The bill directs the state treasurer to make an immediate, one-time transfer of $3 million from the general fund to the agriculture value-added cash fund to augment the department of agriculture's ongoing advancing Colorado's renewable energy and energy efficiency (ACRE 3 ) program. At least $150,000 of this money must be allocated to research, guidance, technical assistance, feasibility studies, and projects related to agrivoltaics. "Agrivoltaics" is defined as solar energy generation facilities located on land that is also used for agricultural production.
The bill also appropriates $2 million from the general fund to the conservation services division within the department of agriculture for the purpose of administering voluntary soil health programs. Of this amount, the department is directed to expend at least $1 million in grants to conservation districts, and all of the money appropriated to the conservation services division must be expended by December 31, 2022.
The bill requires the department of agriculture to periodically report on its expenditures to the office of state planning and budgeting and the general assembly.
(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.)