HB18-1058 Summary

• Renames the "underfunded courthouse facility cash fund commission" to the "underfunded court and jail facility cash fund commission" and expands its responsibilities to include county jails in addition to courthouses.

• Authorizes $30 million in annual transfers from the general fund to the fund for fiscal years 2018-19 through 2022-23, allocated as $10 million for grants, $10 million for court facility loans, and $10 million for jail facility loans.

• Allows grants to pay up to 50% of a county's annual voter-approved debt service on county-approved financing for construction or remodeling of court or jail facilities.

• Creates a low-interest loan program administered through a contracted bank or community development financial institution for counties to finance capital construction or remodeling costs of court or jail facilities.

• Establishes eligibility criteria for loans based on population, per capita income, property tax revenues, and poverty rates, with counties meeting all four criteria receiving highest priority.