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Bill > HB1388


CO HB1388

CO HB1388
Repeal Bond Assistance Program Fund Transfer


summary

Introduced
04/02/2026
In Committee
04/14/2026
Crossed Over
05/29/2026
Passed
06/01/2026
Dead
Signed/Enacted/Adopted
06/01/2026

Introduced Session

2026 Regular Session

Bill Summary

CONCERNING THE REPEAL OF THE BOND ASSISTANCE PROGRAM ADMINISTERED BY THE DEPARTMENT OF PERSONNEL, AND, IN CONNECTION THEREWITH, TRANSFERRING THE BALANCE OF THE BOND ASSISTANCE PROGRAM CASH FUND TO THE GENERAL FUND.

AI Summary

This bill repeals the Bond Assistance Program, which was administered by the Department of Personnel, and transfers any remaining funds from the Bond Assistance Program Cash Fund to the state's General Fund on June 30, 2026. Any money already committed or obligated (encumbered) in the fund after this transfer will still be used solely for those specific obligations. This change is part of the implementation of a state procurement equity program and is set to be repealed entirely on December 1, 2027.

Committee Categories

Budget and Finance

Sponsors (6)

Last Action

Governor Signed (on 06/01/2026)

bill text


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