Bill
HB 1407
State Money Used to Refinance American Rescue Plan Money
HB 1407 authorizes Colorado to substitute state general funds for American Rescue Plan federal dollars, redirecting federal pandemic relief money for alternative state purposes.
Bill
HB 1407
HB 1407 authorizes Colorado to substitute state general funds for American Rescue Plan federal dollars, redirecting federal pandemic relief money for alternative state purposes.
HB 1407 proposes using state funds to refinance or replace money Colorado received through the federal American Rescue Plan (ARP), which provided pandemic relief funding. The bill would essentially allow the state to substitute its own general fund dollars for the federal ARP monies, potentially freeing up the remaining federal funds for other purposes or allowing the state to retain flexibility in how those federal dollars are deployed.
The American Rescue Plan distributed over $1.9 trillion nationally and provided Colorado with substantial one-time federal funding that has funded various state programs and initiatives. This bill would fundamentally change how Colorado uses that windfall, with significant implications for state budget planning, program sustainability, and federal fund utilization. The outcome affects which programs receive permanent state funding versus temporary federal support, and whether Colorado is effectively repurposing federal relief money.
Compiled from official sources — confirm details with the bill’s official record.
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