Judy Amabile
- Democratic
- Senator
- District 18
Primary
The act updates the funding mechanism for the division of unemployment insurance (division) by changing the name of the "employment and training technology fund" to the "unemployment insurance program support fund" and expanding the use of the fund to include the information technology and administrative costs of the division. Colorado law specifies how the division must disburse money collected from the employer support surcharge. The act modifies the disbursement of this surcharge to: 11% for the employment support fund (decreased from 35%); 54% for the unemployment insurance program support fund (increased from 32%); 20% for the workforce development fund (increased from 14%); and 15% for the benefit recovery fund (decreased from 19%). The act requires all money collected in each fund that is in excess of the maximum balance amounts authorized for the fund to be credited to the unemployment compensation fund. The act ties the adjustments of the fund caps to the change in average weekly earnings instead of to the consumer price index. The act also adjusts the cap for the unemployment insurance program support fund. (Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the Speaker of the House
Signed by the President of the Senate
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed - No Amendments
House Committee on Appropriations Refer Unamended to House Committee of the Whole
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed - No Amendments
Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
| Bill Text Versions | Format |
|---|---|
| Signed Act (04/28/2025) | |
| Final Act (04/16/2025) | |
| Rerevised (04/10/2025) | |
| Revised (04/09/2025) | |
| Reengrossed (04/03/2025) | |
| Engrossed (04/02/2025) | |
| Introduced (03/31/2025) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note SA1 (03/31/2025) | |
| Fiscal Note SA2 (04/03/2025) | |
| Fiscal Note FN1 (03/31/2025) |
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