Transfer to Colorado Economic Development Fund

The act requires the state treasurer to transfer $5 million from the general fund to the Colorado economic development fund and requires the Colorado office of economic development (office) to use the transferred money in connection with the federal "Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act of 2022". The act also requires the office to submit an annual report to the joint budget committee detailing how the office is expending the transferred money. APPROVED by Governor March 6, 2023 EFFECTIVE March 6, 2023 (Note: This summary applies to this bill as enacted.)