The bill directs the state treasurer to transfer, on the effective date of the bill, $5 million from the general fund to the energy outreach Colorado low-income energy assistance fund (fund). The Colorado energy office administers the fund for use by Energy Outreach Colorado, which organization provides direct utility bill payment assistance to low-income households. Energy Outreach Colorado must expend the money before June 30, 2021. On or before July 15, 2021, Energy Outreach Colorado is required to report to the Colorado energy office regarding the amount of the transferred money that was disbursed for direct bill payment assistance and the amount returned to the state. The Colorado energy office may audit Energy Outreach Colorado's financial transactions and accounts regarding the money received.
(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)