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CO SB114

CO SB114
Repeal of the FLEX Program


summary

Introduced
02/03/2025
In Committee
02/11/2025
Crossed Over
02/21/2025
Passed
02/21/2025
Dead
Signed/Enacted/Adopted
02/27/2025

Introduced Session

2025 Regular Session

Bill Summary

CONCERNING THE REPEAL OF THE FINANCIAL LITERACY AND EXCHANGE PROGRAM.

AI Summary

This bill proposes to repeal the Financial Literacy and Exchange (FLEX) Program in Colorado by transferring all unexpended and unencumbered funds from the FLEX Fund to the General Fund on June 30, 2025, and completely repealing the program's statutory provisions effective July 1, 2025. The bill essentially signals the end of the FLEX Program, which appears to be a financial literacy initiative, by ensuring that any remaining funds are transferred to the state's General Fund and that the program's legal authorization is removed from Colorado's revised statutes. The bill includes a standard safety clause, which is a legislative declaration that the act is necessary for the immediate preservation of public peace, health, or safety, and follows the typical formatting of a state legislative bill with signatures from legislative leaders and the governor.

Committee Categories

Budget and Finance

Sponsors (20)

Last Action

Governor Signed (on 02/27/2025)

bill text


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