C.R.S.
Section 25.5-6-1804
Spending plan
- approval by joint budget committee
- reporting
(1)
Intentionally left blank —Ed.(a)
As soon as practicable after receiving federal guidance, the state department shall submit a proposed spending plan for expenditures pursuant to this part 18 to the joint budget committee for the committee’s rejection or approval. If a proposed spending plan is rejected, the state department shall resubmit a new plan as soon as possible. The joint budget committee may make recommendations for modifications to the spending plan. The state department shall not implement the spending plan unless the joint budget committee approves the spending plan.(b)
The state department shall identify in the plan the data, research, and evidence used to determine the spending plan in a manner consistent with the instructions published by the office of state planning and budgeting pursuant to section 24-37-302 (1)(a).(c)
The spending plan must incorporate any available federal funds.(d)
The state department shall not include provisions in the spending plan or implement provisions of the spending plan that are not eligible for funding pursuant to federal guidance relating to the “American Rescue Plan Act”.(2)
Commencing November 1, 2021, and occurring quarterly thereafter, the state department shall report to the joint budget committee concerning the status of expenditures pursuant to this part 18.(3)
The reports must include:(a)
The scope, intended impact, and amount of money disbursed from the money received pursuant to the “American Rescue Plan Act”;(b)
A description of how the state department incorporated stakeholder feedback into plans for the disbursement of money; and(c)
An update as to the total amount of money disbursed from the money received pursuant to the “American Rescue Plan Act”, the remaining amount of money, and the projected amount of anticipated federal financial participation.
Source:
Section 25.5-6-1804 — Spending plan - approval by joint budget committee - reporting, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-25.5.pdf (accessed Oct. 20, 2023).
Up to date