Bill > HB1268

This bill establishes "Renewable Energy Reinvestment Areas" to encourage the development of renewable energy projects on previously disturbed lands, such as brownfield sites (land with known or suspected contamination), closed landfills, and land affected by mining or oil and gas operations. Local governments can designate these eligible sites as reinvestment areas, and this designation allows for the use of tax increment revenue to finance or reimburse costs associated with eligible projects, which include renewable energy or energy storage system infrastructure. The bill also requires local governments to consult with tribal governments when designating areas within or near tribal lands, and it mandates that the Colorado Energy Office provide guidance and resources for developing renewable energy projects in these designated areas. Importantly, this bill does not override existing federal or state environmental laws.