HB 22-1001 Summary

• Transfers $8,435,000 from the Colorado General Fund to the Department of State Cash Fund on July 1, 2022

• Establishes a credit program to reduce certain business-related fees charged by the Department of State for fiscal year 2022-23

• Credit program for reduced business fees expires on June 30, 2023, unless the General Assembly extends it

• Allows the Secretary of State to reduce business filing and registration fees below cost levels using the transferred funds to support small businesses affected by COVID-19

• Department of State Cash Fund moneys cannot be deposited in or transferred to the General Fund or any other state fund