Naquetta Ricks
- Democratic
- Representative
- District 40
Primary
The act relocates the "Colorado Loans for Increasing Main Street Business Economic Recovery Act" and renames it the "Colorado Loans for Increasing Main Street Business Economic Resiliency Act" (CLIMBER Act). The administration of the CLIMBER Act small business recovery and resiliency loan program (loan program) is moved and the powers, duties, and functions associated with the administration of the CLIMBER Act are transferred from the department of the treasury to the office of economic development (office). Along with this relocation, the act makes the following changes to the CLIMBER Act: Removes the requirement for the loan program that at least 90% of the money in any prior tranche be invested in small business loans before the office can provide another tranche to a loan program or to the Colorado credit reserve; Allows the office to accept and expend gifts, grants, donations, and federal funds to support the CLIMBER Act and credits this money to the existing small business recovery and resiliency fund; and Removes the future repeal of the CLIMBER Act. APPROVED by Governor June 3, 2024 EFFECTIVE September 1, 2024(Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the President of the Senate
Signed by the Speaker of the House
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed - No Amendments
Senate Committee on Finance Refer Unamended to Senate Committee of the Whole
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed - No Amendments
House Second Reading Laid Over Daily - No Amendments
House Committee on Finance Refer Unamended to House Committee of the Whole
| Bill Text Versions | Format |
|---|---|
| Signed Act (06/03/2024) | |
| Final Act (05/17/2024) | |
| Rerevised (05/03/2024) | |
| Revised (05/02/2024) | |
| Reengrossed (04/26/2024) | |
| Engrossed (04/25/2024) | |
| Introduced (04/15/2024) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note FN1 (04/17/2024) | |
| Fiscal Note FN2 (06/17/2024) |
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