SB 23-137 Summary

• Transfers $5 million from the Colorado General Fund to the Colorado Economic Development Fund on April 1, 2023

• Allocates the transferred funds to the Colorado Office of Economic Development for use with the federal CHIPS and Science Act of 2022

• Requires annual reports to the Joint Budget Committee by November 1 each year through 2028 detailing project funding, recipients, geographic locations, funding types, anticipated economic benefits, timelines, rural outreach efforts, and administrative costs

• Repeals this funding provision effective December 31, 2028