Second Regular Session
              Sixty-eighth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 12-0275.01 Kate Meyer x4348     HOUSE BILL 12-1129
                    HOUSE SPONSORSHIP
 Tyler,  Court, Duran, Fischer, Hullinghorst, Kefalas, Kerr A., Lee, McCann, Pabon, Ryden,
 Williams A., Young, Solano
 
                   SENATE SPONSORSHIP
 Jahn, 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 House Committees
 Senate Committees
 
 
 Economic and Business Development
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning appropriations to match federal funds for small
            business development centers.
       
       
                           Bill Summary
       
            (Note: This summary applies to this bill as introduced and does
       not reflect any amendments that may be subsequently adopted. If this bill
       passes third reading in the house of introduction, a bill summary that
       applies to the reengrossed version of this bill will be available at
       http://www.leg.state.co.us/billsummaries.)
       
            For the 2012-13 and 2013-14 state fiscal years, the bill requires the
       general assembly to appropriate moneys, in amounts to match federal
       funds but not to exceed $300,000 each year, to the Colorado office of
       economic development (office). The state director of small business
       development centers (SBDCs) in the office may expend up to 15% of the
       appropriated moneys to increase awareness of SBDCs and shall equitably
       distribute the remainder to SBDCs across the state and, where possible,
       to reestablish SBDCs that have closed since January 1, 2007. The office
       is required to report to the general assembly regarding the disbursement
       and the measurable results of the use of those moneys.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  In Colorado Revised Statutes, add 24-48.5-102.5
       as follows:
            24-48.5-102.5.  Appropriations to match federal funds for
       small business development centers - report - repeal. (1) (a)  For the
       2012-13 and 2013-14 state fiscal years, the general assembly
       shall appropriate in the general appropriation act to the
       Colorado office of economic development an amount, up to
       three hundred thousand dollars each year, that matches any
       federal funds received by the Colorado office of economic
       development for small business development centers.
            (b)  The moneys appropriated pursuant to paragraph (a) of
       this subsection (1) are in addition to any other moneys that are
       appropriated by the general assembly to the Colorado office of
       economic development for any other purpose.
            (c) (I)  Except as otherwise provided in subparagraph (II) of
       this paragraph (c), the state director of small business
       development centers in the Colorado office of economic
       development shall equitably distribute the moneys appropriated
       pursuant to paragraph (a) of this subsection (1):
            (A)  To each of the small business development centers in
       the state; and
            (B)  Where possible, for use in reestablishing small
       business development centers in Colorado that closed after
       December 31, 2006.
            (II)  The state director of small business development
       centers may use up to fifteen percent of the moneys appropriated
       pursuant to paragraph (a) of this subsection (1) to increase
       awareness of small business development centers in the state.
            (2)  On or before January 15, 2013, and on or before
       January 15, 2014, the Colorado office of economic development
       shall submit a report to the business, labor, and technology
       committee of the senate and the economic and business
       development committee of the house of representatives, or any
       successor committees, regarding the disbursement of moneys
       under subsection (1) of this section and the capital formation
       and jobs created as a result of receipt of any such moneys.
            (3)  This section is repealed, effective July 1, 2014.
            SECTION 2.  Safety clause. The general assembly hereby finds,
       determines, and declares that this act is necessary for the immediate
       preservation of the public peace, health, and safety.