SB 18-005

Senate Bill 18-005, also known as the Rural Economic Advancement of Colorado Towns bill, allows the executive director of the Department of Local Affairs to provide non-monetary support to rural communities facing significant economic challenges like plant closures or large-scale layoffs. This assistance aims to help these communities retain and create jobs. The bill has been signed into law, meaning it is now active and can start providing aid to affected areas in Colorado.

Official Summary

The bill authorizes the executive director of the department of local affairs (executive director) or the executive director's designee to coordinate the provision of nonmonetary resources to assist with job retention or creation in a rural community experiencing a significant economic event, such as a plant closure or layoffs, including industry-wide layoffs, that has a significant, quantifiable impact on jobs within that community. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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