HB 24-1211

House Bill 24-1211 creates a special fund in Colorado’s treasury to help support senior services during unexpected challenges. The fund, which will initially have $2 million for the 2023-2024 fiscal year, can be used by local agencies and service providers who work with older adults when they face unforeseen difficulties. This fund is set to expire in September 2029 but will undergo a review before then. The bill has been signed into law and took effect on February 27, 2024.

Official Summary

The act creates the state funding for senior services contingency reserve fund (fund) in the department of the treasury to aid the state office on aging in addressing unforeseen circumstances experienced by an area agency on aging or a provider of eligible services. The act sets criteria that must be met for an area agency on aging or a provider of eligible services to receive money from the fund. For the 2023-24 fiscal year, the act appropriates $2million from the fund to the department of human services for use by the office of adults, aging, and disability services. The fund is repealed, effective September 1, 2029. Prior to repeal, the fund is subject to a sunset review. APPROVED by Governor February 27, 2024 EFFECTIVE February 27, 2024(Note: This summary applies to this bill as enacted.)

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