPROVED by Governor June 6, 2023
EFFECTIVE June 6, 2023 (Note: This summary applies to this bill as enacted.)
Details
- Chamber
- Senate
- First action
- 2023-06-06
- Latest action
- 2023-04-03
- Last action desc.
- Introduced In Senate - Assigned to Finance
- OpenStates
- View source ↗
Related Legislation
This bill affects (28)
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relatesSB 23-221(2023A)· signedHealthy School Meals For All Program Fund
relatesSB 23-280(2023A)· signedHazardous Material Mitigation
relatesSB 17-267(2017A)· signedSustainability Of Rural Colorado
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relatesHB 22-1289(2022A)· signedHealth Benefits For Colorado Children And Pregnant Persons
relatesHB 18-1161(2018A)· signedSupplemental Appropriation - Dept Of Health Care Policy & Financing
relatesHB 18-1162(2018A)· signedSupplemental Appropriation - Department Of Human Services
relatesSB 17-162(2017A)· signedSupplemental Appropriations Department of Health Care Policy & Financing
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relatesHB 18-1001(2018A)· signedFAMLI Family Medical Leave Insurance Program
relatesHB 22-1133(2022A)· signedFamily And Medical Leave Insurance Fund
relatesSB 23-124(2023A)· signedDepartment of Local Affairs Supplemental
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relatesHB 17-1339(2017A)· failedColorado Energy Impact Assistance Act
relatesHB 18-1392(2018A)· signedState Innovation Waiver Reinsurance Program
relatesHB 22-1173(2022A)· signedDepartment of Health Care Policy & Financing Supplemental
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relatesSB 23-117(2023A)· signedDepartment of Health Care Policy & Financing Supplemental
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relatesSB 18-004(2018A)· signedFunding For Full-day Kindergarten
relatesSB 22-232(2022A)· signedCreation Of Colorado Workforce Housing Trust Authority
relatesSB 22-121(2022A)· signedTuition Revenue Pledged By Institution Higher Education
Affected by (66)
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amendsSB 25-263(2025A)· signedSpending Authority Statutes
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amendsSB 24-166(2024A)· signedAir Quality Enforcement
amendsHB 26-1422(2026A)· signedSecurity Measures for Certain Government Entities
amendsHB 24-1408(2024A)· signedExpenditures for Care Assistance Programs
amendsHB 24-1469(2024A)· signedCollections for Another Government
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relatesSB 26-139(2026A)· failedLocal Education Provider Workforce Housing
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relatesHB 26-1161(2026A)· signedDepartment of Local Affairs Supplemental
relatesHB 24-1192(2024A)· signedDepartment of Local Affairs Supplemental
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relatesSB 26-141(2026A)· signedWildlife Collision Prevention
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relatesSB 24-208(2024A)· signedColorado Department of Labor and Employment Regulate Electricity for Electric Vehicles
relatesHB 26-1178(2026A)· signedExpenditures in Excess of Appropriations
relatesHB 24-1185(2024A)· signedDepartment of Health Care Policy & Financing Supplemental
relatesSB 24-230(2024A)· signedOil & Gas Production Fees
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relatesSB 26-135(2026A)· passedState Public K-12 Education Funding
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relatesSB 24-123(2024A)· signedWaste Tire Management Enterprise
relatesHB 25-1144(2025A)· signedRepeal Retail Delivery Fees
relatesSB 25-117(2025A)· signedReduce Transportation Costs Imposed by Government
relatesSB 25-100(2025A)· signedDepartment of Local Affairs Supplemental
relatesHB 25-1303(2025A)· signedFunding for Motor Vehicle Collision Prevention
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relatesHB 25-1268(2025A)· signedUtility On-Bill Repayment Program Financing
relatesHB 25-1165(2025A)· signedGeologic Storage Enterprise & Geothermal Resources
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repealsHB 24-1466(2024A)· signedRefinance Federal Coronavirus Recovery Funds
repealsHB 26-1411(2026A)· signedChanges to Cover All Coloradans Program
repealsSB 25-321(2025A)· signedMotor Vehicle Emissions Inspection Facilities
Votes
BILL
2023-05-06 · House · pass — Yes: 47 · No: 18 · Other: —
BILL
2023-05-01 · Senate · pass — Yes: 23 · No: 11 · Other: —