A Bill for an Act
Page 1, Line 101Concerning the repeal of the "Colorado Household
Page 1, Line 102Financial Recovery Pilot Program Act".
Bill Summary
(Note: This summary applies to this bill as introduced and does not reflect any amendments that may be subsequently adopted. If this bill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov/.)
Joint Budget Committee. In 2022, the general assembly created the Colorado household financial recovery pilot program to facilitate lending to individuals and households impacted by the COVID-19 pandemic who face financial insecurity and who have difficulty accessing affordable loans to address the financial insecurity.
The bill repeals the "Colorado Household Financial Recovery Pilot Program Act". On June 30, 2025, the state treasurer is required to transfer the balance of the Colorado household financial recovery pilot program fund to the general fund.
Page 2, Line 1Be it enacted by the General Assembly of the State of Colorado:
Page 2, Line 2SECTION 1. In Colorado Revised Statutes, 24-36-306, add (5) as follows:
Page 2, Line 324-36-306. Colorado household financial recovery pilot
Page 2, Line 4program fund - created - transfers - gifts, grants, and donations
Page 2, Line 5authorized. (5) On June 30, 2025, the state treasurer shall transfer the balance of the fund to the general fund.
Page 2, Line 6SECTION 2. In Colorado Revised Statutes, add 24-36-307 as follows:
Page 2, Line 724-36-307. Repeal of part.This part 3 is repealed, effective July 1, 2025.
Page 2, Line 8SECTION 3. Safety clause. The general assembly finds,
Page 2, Line 9determines, and declares that this act is necessary for the immediate
Page 2, Line 10preservation of the public peace, health, or safety or for appropriations for
Page 2, Line 11the support and maintenance of the departments of the state and state institutions.