HB 24-1465 Summary

• Transfers $400,000 from the General Fund to the Family and Medical Leave Insurance Fund on June 24, 2024, as an advance payment for state employee insurance premiums.

• Returns $1.1 million from the Family and Medical Leave Insurance Fund to the American Rescue Plan Act of 2021 Cash Fund on June 30, 2024.

• Extends spending deadlines for multiple federal coronavirus relief fund programs from December 30, 2024, to December 31, 2026, allowing departments to continue utilizing American Rescue Plan Act allocations.

• Reallocates funds between the Affordable Housing and Home Ownership Cash Fund, Rural Provider Access and Affordability Stimulus Grant Program, and Domestic Violence and Sexual Assault Services Fund back to federal recovery cash funds.

• Modifies the Colorado Opportunity Scholarship Initiative ("Finish What You Started") to continue supporting eligible ongoing program participants through completion of their academic programs in fiscal years 2024-25 and 2025-26.