Capital Projects Fund (CPF)

About Capital Projects Fund (CPF)

Administered by the U.S. Department of Treasury (from the American Rescue Plan)

The COVID-19 public health emergency revealed and continues to reinforce our understanding that communities without access to high-quality modern infrastructure, including broadband, face impediments to fully participating in aspects of daily life, such as remote work, telehealth, and distance learning. The Treasury's Capital Projects Fund allows states to invest in capital assets that meet communities’ critical needs in the short- and long-term, with a key emphasis on making funding available for broadband infrastructure. 

Colorado is receiving $171 million, to be managed by the Colorado Broadband Office (CBO):

• $8.5 million for State of Colorado Administration
• $162 million for Grants

Projects must meet all of the following criteria:

1. The capital project invests in capital assets designed to directly enable work, education and health monitoring.
2. The capital project is designed to address a critical need that resulted from or was made apparent or exacerbated by the COVID-19 public health emergency.
3. The capital project is designed to address a critical need of the community to be served by it.
4. To deploy last-mile broadband infrastructure capable of providing symmetrical 100 Mbps internet access to eligible locations.
5. Eligible locations include those that lack access to reliable, wireline internet access of at least 100/20 Mbps.

Capital Projects Fund FAQ

U.S. Treasury Guidance for the Capital Projects Fund

CPF Program Website