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The bill establishes a first and preferred opportunity for available employment for coal transition workers (hiring preference). A business entity located in a coal transition community that is engaged in the business of constructing or operating railroads, utilities, energy generation facilities, or advanced manufacturing facilities (covered business) is required to comply with the hiring preference. A covered business does not include the state government or a local government.A covered business is required to make good faith efforts to provide a hiring preference to a coal transition worker who meets the minimum qualifications for an employment position (qualified coal transition worker). A covered business may hire an individual who is not a qualified coal transition worker only if either a qualified coal transition worker did not apply for employment with the covered business or each qualified coal transition worker declined a job offer from a covered business. A If a qualified coal transition worker applies for employment with a covered business, the covered business is required to report annually to the executive director of the department of labor and employment or their designee (executive director). The executive director is required to adopt policies and procedures to implement the bill. A hiring preference does not apply if a covered business places an existing employee in another employment position with the covered business or to the extent that a hiring preference conflicts with the terms of a collective bargaining agreement that applies to the relationship between a covered business and its employees.Currently, a public entity is not allowed to invest public funds in certain types of investments, such as equity instruments, instruments convertible to equity, or equity interests, or to deposit public funds with any person except certain depository institutions, which are primarily banks. The bill authorizes a public entity to deposit or invest, either directly or through an investment firm or other third party authorized by the public entity, public funds from a payment or settlement that the public entity has received to offset the socioeconomic impacts to a community or government from the closure of a coal mine or coal power generating station in any investment permitted by an investment policy approved by the public entity.(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Introduced
Feb 12, 2026
Last Action
Jan 27, 2026
Session
CO 2026A
Sponsors
4 primary · 43 co
Sent to the Governor
Signed by the Speaker of the House
Signed by the President of the Senate
Senate Considered House Amendments - Result was to Concur - Repass
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed with Amendments - Floor
House Committee on Agriculture, Water & Natural Resources Refer Unamended to House Committee of the Whole
Introduced In House - Assigned to Agriculture, Water & Natural Resources
Senate Third Reading Passed - No Amendments
Senate Second Reading Passed with Amendments - Committee
Senate Committee on Agriculture & Natural Resources Refer Amended - Consent Calendar to Senate Committee of the Whole
Introduced In Senate - Assigned to Agriculture & Natural Resources
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Introduced In Senate - Assigned to Agriculture & Natural Resources
M. Catlin
D. Roberts
M. Lukens
T. Mauro
J. Amabile
M. Ball
J. Bridges
J. Coleman
T. Exum
J. Gonzales
N. Hinrichsen
I. Jodeh
C. Kipp
B. Kirkmeyer
L. Liston
J. Marchman
D. Michaelson Jenet
K. Mullica
R. Pelton
C. Simpson
M. Snyder
T. Sullivan
K. Wallace
J. Bacon
A. Boesenecker
K. Brown
C. Clifford
M. Duran
M. Froelich
L. García
S. Lieder
M. Lindsay
M. Martinez
J. McCluskie
K. McCormick
K. Nguyen
A. Paschal
N. Ricks
M. Rutinel
E. Sirota
L. Smith
K. Stewart
T. Story
B. Titone
S. Woodrow
W. Lindstedt
L. Goldstein