SB 25-114: Repeal of the FLEX Program - Colorado

Rerevised (02/13/2025) → Revised (02/12/2025) · 3 edits

MINOR

The bill text was revised to reflect that all amendments were adopted on second reading in the second house, rather than being fully adopted. The list of house sponsors was significantly reduced, removing multiple co-sponsors while keeping only the primary sponsors Bird and Taggart. These changes appear to be procedural updates related to the legislative process rather than substantive policy modifications.

TECHNICAL

Header text was updated to clarify that amendments were adopted on second reading in the second house instead of being fully adopted.

Multiple house co-sponsors were removed from the bill sponsorship list, reducing the list from 16 names to just 2 primary sponsors.

Date stamp was changed from February 13, 2025 (3rd Reading Unamended) to February 12, 2025 (Revised), reflecting the legislative timeline.

Final Act (02/21/2025) → Rerevised (02/13/2025) · 3 edits

MINOR

The bill text was reorganized and reformatted from a final act version to a rerevised version for legislative record-keeping, with no substantive policy changes to the FLEX program repeal. The core provisions remain identical: transferring unexpended FLEX funds to the general fund on June 30, 2025, and repealing the program effective July 1, 2025.

TECHNICAL

Removed final act signature language and governor's approval notation

Added revised bill header with session information, reading dates, and committee assignments

Reformatted bill structure to match standard legislative rerevision format with page numbering and amendment indicators

Signed Act (02/27/2025) → Final Act (02/21/2025) · 1 edit

MINOR

This bill remains substantively unchanged in its policy provisions, with only formatting and layout adjustments between the signed and final versions. The core legislative content regarding the repeal of the Financial Literacy and Exchange Program, including the transfer of FLEX funds and the repeal effective date, is identical in both versions.

TECHNICAL

Formatting adjustments including removal of explanatory notes about bill preparation and signature verification, reorganization of sponsor and clerk signature blocks, and cleanup of layout elements like page headers and footers.

Reengrossed (02/06/2025) → Signed Act (02/27/2025) · 3 edits · Feb 27, 2025

MINOR

This bill repeals Colorado's Financial Literacy and Exchange (FLEX) program, which allowed households receiving housing vouchers to open savings accounts with a $200 monthly match. The legislation transfers all remaining unspent FLEX funds to the state's general fund by June 30, 2025, and officially ends the program on July 1, 2025. The change reflects a decision to discontinue the program, likely due to administrative challenges in providing required services to participants.

Scope change

The bill eliminates the FLEX program entirely, removing eligibility for housing voucher recipients to participate in the savings account matching program.

PROGRAM

The Financial Literacy and Exchange (FLEX) program is repealed, ending the ability for housing voucher recipients to open matched savings accounts.

TIMELINE

All unspent FLEX funds must be transferred to the general fund by June 30, 2025.

The FLEX program officially ends on July 1, 2025.

Engrossed (02/05/2025) → Reengrossed (02/06/2025) · 2 edits · Feb 6, 2025

MINOR

The bill was reengrossed to incorporate all amendments adopted during the House of Introduction's third reading. The primary change is the addition of a note indicating that a bill summary for the reengrossed version will be available on February 6, 2025, rather than the previous version which did not reflect subsequent amendments. This update ensures the legislative record accurately reflects the final amended text before further action.

TECHNICAL

Updated the bill status from 'Engrossed' to 'Reengrossed' to reflect that all amendments adopted in the House of Introduction are now included in this version.

Added a note specifying that a bill summary for the reengrossed version will be available on February 6, 2025, providing a clearer timeline for when updated summaries will be published.

Introduced (02/03/2025) → Engrossed (02/05/2025) · 1 edit · Feb 6, 2025

MINOR

The bill was formally reclassified from 'Introduced' to 'Engrossed' status, indicating it has passed the House of Representatives and all amendments have been incorporated. This procedural change marks the bill's progression in the legislative process but does not alter the substantive policy content regarding housing voucher savings accounts.

TECHNICAL

Document status changed from 'Introduced' to 'Engrossed' with updated legislative session headers and page numbering adjustments.

Repeal of the FLEX Program

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