(1) Pursuant to the initiative's intended purpose stated in section 23-3.3-1001 (1)(a) and authority granted in section 23-3.3-1004 (4)(a), the initiative may provide displaced workers grants for the purpose of supporting Coloradans displaced by the COVID-19 pandemic who have an incentive to reskill, upskill, or complete industry-recognized credentials in order to improve economic prospects for themselves or their communities. The initiative must disperse grant awards to grant recipients on an annual basis or more frequently, as determined by the executive director or the executive director's designee.(2) This section is repealed, effective July 1, 2024.Added by 2022 Ch. 10, § 1, eff. 3/7/2022.Subsection (2) provided for the repeal of this section, effective July 1, 2024. (See L. 2022, p. 114.)