Fuels Impact Enterprise (FIE)

About the Fuels Impact Enterprise

The Fuels Impact Enterprise (FIE) was established through SB23-280, signed into law on June 6, 2023. Officially created on August 8. 2023, and set to expire on January 1, 2030, the enterprise is dedicated to improving fuel transportation and monitoring vehicle emissions across Colorado.

Key Functions & Authority:

  • Administer the Fuels Impact Reduction Fee, set at $0.006125 per gallon of fuel delivered for sale or use in Colorado
  • Oversee the Fuels Impact Reduction Grant Program, allocating $15 million in funding for hazardous mitigation corridors, emergency responses, and environmental transportation projects
  • Issue grants, impose fees, and provide services as authorized under C.R.S. 43-4-1506
  • Issue bonds payable from the collected fees and other enterprise revenues

Enterprise Budget & Grant Allocations

For Fiscal Year 2024, the FIE anticipates $11.25 million in revenue, with administrative expenditures of $89,500 and $1.06 million allocated for enterprise-funded programs. In Fiscal Year 2025, the revenue is projected at $15 million, with $134,500 in administrative costs and $5.85 million dedicated to enterprise initiatives.

Fuels Impact Reduction Grant Program Distribution:

  • $10 million allocated to local governments for hazardous mitigation corridor improvements, prioritizing safety and environmental impact:
    • Adams County: $6.4 million (64%)
    • City of Aurora: $2 million (20%)
    • El Paso County: $1.3 million (13%)
    • Mesa County: $240,000 (2.4%)
    • Otero County: $60,000 (0.6%)
  • $5 million for enterprise administration and future allocations.

Board of Directors

The Colorado Transportation Commission serves as the governing body for the Fuels Impact Enterprise Board of Directors. Board officers include:

  • Chair – Elected annually from among the board members
  • Vice-Chair – Elected alongside the chair
  • Secretary – Appointed by the board but not a board member
    • Currently recommended: Herman Stockinger

The board is responsible for overseeing the enterprise's financial decisions, grant allocations, and strategic operations, ensuring compliance with state regulations and effective fund distribution.

Learn More

For additional details on the Fuels Impact Enterprise, including governance policies and financial procedures, please review our official bylaws.