Sen. Rachel Zenzinger

Under current law, the money in the educator licensure cash fund (cash fund) is continuously appropriated through fiscal year 2023-24. The act extends the continuous appropriation authority to fiscal year 2029-30. On or before November 1, 2029, the department of education shall report to the education committees of the house of representatives and the senate and the joint budget committee concerning the revenue credited to, and expenditures from, the cash fund and shall make a recommendation whether the continuous appropriation authority should be maintained. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)

The act delays a $20 million transfer from the marijuana tax cash fund to the public school capital construction assistance fund from June 1, 2024, to June 1, 2026. The act reduces the appropriation to the department of education from the public school capital construction assistance fund for the 2024-25 state fiscal year by $20 million. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)

The act combines the food pantry assistance program and the food bank assistance program into a single program named the community food assistance provider grant program (grant program) in the department of human services (state department). The purpose of the grant program is to provide grants to procure and distribute nutritious foods that meet the needs of eligible entities' clientele. The state department may contract with a third-party vendor to solicit, vet, award, and monitor grants. The state department shall include information regarding the grant program at its "SMART Act" hearing. The act allows a recipient of the supplemental nutrition assistance program (recipient) to receive fuel assistance payments through the same payment mechanism that the recipient uses to receive other cash assistance benefits. For the 2024-25 state fiscal year, the act appropriates $3,000,000 from the general fund to the state department for the use by the office of economic security for the grant program. APPROVED by Governor April 18, 2024 EFFECTIVE July 1, 2024(Note: This summary applies to this bill as enacted.)

The act requires the state treasurer to transfer $31,160,000 from the state employee reserve fund to the general fund on June 30, 2024. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)

The act requires the state treasurer to transfer $10 million from the energy and carbon management cash fund to the stationary sources control fund on June 30, 2024. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)

The act requires the state treasurer to transfer $4 million from the general fund to the Colorado crime victim services fund on July 1, 2024. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)

For the 2023-24 state fiscal year, the department of health care policy and financing (department) distributed money appropriated for a supplemental state payment to the Denver health and hospital authority (Denver health). The act authorizes the department to continually distribute any money appropriated by the general assembly for payment to Denver health. For the 2024-25 state fiscal year, the act appropriates $5 million to the department for payments to Denver health. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)

The act requires the state treasurer to transfer $1,496,000 from the college opportunity fund to the general fund on June 30, 2024. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)

The state auditor, in cooperation with the public employees' retirement association (PERA), is required to contract with a nationally recognized and enrolled actuarial firm with experience in public pension plans to conduct the following analyses of PERA: A comprehensive study (comprehensive study) comparing the cost and effectiveness of the current hybrid defined benefit plan design currently administered by PERA to alternative plan designs in both the public and private sector; and As part of the comprehensive study, an analysis regarding specified aspects of the defined benefit plan and the defined contribution plan currently administered by PERA. PERA and the state auditor are required to confer with the office of state planning and budgeting regarding the scope of the comprehensive study and are required to provide a report detailing the findings of the comprehensive study to the governor, the joint budget committee, the legislative audit committee, and the finance committees of the senate and the house of representatives, or any successor committees. PERA is required to provide access to anonymized member information and data under a confidentiality agreement with the retained firm for the comprehensive study. For the 2024-25 state fiscal year, $380,750 is appropriated from the general fund to the legislative department for use by the office of the state auditor. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)

The act requires the state treasurer to transfer $500,000 from the general fund to the creative industries cash fund on July 1, 2024. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)