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Legislative Year: 2021 Change
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Bill Detail: SB21-218

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Title Colorado Department Of Labor And Employment Employment And Training Technology Fund
Status Governor Signed (04/27/2021)
Bill Subjects
  • Labor & Employment
  • State Revenue & Budget
House Sponsors J. McCluskie (D)
Senate Sponsors B. Rankin (R)
C. Hansen (D)
House Committee Appropriations
Senate Committee Appropriations
Date Introduced 04/05/2021
Summary

Joint Budget Committee. Under current law, revenue from an
assessment on employers' unemployment insurance premiums, not to
exceed $10 million per year and not to exceed cumulative revenue of

$100 million, is allocated to the employment and training technology fund
(technology fund) in the division of unemployment insurance (division)
in the department of labor and employment to fund employment and
training automation initiatives established by the director of the division.
Any amount of revenues from the assessment that exceeds the $10 million
annual cap or the $100 million cumulative revenue cap is allocated to the
unemployment compensation fund. Additionally, if the balance in the
unemployment compensation fund falls below $100 million, the balance
in the technology fund is allocated to the unemployment compensation
fund.
The bill:
  • Eliminates the allocation of the technology fund balance to
the unemployment compensation fund when the
unemployment compensation fund balance falls below
$100 million;
  • Eliminates the $10 million cap on annual allocations to the
technology fund and adds a new, $7 million annual cap
starting July 1, 2023;
  • Eliminates the cap on cumulative revenue to the technology
fund;
  • Transfers any amounts credited to and remaining in the
technology fund between July 1, 2020, and the effective
date of the bill to the unemployment compensation fund;
and
  • Repeals the assessment for the technology fund on June 30,
2031.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (04/08/2021) (most recent)  
Additional Bill Documents Bill Documents
Including:
  • Past bill versions
  • Past fiscal notes
  • Committee activity and documents
  • Bill History
 
Lobbyists Lobbyists
Audio [This feature is available by subscription.]  
Votes House and Senate Votes
Vote Totals Vote Totals by Party
 
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