The act establishes the Black Coloradan racial equity commission (commission) in the legislative department to conduct a study to determine, and make recommendations related to, any historical and ongoing effects of slavery and subsequent systemic racism on Black Coloradans that may be attributed to Colorado state practices, systems, and policies. The study includes historical research conducted by the state historical society (society), commonly known as history Colorado, and an economic analysis conducted by a third party. The society may enter into an agreement with a third-party entity to conduct all or parts of the historical research. The society shall conduct at least 2 community engagement sessions for members of the public to provide input to the society. The society shall provide the commission with quarterly updates about the status of its research. The society is required to submit a report to the commission with the results of its research and any recommendations. The commission shall enter into an agreement with a third party to conduct an economic analysis of the financial impact of systemic racism on historically impacted Black Coloradans utilizing the findings of the society's historical research. The third party shall deliver the results of its economic analysis to the commission. At the conclusion of the study, the commission shall submit a report to the general assembly and the governor about the study and make the report available on a publicly accessible webpage of the general assembly's website. The report must include a description of the study's goals, the results of the historical research and economic analysis, and the commission's recommendations. After the commission submits the report, the commission shall work with any parties necessary to implement the recommendations in the report. The study is contingent upon the commission receiving $785,000 of gifts, grants, or donations for the purpose of conducting the study. The act creates the Black Coloradan racial equity study cash fund to accept the gifts, grants, or donations received for the study. The money in the cash fund is continuously appropriated to legislative council for use by the commission and to the society for conducting the historical research. APPROVED by Governor June 4, 2024 EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)