The bill extends the Colorado economic development commission (commission) by changing the repeal date of its organic statute to July 1, 2025. In addition, the bill authorizes the commission to transfer money appropriated to the commission to the Colorado economic development fund and to expend such money without further appropriation.
The bill appropriates $5 million from the general fund to the office of the governor for use by the Colorado office of economic development. The office of economic development may use the appropriation for the commission.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)