summary
Introduced
04/27/2026
04/27/2026
In Committee
04/30/2026
04/30/2026
Crossed Over
Passed
Dead
05/06/2026
05/06/2026
Introduced Session
Potential new amendment
2026 Regular Session
Bill Summary
The bill creates a special purpose authority (investment performance authority) that is authorized to invest certain public money from certain special funds, enterprise funds, and funds held by other special purpose authorities. State and other governmental entities (eligible entities) may choose to have the investment performance authority invest their money instead of the state treasurer or other authorized investor, under certain conditions. The investment performance authority is governed by a board of directors made up of the following 7 members: ! The state treasurer or the state treasurer's designee, who serves as chair of the board; ! The director of the office of state planning and budgeting or the director's designee; ! An individual with professional experience in managing federal, state, or local government money or managing the money of an institution of higher education or other endowment fund, appointed by the governor; ! individuals with professional experience in investment consulting or investment management, with one individual appointed by the speaker of the house of representatives and one individual appointed by the majority leader of the senate; ! An individual employed in the child care field, appointed by the minority leader of the senate; and ! An individual working with a child care advocacy organization, appointed by the minority leader of the house of representatives. The investment performance authority uses the earnings from the investment of eligible entities' money: ! To quarterly disburse to eligible entities on a pro rata basis; ! To pay the reasonable administrative costs and expenses of the investment performance authority; ! To create a reserve; and ! To disburse to counties for child care assistance to families with low incomes according to a formula established in coordination with the child care assistance program allocation committee and the department of early childhood.
AI Summary
This bill establishes an "Investment Performance Authority" (IPA), a special purpose authority, to invest certain public money from various state funds and other special purpose authorities, offering an alternative to the state treasurer for investment. The IPA is governed by a seven-member board including the state treasurer, the director of the office of state planning and budgeting, and appointees with expertise in government finance, investment management, and the child care field. The IPA's primary goal is to generate higher returns on invested public money, with earnings to be disbursed quarterly to participating entities, used to cover administrative costs, build reserves, and importantly, to fund child care assistance for low-income families in counties, based on a formula developed in coordination with the child care assistance program allocation committee and the department of early childhood. This initiative is framed as a response to the critical need for increased child care funding in Colorado, which is seen as essential for family economic security and the state's overall economy, particularly given the inadequacy of current federal funding for child care programs serving low-income families.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Senate Committee on Appropriations Postpone Indefinitely (on 05/06/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://leg.colorado.gov/bills/SB26-180 |
| Senate Appropriations Amendment L.010 | https://leg.colorado.gov/bill_amendments/19982/download |
| Fiscal Note/Analysis - Budget Staff Analysis SA2 | https://leg.colorado.gov/bill_files/115803/download |
| Fiscal Note/Analysis - Budget Staff Analysis SA1 | https://leg.colorado.gov/bill_files/115619/download |
| Senate Finance Amendment L.006 | https://leg.colorado.gov/bill_amendments/19726/download |
| Senate Finance Amendment L.004 | https://leg.colorado.gov/bill_amendments/19727/download |
| Senate Finance Amendment L.003 | https://leg.colorado.gov/bill_amendments/19728/download |
| Senate Finance Amendment L.001 | https://leg.colorado.gov/bill_amendments/19729/download |
| Fiscal Note Initial Fiscal Note | https://leg.colorado.gov/bill_files/115452/download |
| BillText | https://leg.colorado.gov/bill_files/115308/download |
Loading...