Mechanisms For Federal Infrastructure Funding
| Type | Bill |
|---|---|
| Session | 2023 Regular Session |
| Subjects |
Concerning mechanisms to utilize federal funding under federal infrastructure-related acts, and, in connection therewith, making an appropriation.
Bill Summary:
Existing law allows money expended from the "Infrastructure Investment and Jobs Act" (IIJA) cash fund (cash fund) to be used as matching nonfederal money for infrastructure projects pursuant to requirements of the IIJA as well as for grant writing support, project planning support, and administrative needs. The act clarifies that, with respect to the project planning support for which money from the fund is already authorized to be expended, the Governor's office (office) may specifically expend money from the fund for project planning support for federal funding opportunities in connection with the IIJA and related federal funding opportunities including funding opportunities from the "Inflation Reduction Act". The act requires the state treasurer to transfer $84 million from the general fund to the cash fund on July 1, 2023. Additionally, the act changes the annual reporting requirement of the office to a quarterly reporting requirement beginning on July 1, 2023.
The act also requires the state treasurer to transfer $5 million from the general fund to the state highway fund on July 1, 2023, for use by the department of transportation to develop comprehensive operational capacity to maximize utilization and implementation of federal infrastructure funding.
The board of trustees of the Colorado school of mines (board of trustees) has been authorized to lease real or personal property, or both, to state or federal governmental agencies, among other entities, for terms not to exceed 80 years. The act expands this authorization to allow the board of trustees to lease such property for terms not to exceed 99 years.
The act appropriates $84,000,000 for state fiscal year 2023-24 from the "Infrastructure Investment and Jobs Act" cash fund to the office and principal departments of the executive branch of state government. Any portion of the appropriation that is not spent during state fiscal year 2023-24 is further appropriated through state fiscal year 2026-27.
APPROVED by Governor May 22, 2023
EFFECTIVE May 22, 2023
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 04/21/2023 | PA1 |
| Date | Version | Documents |
|---|---|---|
| 04/28/2023 | SA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 23-283 to the Committee of the Whole. | The motion passed on a vote of 10-1. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| This is a conceptual amendment to J.001 to change the appropriation from $86.0 million to $84.0 million | The motion passed without objection. | Vote summary |
| Adopt amendment L.001 | The motion passed without objection. | Vote summary |
| Adopt amendment L.002 | The motion passed without objection. | Vote summary |
| Refer Senate Bill 23-283, as amended, to the Committee of the Whole. | The motion passed on a vote of 4-3. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/02/2023 | Third Reading | BILL |
51
AYE
14
NO
0
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/25/2023 | Third Reading | BILL |
23
AYE
12
NO
0
OTHER
|
Vote record |
| 04/25/2023 | Third Reading | AMEND (L.007) |
35
AYE
0
NO
0
OTHER
|
Vote record |
| Date | Amendment Number | Committee/ Floor Hearing | Status | Documents |
|---|---|---|---|---|
| 04/25/2023 | L.007 | Third Reading | Passed | |
| 04/24/2023 | L.006 | Second Reading | Passed [**] | |
| 04/24/2023 | L.004 | Second Reading | Lost [**] | |
| 04/21/2023 | L.002 | SEN Appropriations | Passed [*] | |
| 04/21/2023 | L.001 | SEN Appropriations | Passed [*] |
| Date | Location | Action |
|---|---|---|
| 05/22/2023 | Governor | Governor Signed |
| 05/08/2023 | Governor | Sent to the Governor |
| 05/07/2023 | House | Signed by the Speaker of the House |
| 05/05/2023 | Senate | Signed by the President of the Senate |
| 05/02/2023 | House | House Third Reading Passed - No Amendments |
| 05/01/2023 | House | House Second Reading Special Order - Passed - No Amendments |
| 04/29/2023 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 04/25/2023 | House | Introduced In House - Assigned to Appropriations |
| 04/25/2023 | Senate | Senate Third Reading Passed with Amendments - Floor |
| 04/24/2023 | Senate | Senate Second Reading Special Order - Passed with Amendments - Committee, Floor |
| 04/21/2023 | Senate | Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole |
| 04/14/2023 | Senate | Introduced In Senate - Assigned to Appropriations |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 05/22/2023 | 240 | Mechanisms For Federal Infra Funding |