C.R.S. Section 24-36-302
Legislative declaration

(1)

The general assembly finds and declares that:

(a)

The COVID-19 pandemic has had devastating economic and health consequences across the state, negatively impacting many Coloradans and disproportionately harming individuals and households that were already economically insecure;

(b)

The COVID-19 pandemic has caused many low- and moderate-income individuals and households to lose income due to the loss of employment, spend down their savings, borrow from friends, and incur more debt;

(c)

As a result of the recession precipitated by the COVID-19 pandemic, long-term economic challenges continue for many in Colorado, due to, among other factors, damaged consumer credit scores and reduced familial and childhood well-being;

(d)

Further, many individuals and households facing financial insecurity, including unserved and underserved populations, lack access to financial and banking services, including affordable loans, to help address economic insecurity;

(e)

Together with financial coaching and safe and affordable banking products, low-cost loans are an important tool to build long-term financial health;

(f)

By incentivizing financial institutions to issue loans to impacted individuals and households through a loan loss reserve, buying down interest rates, or providing lending capital, the state can foster long-term transformative change for individuals and households impacted by the COVID-19 pandemic or its negative economic impacts;

(g)

With one-time money, the state can catalyze positive market forces that exist outside of state government, leveraging new, or freeing up existing, resources to support the creation of affordable lending products currently unavailable to many Coloradans; and

(h)

Therefore, the creation of a household financial recovery pilot program supports the long-term recovery of Colorado individuals and households impacted by the COVID-19 pandemic and is an appropriate response to the harm caused by the COVID-19 pandemic or its negative economic impacts.

Source: Section 24-36-302 — Legislative declaration, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-24.­pdf (accessed Oct. 20, 2023).

24‑36‑101
State treasurer head of department 24‑36‑102
Function of department - employees 24‑36‑103
All state moneys to be transmitted to department 24‑36‑104
Moneys to be deposited 24‑36‑105
Accounts to be kept - daily report 24‑36‑106
Record of warrants and checks - order of payment - paid warrants and checks - validation 24‑36‑107
Warrants or checks endorsed when not paid - exception 24‑36‑108
Notice of payment - when interest ceases 24‑36‑109
Time deposits 24‑36‑111
Authority to accept deposits 24‑36‑111.5
Authority to invest in real property owned by a school district 24‑36‑112
Deposits in savings and loan associations 24‑36‑113
Investment of state money - limitations 24‑36‑114
How interest earnings credited - management fee 24‑36‑115
Moneys not immediately creditable - special purpose moneys 24‑36‑116
Moneys paid under protest - disposition 24‑36‑117
Governor may make examination 24‑36‑118
Applications for licenses - authority to suspend licenses - rules 24‑36‑120
Authority to assess transaction fees 24‑36‑121
Authority to manage state public financing - state public financing cash fund - rules - legislative declaration - definitions 24‑36‑121.5
Use of security tokens for state capital financing - feasibility study - authorization of use - legislative declaration - definitions 24‑36‑122
Law enforcement officers and firefighters - work-related death - continuation of medical benefits for dependants - cash fund - created - definitions 24‑36‑123
Rent reporting for credit pilot program - Colorado housing and finance authority - appropriations - repeal 24‑36‑201
Short title 24‑36‑202
Legislative declaration 24‑36‑203
Definitions 24‑36‑204
Small business recovery loan program oversight board - creation - report - repeal 24‑36‑205
Small business recovery loan program - creation - requirements - oversight 24‑36‑206
Small business recovery tax credits - authorization to issue - terms - report 24‑36‑207
Use of small business recovery tax credits - carry over 24‑36‑208
Small business recovery fund - repeal 24‑36‑209
Office of economic development 24‑36‑210
Repeal of part 24‑36‑301
Short title 24‑36‑302
Legislative declaration 24‑36‑303
Definitions 24‑36‑304
Colorado household financial recovery pilot program - created - selection of administrators - grants 24‑36‑305
Report 24‑36‑306
Colorado household financial recovery pilot program fund - created - transfer - gifts, grants, and donations authorized
Green check means up to date. Up to date

Current through Fall 2024

§ 24-36-302’s source at colorado​.gov