Bill > SB243

This bill modifies a previous appropriation to the Colorado Department of Labor and Employment for the Construction Registered Apprenticeship Grant Program by specifying that $222,701 of the originally appropriated $1.4 million will revert (be returned) to the General Fund by June 30, 2025. The bill changes existing language that previously stated that unexpended money from this appropriation would not revert to the General Fund. The Construction Registered Apprenticeship Grant Program is a funding mechanism designed to support apprenticeship opportunities in the construction industry, and this bill makes a technical adjustment to how unspent funds from the 2023-24 state fiscal year will be handled. By reverting a specific amount back to the General Fund, the state can reclaim and potentially reallocate these unused funds, which is a common fiscal management practice to ensure efficient use of state resources.

Budget and Finance

https://leg.colorado.gov/bills/sb25-243