HB2666 Summary

• Appropriates $2,281,921,685 total to the Department of Commerce and Economic Opportunity for fiscal year 2022, comprised of $36,852,200 in General Funds, $879,250,000 in Other State Funds, and $1,365,819,485 in Federal Funds.

• Funds operational expenses, administrative costs, grants, and permanent improvements across multiple DCEO offices including Tourism, Employment and Training, Business Development, Community Development, and Community and Energy Assistance.

• Appropriates $18,000,000 from the Cannabis Business Development Fund for administrative costs, awards, loans and grants under the Cannabis Regulation and Tax Act.

• Authorizes $570,000,000 from federal Consolidated Appropriations Act 2021 funds for financial assistance and housing stability services to eligible households, and $103,610,285 reappropriated from the Local Coronavirus Urgent Remediation Emergency Fund for COVID-19-related grants to local governments.

• Takes effect July 1, 2021.