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SB21-230

Transfer To Colorado Energy Office Energy Fund

Concerning a transfer of money from the general fund to the energy fund to finance programs of the Colorado energy office, and, in connection therewith, making an appropriation.
Session:
2021 Regular Session
Subjects:
Business & Economic Development
Energy
Fiscal Policy & Taxes
Natural Resources & Environment
State Revenue & Budget
Bill Summary

The bill directs the state treasurer to make an immediate, one-time transfer of $40 million from the general fund to the energy fund administered by the Colorado energy office (CEO). The CEO may use the money for its ongoing programs plus the following enumerated purposes:

  • Making grants to the Colorado Clean Energy Fund and the Colorado new energy improvement district totaling up to $30 million and $3 million, respectively;
  • Increasing the amounts available through residential energy upgrade loans by up to $2 million; and
  • Providing up to $5 million in additional funding to the charge ahead Colorado program administered by the CEO.

The bill requires the CEO to periodically report on its expenditures to the office of state planning and budgeting and the general assembly.

The bill appropriates $40 million from the energy fund to the CEO to be used for the specified purposes.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. C. Hansen, Sen. F. Winter
Rep. T. Bernett, Rep. A. Valdez

Sponsor

Co-sponsor