HB 23-1087

House Bill 23-1087 allows the state of Colorado to provide advanced payment for charitable food organizations that use grant money to buy agricultural products from local farmers. This means these organizations can get funds upfront to purchase food, which helps support both the charities and local agriculture. The bill was signed by the governor on March 31, 2023, and will take effect on August 7, 2023.

Official Summary

The act creates an additional exception to the general prohibition on advance payment in the state's fiscal rule by directing the controller to promulgate rules providing for advance payment for the purchase of state agricultural products by a charitable food organization using state grant money. APPROVED by Governor March 31, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)

Votes