SB 21-289

  • Colorado Senate Bill
  • 2021 Regular Session
  • Introduced in Senate Jun 01, 2021
  • Passed Senate Jun 01, 2021
  • Passed House Jun 07, 2021
  • Signed by Governor Jun 24, 2021

Revenue Loss Restoration Cash Fund

Abstract

The act creates the revenue loss restoration cash fund (fund). The state treasurer is required to transfer $1 billion from the "American Rescue Plan Act of 2021" cash fund to the fund. This amount is a portion of the money that the state receives from the federal coronavirus state fiscal recovery fund that represents the state's revenue loss as calculated under United States department of treasury guidelines.The general assembly may appropriate or transfer money from the fund to a department for the provision of government services, including kindergarten through twelfth grade public education, housing, state employees, asset maintenance, seniors, criminal justice, state parks, agriculture, and transportation infrastructure. On and after January 1, 2022, the general assembly may only appropriate money from the fund through the annual general appropriation act or a supplemental appropriation act. The money in the fund is allocated to be used over the next 3 fiscal years.(Note: This summary applies to this bill as enacted.)

Bill Sponsors (4)

Votes


Actions


Jun 24, 2021

Office of the Governor

Governor Signed

Jun 15, 2021

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

Jun 07, 2021

Senate

Senate Considered House Amendments - Result was to Concur - Repass

House

House Third Reading Passed with Amendments - Floor

Jun 04, 2021

House

House Third Reading Laid Over Daily - No Amendments

Jun 03, 2021

House

House Second Reading Special Order - Passed with Amendments - Floor

House

House Committee on Appropriations Refer Unamended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Appropriations House Committee of the Whole

Jun 01, 2021

House

Introduced In House - Assigned to Appropriations

  • Introduction
Appropriations

Senate

Senate Third Reading Passed - No Amendments

May 28, 2021

Senate

Senate Second Reading Special Order - Passed with Amendments - Committee

Senate

Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole

  • Committee-Passage
Appropriations

Senate

Introduced In Senate - Assigned to Appropriations

  • Introduction
Appropriations

Bill Text

Bill Text Versions Format
Signed Act (06/24/2021) PDF
Final Act (06/15/2021) PDF
Rerevised (06/07/2021) PDF
Revised (06/03/2021) PDF
Reengrossed (06/01/2021) PDF
Engrossed (05/28/2021) PDF
Introduced (05/28/2021) PDF
PA1 (05/28/2021) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (06/02/2021) PDF
Fiscal Note FN1 (05/28/2021) PDF
Fiscal Note FN2 (07/26/2021) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.