| Summary |
The bill creates the electric vehicle enterprise (enterprise) in the
department of labor and employment (department). The business purpose
of the enterprise is to synchronize electric vehicle charging protocols to
create consistency and transparency for electric vehicle charging
consumers.
The enterprise constitutes an enterprise for purposes of section 20
of article X of the state constitution so long as it retains the authority to
issue revenue bonds and receives less than 10% of its total annual
revenue in grants from all Colorado state and local governments
combined. So long as it constitutes an enterprise, the enterprise is not
subject to section 20 of article X of the state constitution.
The bill establishes a board of directors for the enterprise,
including the board's membership, powers, and duties.
The bill authorizes the enterprise to impose and collect a fee
beginning July 1, 2025, to be paid by each electric vehicle charging
station retailer based on the total number of retail electric vehicle
charging stations operated by the retailer and the total number of power
supply devices used at such stations.
The bill creates the electric vehicle enterprise special revenue fund
(fund) and continuously appropriates money in the fund to the enterprise
to accomplish its duties.
The bill requires the state treasurer, on July 1, 2024, to transfer
$264,000 from the general fund to the fund and, on July 1, 2025, to
transfer $160,000 from the general fund to the fund for the purpose of
defraying expenses incurred by the enterprise before it receives fee
revenue or revenue bond proceeds. The money is transferred as a loan to
the enterprise, to be paid in full not later than December 31, 2028, with
interest.
The bill requires the enterprise, in consultation with the Colorado
energy office and the division of oil and public safety within the
department, to promulgate rules establishing minimum standards related
to specifications and tolerances for retail electric vehicle charging
equipment and methods of retail sale at publicly accessible electric
vehicle charging stations to promote equity in the marketplace. The
department must begin enforcing the rules on July 1, 2025, for all electric
vehicle charging stations installed before, on, or after July 1, 2025.
For the purposes of existing laws concerning fuel products, the bill
amends the definitions of the terms fuel products and motor fuel to
include electricity when used to fuel electric vehicles.
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