Colorado 2024 Regular Session

Colorado House Bill HB1466

Introduced
4/24/24  
Introduced
4/24/24  
Report Pass
4/26/24  
Refer
4/24/24  
Report Pass
4/26/24  
Engrossed
4/30/24  
Refer
4/26/24  
Engrossed
4/30/24  
Report Pass
5/2/24  
Refer
4/30/24  
Report Pass
5/2/24  
Engrossed
5/23/24  
Refer
5/2/24  
Engrossed
5/23/24  
Engrossed
5/23/24  
Passed
6/5/24  
Enrolled
5/23/24  

Caption

Refinance Federal Coronavirus Recovery Funds

Impact

The passage of HB 1466 is anticipated to streamline funding processes and fortify the allocation of resources specifically tailored for recovery programs. This includes substantial appropriations aimed at behavioral health initiatives, ensuring that funds are directed towards addressing mental health challenges exacerbated by the pandemic. The bill's provisions also reflect an intention to provide a systematic approach to capital construction and support state agencies in efficiently managing their financial resources during this recovery phase.

Summary

House Bill 1466 focuses on the management and appropriation of funds received from the federal coronavirus state fiscal recovery fund. The bill seeks to create a cash fund that simplifies the allocation of these funds for various programs and purposes, primarily related to recovery efforts following the pandemic. This initiative addresses the significant need for resources in sectors such as behavioral health, economic recovery, and community support, which have been adversely affected due to COVID-19.

Sentiment

The general sentiment around HB 1466 appears to be supportive, particularly among advocates for mental health and recovery services, who emphasize the urgency of allocating funds effectively. However, there are cautions regarding the implementation of these funds and ensuring that they reach the communities most in need. The discussions surrounding the bill underscore a collaborative effort to optimize the use of federal resources designed specifically for recovery, reinforcing the importance of community involvement in these decisions.

Contention

Although generally supported, HB 1466 has sparked discussion about the appropriateness of how funds should be allocated and used, particularly regarding behavioral health services. Some opponents have raised concerns about transparency and accountability in managing these funds, emphasizing the need for robust reporting requirements to ensure that the money effectively supports recovery efforts without delay. The bill's potential impact on existing programs and the adaptability of agencies to manage these allocations are also points of consideration.

Companion Bills

No companion bills found.

Previously Filed As

CO SB2543

Coronavirus State Fiscal Recovery Funds; amend provisions related to.

CO HB261407

Concerning state money that was used to refinance money received from the federal coronavirus state fiscal recovery fund, and, in connection therewith, transferring unspent state money to the general fund, extending a deadline for the use of...

CO SB2048

Coronavirus State Fiscal Recovery Fund; FY2026 reappropriate to certain agencies.

CO SB3053

Coronavirus State Fiscal Recovery Fund; FY2026 reappropriate to certain agencies.

CO SB3103

Coronavirus State Fiscal Recovery Fund; FY2027 reappropriate to certain agencies.

CO AB286

Interest earned on coronavirus state and local fiscal recovery funds. (FE)

CO SB280

Interest earned on coronavirus state and local fiscal recovery funds. (FE)

CO HB1

Supplemental appropriations from the American Rescue Plan Act-Coronavirus State Fiscal Recovery Fund, the American Rescue Plan Act-Coronavirus State Fiscal Recovery Revenue Replacement Fund, and the American Rescue Plan Act-Coronavirus Capital Projects Fund for the fiscal year ending September 30, 2022.

CO SB1

Supplemental appropriations from the American Rescue Plan Act-Coronavirus State Fiscal Recovery Fund, the American Rescue Plan Act-Coronavirus State Fiscal Recovery Revenue Replacement Fund, and the American Rescue Plan Act-Coronavirus Capital Projects Fund for the fiscal year ending September 30, 2022.

CO SB2132

Coronavirus State Fiscal Recovery Funds; FY2026 appropriation to City of Rolling Fork for improvement of water system.

Similar Bills

No similar bills found.