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Legislative Year: 2022 Change
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Bill Detail: HB22-1332

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Title Office of Economic Development and International Trade American Rescue Plan Act Funds For Rural Colorado
Status Sent to the Governor (04/20/2022)
Bill Subjects
  • Business & Economic Development
House Sponsors L. Herod (D)
J. McCluskie (D)
Senate Sponsors B. Rankin (R)
C. Hansen (D)
House Committee Appropriations
Senate Committee Appropriations
Date Introduced 03/28/2022
Summary

Joint Budget Committee. Senate Bill 21-291 transferred $40
million of American Rescue Plan Act of 2021 (ARPA) money from the

economic recovery and relief cash fund to the Colorado economic
development fund and directed the office of economic development and
international trade (OEDIT) to use $10 million of the money transferred
to incentivize small businesses to locate in rural Colorado and for the
location neutral employment incentive program. To ensure that the use of
the $10 million complies with ARPA requirements, the bill instead directs
OEDIT to use the money to support businesses in rural Colorado that
undertake economic development activity in rural Colorado in response
to the negative economic impacts of the COVID-19 pandemic.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (03/28/2022) (most recent)  
Additional Bill Documents Bill Documents
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  • Past fiscal notes
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