C.R.S. Section 8-83-504
Just transition cash fund

  • transfer from general fund
  • transfer from account
  • definition

(1)

There is hereby created in the state treasury the just transition cash fund. The fund consists of money credited to the fund in accordance with section 39-29-108 (2)(d) and any other money that the general assembly may appropriate or transfer to the fund. The state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund. Subject to annual appropriation by the general assembly, the office may expend money from the fund and the department may expend money from the coal transition workforce assistance program account of the fund created in section 8-83-504.5 (1) for purposes specified in this part 5, including paying for the office’s direct and indirect costs in administering this part 5. Any unexpended and unencumbered money in the fund at the end of any fiscal year remains in the fund and shall not be credited or transferred to the general fund.

(2)

The general assembly may appropriate money from the general fund for the purposes specified in this part 5. The office may seek, accept, and expend gifts, grants, or donations from private or public sources for the purposes of this part 5.

(3)

Each construction project financed through the fund must comply with sections 24-92-115 and 24-92-201.
(4)(a)(I)(A) On June 30, 2021, the state treasurer shall transfer eight million dollars from the general fund to the fund.

(B)

On March 7, 2022, the state treasurer shall transfer two million dollars from the account to the fund.

(C)

On July 1, 2022, the state treasurer shall transfer five million dollars from the general fund to the fund.

(II)

Subject to annual appropriation by the general assembly, the office shall expend the money transferred to the fund pursuant to this subsection (4)(a) to implement the final just transition plan for Colorado prepared as required by section 8-83-503 (4) and to provide supplemental funding for existing state programs that the office identifies as the most effective vehicles for targeted investment in coal transition communities. In providing such supplemental funding, the office shall place a heavy emphasis on investment in tier one transition communities and shall support programs that:

(A)

Support targeted economic development;

(B)

Assist with regional capacity for coordination of economic development programs and worker assistance programs;

(C)

Support infrastructure projects and workforce development programs; or

(D)

Are consistent with the goals and strategies outlined in the final just transition plan.

(III)

For purposes of the money transferred to the fund pursuant to subsection (4)(a)(I)(C) of this section, the office shall use the money to support targeted economic development for the following:

(A)

Expansion assistance for existing local businesses;

(B)

Expanding private financial investment; and

(C)

Site selector and technical assistance engagements.

(b)

In addition to the requirements set forth in subsection (4)(a) of this section, the office shall expend money transferred to the fund pursuant to subsection (4)(a) of this section in accordance with the following requirements and limitations:

(I)

The office shall consult with the just transition advisory committee on expenditure decisions and prioritize the expenditure of the money in a manner consistent with the final just transition plan and the level of support for any given proposed expenditure from coal transition communities and state action teams formed to assist with the development of rural economic diversification and transition roadmaps as set forth in the final just transition plan.

(II)

The office may provide for the transfer of money from the fund to other state agencies only if the transfer is approved by the director, the executive director of the department, the executive director of the department of local affairs, and the director of the Colorado office of economic development.

(III)

Intentionally left blank —Ed.

(A)

The office shall expend the money transferred to the fund pursuant to subsections (4)(a)(I)(A) and (4)(a)(I)(B) of this section by the close of state fiscal year 2023-24.

(B)

The office shall expend the money transferred to the fund pursuant to subsection (4)(a)(I)(C) of this section by the close of state fiscal year 2025-26.

(IV)

The department is authorized to use up to five percent of the money in the fund to fund operational support for the office’s expenditure of the money, including funding for the compensation of existing office employees.

(c)

Subject to the requirements of this subsection (4) and notwithstanding any other law, the office may expend money from the fund to make grants to any eligible entity, and a state agency to which a transfer of money from the fund is made pursuant to this subsection (4) may expend the money transferred to make grants to any eligible entity.

(5)

Intentionally left blank —Ed.

(a)

Notwithstanding any other provision of this section, for the 2021-22 state fiscal year, the general assembly shall appropriate one hundred fifty thousand dollars from the fund to the department of higher education for use by the board of trustees of the Colorado school of mines to expand the CORE-CM initiative in the Greater Green river and Wind river basins.

(b)

As used in this subsection (5), “CORE-CM initiative” means the Carbon Ore, Rare Earth, and Critical Minerals Initiative for U.S. Basins, an initiative through the office of fossil energy in the federal department of energy, the purpose of which is to develop and catalyze regional economic growth, job creation, and associated technology innovation across basins throughout the country.

Source: Section 8-83-504 — Just transition cash fund - transfer from general fund - transfer from account - definition, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-08.­pdf (accessed Oct. 20, 2023).

8‑83‑101
Definitions
8‑83‑102
Division of employment and training created - director
8‑83‑103
Powers, duties, and functions - acceptance of money
8‑83‑104
State employment service
8‑83‑105
Personnel
8‑83‑106
Division - offer waiver of confidentiality for employment purposes
8‑83‑201
Short title
8‑83‑202
Legislative declaration
8‑83‑203
Definitions
8‑83‑204
Work force development program - legislative declaration - purposes
8‑83‑205
Work force development program - creation - administration - merit system - Wagner-Peyser funded employment services
8‑83‑206
Local elected officials - function - authority
8‑83‑207
Local work force development boards - authority - functions
8‑83‑208
Implementation - local plans
8‑83‑209
State work force development plan
8‑83‑210
Work force boards - membership
8‑83‑211
Functions of work force boards
8‑83‑212.5
Work force development board standing committees
8‑83‑213
Rural consortium work force development board
8‑83‑214
Rural consortium local elected officials board
8‑83‑215
Designation of local work force development areas
8‑83‑215.5
Designation of planning regions
8‑83‑216
Required and optional partners of work force boards
8‑83‑217
Memorandum of understanding - one-stop partners
8‑83‑218
Core services
8‑83‑219
Intensive services - training services - individual training accounts
8‑83‑220
Encouragement of in-demand programs - legislative declaration
8‑83‑221
Title I and Title III allocation
8‑83‑222
County distribution formula - use of money
8‑83‑223
Allocation process
8‑83‑224
State council - duties
8‑83‑225
Colorado department of labor and employment - functions
8‑83‑226
Responsibilities of governor
8‑83‑227
Additional funding for workforce development activities - state funding not subject to federal law limitations
8‑83‑308
Colorado state apprenticeship resource directory - collection of apprenticeship program information - promotion of public awareness - definitions
8‑83‑401
Definitions
8‑83‑402
Employment support and job retention services program - creation
8‑83‑403
Program purpose - duties of the director
8‑83‑404
Administration of the program
8‑83‑405
Reports required
8‑83‑406
Employment support and job retention services program cash fund - created
8‑83‑407
Repeal of part
8‑83‑501
Legislative declaration
8‑83‑502
Definitions
8‑83‑503
Just transition office - advisory committee - repeal
8‑83‑504
Just transition cash fund - transfer from general fund - transfer from account - definition
8‑83‑504.5
Additional coal transition workforce assistance program funding - coal transition workforce assistance program account
8‑83‑505
Utility workforce transition plans - reemployment of affected workers
8‑83‑506
Report - recommendations - repeal
8‑83‑601
Definitions
8‑83‑602
Work-based learning incentive program - creation - rules - appropriation
8‑83‑602.5
Teacher externship program - creation - rules - repeal
8‑83‑603
Statewide digital navigator program - office of future work - rules - appropriation
8‑83‑701
Construction registered apprenticeship grant program - created - reports - appropriation - definitions
8‑83‑702
Repeal of part
8‑83‑801
Definitions
8‑83‑802
Apprenticeship navigator pilot program - navigator positions - report
8‑83‑803
Rules
8‑83‑804
Repeal of part
8‑83‑901
Definitions
8‑83‑902
Workforce transitions study - report
8‑83‑903
Repeal of part
Green check means up to date. Up to date

Current through Fall 2024

§ 8-83-504’s source at colorado​.gov