HB 22-1342

House Bill 22-1342, also known as the State Emergency Reserve Cash Fund bill, requires the state treasurer to put any interest and income earned from federal coronavirus relief funds into a special emergency fund. This fund can only be used during declared emergencies according to Colorado's Taxpayer's Bill of Rights. The bill has been signed into law, meaning it is now active and the state will start managing these funds as specified by the legislation.

Official Summary

The act requires the state treasurer to credit any interest and income derived from the deposit and investment of federal funds that the state received from the federal coronavirus state fiscal recovery fund to the state emergency reserve cash fund, which is available for declared emergencies only as required by the taxpayer's bill of rights. (Note: This summary applies to this bill as enacted.)

Votes