Cost Of Living Adjustment For Colorado Works Program
An assistance unit that receives a basic cash assistance (BCA) payment from the Colorado works program at any time within one month after the effective date of the act shall receive a one-time $500 supplemental payment in addition to the amount of BCA an assistance unit currently receives. The one-time supplemental payment is not income for the purpose of any publicly funded program. The act prohibits the general assembly from appropriating more than $10 million for the one-time supplemental payments. If the one-time supplemental payment to each assistance unit exceeds $10 million, the one-time supplemental payment must be distributed evenly to each assistance unit.
Beginning July 1, 2021, and each fiscal year thereafter, the joint budget committee must review the sustainability of the Colorado long-term works reserve.
The act appropriates $8,424,500 to the department of human services from the federal temporary assistance for needy families block grant.
(Note: This summary applies to this bill as enacted.)