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First Regular Session | 75th General Assembly
Colorado General Assembly
SB23-209

Remove Erroneous Date From CLIMBER Act

Type Bill
Session 2023 Regular Session
Subjects
Business & Economic Development State Government

Concerning removal of the date restriction in the definition of "eligible borrower" used to determine a business's eligibility for a small business recovery loan under the "CLIMBER Act".

Bill Summary:

The "Colorado Loans for Increasing Main Street Business Economic Recovery Act" (CLIMBER Act) provides small business recovery loans to Colorado businesses affected by the COVID-19 pandemic. In 2022, the general assembly amended the CLIMBER Act by requiring that the determination as to whether a business has sufficient financial viability to be an "eligible borrower" be based on the business's current financial condition rather than, as had been the case, the business's financial condition as of February 29, 2020, but in doing so failed to delete all the obsolete statutory references to "February 29, 2020". The act corrects that omission by deleting the remaining obsolete reference to "February 29, 2020,".

APPROVED by Governor May 24, 2023

EFFECTIVE August 7, 2023

NOTE: This act was passed without a safety clause and takes effect 90 days after sine die.
(Note: This summary applies to this bill as enacted.)

Prime Sponsors

Senator Joann Ginal

Senator

Joann Ginal

Senator Janice Rich

Senator

Janice Rich

Representative Rick Taggart

Representative

Rick Taggart

Representative Naquetta Ricks

Representative

Naquetta Ricks

Committees

Senate

Business, Labor, & Technology

House

Finance

Status

Became Law

Introduced

Passed

Became Law

Related Documents & Information

Date Version Documents
05/24/2023 Signed Act PDF
05/10/2023 Final Act PDF
05/06/2023 Rerevised PDF
05/03/2023 Revised PDF
04/10/2023 Reengrossed PDF
04/06/2023 Engrossed PDF
03/20/2023 Introduced PDF
Date Version Documents
07/10/2023 FN2 PDF
03/29/2023 FN1 PDF
Activity Vote Documents
Refer Senate Bill 23-209 to the Committee of the Whole. The motion passed on a vote of 11-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Activity Vote Documents
Refer Senate Bill 23-209 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 8-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Date Calendar Motion Vote Vote Document
05/06/2023 Third Reading BILL
63
AYE
2
NO
0
OTHER
 		Vote record
Date Calendar Motion Vote Vote Document
04/10/2023 Third Reading BILL
35
AYE
0
NO
0
OTHER
 		Vote record
Date Location Action
05/24/2023 Governor Governor Signed
05/10/2023 Governor Sent to the Governor
05/10/2023 Senate Signed by the President of the Senate
05/09/2023 House Signed by the Speaker of the House
05/06/2023 House House Third Reading Passed - No Amendments
05/04/2023 House House Third Reading Laid Over Daily - No Amendments
05/03/2023 House House Second Reading Special Order - Passed - No Amendments
04/19/2023 House House Second Reading Laid Over Daily - No Amendments
04/17/2023 House House Committee on Finance Refer Unamended to House Committee of the Whole
04/10/2023 House Introduced In House - Assigned to Finance
04/10/2023 Senate Senate Third Reading Passed - No Amendments
04/06/2023 Senate Senate Second Reading Special Order - Passed - No Amendments
04/04/2023 Senate Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole
03/20/2023 Senate Introduced In Senate - Assigned to Business, Labor, & Technology
Effective Date Chapter # Title Documents
05/07/2023 250 Remove Erroneous Date From CLIMBER Act PDF

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