ColoradoColorado moves unused bond-assistance money to its general fund
The law directs Colorado to return unused bond-assistance money to its general fund while reserving committed money for existing obligations.
What it does
The law directs the state to move unspent, uncommitted Bond Assistance Program money to the general fund on June 30, 2026. Committed money must go only toward the obligations it covers.
The law repeals the subsection that includes the Bond Assistance Program provisions, effective December 1, 2027.
Argument forMoving unused money to the general fund could make it available to address other state needs.
Argument againstReturning unused money and later repealing these provisions could reduce help available to businesses seeking bond assistance.
More detail
The law directs the state treasurer to transfer the fund’s unspent, uncommitted balance to the general fund. The transfer covers the Bond Assistance Program cash fund. Money already committed to obligations must be used only to meet those obligations. The transfer is set for June 30, 2026.
The law repeals subsection (2)(b) of the state procurement equity program statute. Subsection (2)(b) includes provisions about the Bond Assistance Program. The repeal takes effect December 1, 2027.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 1Governor Jared Polis SignedBecame Law
- May 29Signed by the Speaker of the HouseMajor
- May 29Signed by the President of the SenateMajor
- May 28Sent to the GovernorTo Governor
- Apr 16Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Lower
- Vote recorded BILL. Result: pass.Upper
- Apr 15Senate Second Reading Special Order - Passed - No Amendments
- Apr 14Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1388 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. Result: pass.Upper
- Apr 13Introduced In Senate - Assigned to AppropriationsMinor
- Apr 11House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Apr 10House Third Reading Laid Over Daily - No Amendments
- Apr 9House Second Reading Special Order - Passed - No Amendments
- Apr 8House Second Reading Special Order - Laid Over Daily - No Amendments
- Apr 6House Committee on Appropriations Refer Unamended to House Committee of the WholeMinor
- Vote recorded Refer House Bill 26-1388 to the Committee of the Whole. Result: pass.Lower
- Apr 2Introduced In House - Assigned to AppropriationsIntroduced
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