HB 22-1409

House Bill 22-1409 provides $20 million for a community revitalization grant program in Colorado, which will help fund projects that revitalize communities. Starting from July 1, 2022, only nonprofit organizations and entities can receive these grants; for-profit businesses are no longer eligible. The bill has been signed into law, meaning the funding transfer and eligibility changes are now official.

Official Summary

To provide additional funding for the community revitalization grant program, the act requires the state treasurer to transfer $20 million from the economic recovery and relief cash fund to the community revitalization fund on July 1, 2022. On and after the effective date of the act, for-profit entities and organizations are no longer eligible to receive grants through the program. (Note: This summary applies to this bill as enacted.)

Votes