SB20B-003 Summary

• Transfers $5 million from the General Fund to the Energy Outreach Colorado Low-Income Energy Assistance Fund to assist individuals unable to pay energy utility bills.

• Requires the Colorado Energy Office to distribute transferred funds to the administering organization within three business days.

• Mandates the organization disburse all received funds before June 30, 2021, with any unspent money returned to the state by that date.

• Requires the organization to submit a report to the Colorado Energy Office by July 15, 2021, detailing amounts disbursed and returned, with the state permitted to conduct audits with aggregated data to maintain privacy.

• Prohibits use of transferred funds for administrative expenses or application-related costs, and repeals the emergency assistance provisions effective September 1, 2021.