CO HB1453

Relocates the Colorado Loans for Increasing Main Street Business Economic Resiliency (CLIMBER) Act from the Department of Treasury (Article 36, Part 2) to the Office of Economic Development (Article 48.5, Part 6), effective September 1, 2024.

Transfers all powers, duties, functions, employees, and property associated with administering the small business recovery and resiliency loan program from the Department of Treasury to the Division of Business Funding and Incentives within the Office of Economic Development.

Updates references throughout the law to reflect the relocation, including changing authority from "state treasurer" to "Office" for administering the loan program and issuing tax credits.

Expands the program's stated purpose to include supporting resiliency for small businesses as new challenges emerge, beyond just COVID-19 pandemic recovery.

Adds authority for the Office to seek and accept gifts, grants, donations, and federal funds for program purposes, with all funds deposited into the small business recovery and resiliency fund.