CO SB283

Establishes the "Infrastructure Investment and Jobs Act" cash fund in the state treasury and adds the federal "Inflation Reduction Act of 2022" as a related funding source for grant writing and project planning support.

Transfers $80.25 million from the general fund to the infrastructure cash fund by June 14, 2022, and an additional $84 million on July 1, 2023.

Authorizes the state to provide grant writing support, project planning support, and administrative services for federal infrastructure funding opportunities under both the Infrastructure Investment and Jobs Act and the Inflation Reduction Act.

Requires quarterly reporting to legislative committees beginning July 1, 2023, instead of the previous annual reporting requirement.

Transfers $5 million to the State Highway Fund on July 1, 2023, for the Department of Transportation to develop operational capacity to maximize federal infrastructure funding utilization, with this provision repealing July 1, 2025.