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Legislative Year: 2024 Change
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Bill Detail: HB24-1466

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Title Refinance Federal Coronavirus Recovery Funds
Status Sent to the Governor (05/23/2024)
Bill Subjects
  • State Government
House Sponsors S. Bird (D)
R. Taggart (R)
Senate Sponsors R. Zenzinger (D)
B. Kirkmeyer (R)
House Committee Appropriations
Senate Committee Appropriations
Date Introduced 04/24/2024
Summary

Joint Budget Committee. The state received money from the
federal coronavirus state fiscal recovery fund pursuant to the American
Rescue Plan Act of 2021 (ARPA money). ARPA money was deposited
into the American Rescue Plan Act of 2021 cash fund and then
transferred to various cash funds (recipient funds) and appropriated for
various programs.
The bill requires the state treasurer to transfer specified amounts
of ARPA money from specified recipient funds at the close of the
2023-24 state fiscal year to the American Rescue Plan Act of 2021 cash
fund. The bill requires the state treasurer to transfer money from the
general fund to a new ARPA refinance state money cash fund. Money in
the new ARPA refinance state money cash fund is transferred to the
specified recipient funds.
The bill requires the general assembly to appropriate ARPA money
from the American Rescue Plan Act of 2021 cash fund to state
departments for personal services in fiscal year 2023-24. For fiscal year
2024-25, the general assembly shall appropriate the balance of the cash
fund for personal services or for other purposes permitted under the
American Rescue Plan Act of 2021, and the money so appropriated
must be expended on or before January 31, 2025.
On December 1, 2024, any unspent and unobligated money in a
recipient fund, other than money designated for personal services or
operating costs that will be spent by January 31, 2025, reverts to the
American Rescue Plan Act of 2021 cash fund. The reverted money is
continuously appropriated to any department designated by the governor
for any purpose that was funded with general fund money in the general
appropriations act for fiscal year 2024-25.
After December 31, 2024, any ARPA money in a recipient fund
that was obligated as of December 31, 2024, but not expended on an
eligible activity at the conclusion of the appropriation reverts to the
American Rescue Plan Act of 2021 cash fund and is continuously
appropriated to any department designated by the governor for any
purpose for which a general fund appropriation was made in the general
appropriation act for the state fiscal year in which the reversion occurred.
The amount of general fund money appropriated in a line item in
a general appropriations act is reduced by the amount of ARPA money
appropriated pursuant to the bill's provisions that is spent for the line
item.
The bill repeals the requirement for a subrecipient to obligate
ARPA money by November 30, 2024.
The bill authorizes the state controller to take certain measures to
implement the bill and ensure that ARPA money is expended within the
time allowed by federal law. The governor and the state controller shall
jointly submit a report to the joint budget committee, the speaker of the
house of representatives, the minority leader of the house of
representatives, the president of the senate, and the minority leader of the
senate about the transfers in the bill and about spending ARPA money.
The bill makes changes to various programs related to refinancing
ARPA money, including clarifying spending and obligation deadlines for
program money that is not ARPA money and exempting the use of state
money from requirements for capitol construction projects that use federal
money. The bill makes changes to appropriations.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (05/01/2024) (most recent)  
Additional Bill Documents Bill Documents
Including:
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  • Past fiscal notes
  • Committee activity and documents
  • Bill History
 
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