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HB21-1290

Additional Funding For Just Transition

Concerning funding to provide just transition for coal transition workers and coal transition communities, and, in connection therewith, making an appropriation.
Session:
2021 Regular Session
Subjects:
Business & Economic Development
Energy
Labor & Employment
Bill Summary

The bill makes general fund transfers of $8 million to the just transition cash fund (fund) and $7 million to a newly created coal transition worker assistance program account (account) in the fund. The just transition office (office) is required to expend at least 70% of the money transferred to the fund in by the close of state fiscal year (FY) 2021-22 and any remaining money in state FY 2022-23 to implement the final just transition plan for Colorado and to provide supplemental funding for existing state programs that the office identifies as the most effective vehicles for targeted investment in coal transition communities. In expending the money, the office is required to develop specific criteria for prioritizing the expenditures, emphasize investment in tier one transition communities, as defined by the bill, and support specified types of programs in accordance with specified requirements and limitations.

Subject to specified requirements and limitations, the department of labor and employment (CDLE) is required to expend at least 70% of the money transferred to the account in by the close of state FY 2021-22 and any remaining money in state FY 2022-23 first for assistance programs that directly assist coal transition workers and then, if money remains, to support family and other household members of coal transition workers and create and implement a pilot program to test innovative coal transition work support programs.

The bill also:

  • Amends and supplements existing definitions of "coal transition community" and "coal transition worker" to improve the implementation of just transition;
  • For state FY 2020-21, appropriates $8 million from the fund to CDLE for use by the office to implement the final just transition plan for Colorado and to provide supplemental funding for existing state programs that the office identifies as the most effective vehicles for targeted investment in coal transition communities as specified in the bill. Any portion of the appropriation not spent by the close of state FY 2020-21 remains available for expenditure by the office for the same purposes until the close of state FY 2022-23; and
  • For state FY 2020-21, appropriates $7 million from the account to CDLE for use by CDLE first for assistance programs that directly assist coal transition workers and then, if money remains, to support family and other household members of coal transition workers and create and implement a pilot program to test innovative coal transition work support programs as specified in the bill. Any portion of the appropriation not spent by the close of state FY 2020-21 remains available for expenditure by CDLE for the same purposes until the close of state FY 2022-23.

(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed

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