CO HB1308

Creates the Economic Stability Cash Fund to provide funding for economic development programs during periods of high unemployment (when Colorado's seasonally adjusted U-3 unemployment rate equals or exceeds 8 percent).

Requires the general assembly to annually appropriate $7.5 million to the Economic Stability Cash Fund starting in fiscal year 2014-15, subject to available appropriations.

Requires the general assembly to annually appropriate an additional $7.5 million to the Colorado Office of Economic Development for economic development programs starting in fiscal year 2014-15, with $2.5 million designated for the Colorado First Program.

Specifies that all appropriated funds shall supplement, not replace, existing economic development appropriations.

Takes effect only if House Bill 12-1251 or House Bill 12-1260 becomes law, and is subject to potential referendum petition under Colorado's constitutional provisions.