| Summary |
Joint Budget Committee. The justice reinvestment crime
prevention initiative (initiative) is administered by the division of local
government (division) in the department of local affairs (department) to
expand small business lending and provide grants aimed at reducing
crime and promoting community development. The initiative consists of
the targeted crime reduction grant program, which provides funding to
eligible entities for programs, projects, or direct services aimed at
reducing crime and promoting community development in certain target
communities, and a statewide business and entrepreneurship training and
grant program for justice-system-involved persons.
Currently, the targeted crime reduction grant program cash fund
(fund) is continuously appropriated to the department for the purposes of
these 2 grant programs. The bill specifies that for state fiscal year
2023-24 and subsequent fiscal years, the department may expend money
from the fund subject to annual appropriation and that the department
may use any remaining appropriated money during the year following the
year for which the general assembly appropriated the money.
The bill specifies that the statewide business and entrepreneurship
training and grant program for justice-system-involved persons will be
repealed on September 1, 2024.
The department may expend money from the justice reinvestment
initiative expansion account (account) in the fund for the purposes of
expanding the targeted crime reduction grant program to Grand Junction
and Trinidad and to implement the grant program for
justice-system-involved persons. Currently, the state treasurer is required
to transfer any money remaining in the account to the general fund on
July 1, 2023, and the account will be repealed on September 1, 2023. The
bill changes the repeal date of the account to September 1, 2024, and
requires the state treasurer to transfer any money remaining in the account
to the fund on July 1, 2024. The bill specifies that the department may
expend the transferred money for the targeted crime reduction grant
program and the grant program for justice-system-involved persons.
Finally, the bill clarifies that the initiative is repealed, effective
September 1, 2027, and that the department of regulatory agencies will
review the initiative for repeal, continuation, or reestablishment before
the initiative is repealed.
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